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Puerto Rican bill seeks to check growth of "big box" stores

San Juan, Mar 14 (EFE).- Puerto Rican lawmakers are studying a bill aimed at curbing the expansion of "big box" retail chains, whose growth has triggered the closure of hundreds of small businesses in recent years. The speaker of the House of Representatives of Puerto Rico, Jaime Perello, says the proposed Small and Medium Enterprise Support Law would require that a study be conducted to estimate the business impact of the opening of any new retail outlet covering a surface area greater than 80,000 sq. feet (7,400 sq. meters).

Staples to shut 225 stores in North America as sales fall

By Maria Ajit Thomas (Reuters) - Staples Inc <SPLS.O> said it would close up to 225 stores in the United States and Canada - 12 percent of its North America outlets - and forecast another quarter of sales decline as it loses customers to mass market chains and e-retailers. Shares of the largest U.S. office supplies retailer fell as much as 17 percent after the company also reported weaker-than-expected fourth-quarter results and forecast a profit for the current quarter that fell far below analysts' estimates.

Intuit, Under Armour, Wal-Mart and Qlik Technologies are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Under Armour Inc., up $5.49 to $112.68 The athletic gear maker skated past its Olympic dustup and signed an extended deal with U.S. Speedskating. Wal-Mart Stores Inc., down 40 cents to $73.12 Stifel Nicolaus downgraded the retailer, citing risks with its pricing strategy risks, political risks on minimum wage and macroeconomics. Newmont Mining Corp., down $1.08 to $23.38

Wal-Mart's China syndrome a symptom of international woes

By Nandita Bose and Adam Rose MUMBAI/BEIJING (Reuters) - Wal-Mart Stores Inc, famed for its low prices, has stumbled in the one major market where consumers say price is less of a driver in their buying decisions: China. There, consumers say they want food that is safe and authentic, and, after 17 years, Wal-Mart is changing its approach, closing some big-box stores that never quite caught on with locals. Instead, it's focusing on private-label products and imports, putting its stamp on quality and safety.

Wal-Mart boosts fight for customers after poor quarter

Wal-Mart Stores on Thursday said it was ramping up spending to compete with online retailers and other discounters after US sales took a hit during the holiday sales season. The world's largest retailer suffered a 0.4 percent fall in US same-store sales in the quarter ending January 31, with customers hampered by severe winter weather, cuts to food stamps and increased payroll taxes.

Wal-Mart earnings fall on weak US holiday shopping

Wal-Mart Stores on Thursday said it was ramping up spending to compete with online retailers and other discounters after quarterly same-store sales dropped in the United States, its biggest unit. The world's largest retailer suffered a 0.4 percent dip in same-store sales at its Walmart chain in the US in the quarter ending January 31, as customers confronted difficult winter weather and reductions in government benefits such as food stamps and higher taxes.

Wal-Mart earnings fall on weak US holiday shopping

Wal-Mart Stores on Thursday said it was ramping up spending to compete with online retailers and other discounters after quarterly same-story sales dropped in the United States, its biggest unit. The world's largest retailer suffered a 0.4 percent dip in same-store sales at its Walmart chain in the US in the quarter ending January 31, as customers confronted difficult winter weather and reductions in government benefits such as food stamps and higher taxes.

Wal-Mart offers disappointing outlook as it reports 21 pct drop in 4Q profit

NEW YORK, N.Y. - Much like its low-income shoppers, Wal-Mart can't seem to catch a break as the U.S. economy rebounds. The world's largest retailer on Thursday posted a 21 per cent drop in fourth quarter profit and gave a subdued forecast for the current year as it continues to be weighed down by a number of factors.

US stocks rise after big Facebook buy, Walmart weakness

US stocks rose modestly in early trade Thursday as investors slammed Facebook's huge acquisition of WhatsApp and Wal-Mart Stores turned in disappointing earnings for the holiday season. After an hour of trade, the Dow Jones Industrial Average was up 25.17 points (0.16 percent) at 16,065.73. The broad-based S&P 500 advanced 2.69 (0.15 percent) to 1,831.44, while the tech-rich Nasdaq Composite Index added 6.44 (0.15 percent) at 4,244.39.

US stocks rise after big Facebook buy, Walmart weakness

US stocks rose modestly in early trade Thursday as investors slammed Facebook's huge acquisition of WhatsApp and Wal-Mart Stores turned in disappointing earnings for the holiday season. After an hour of trade, the Dow Jones Industrial Average was up 25.17 points (0.16 percent) at 16,065.73. The broad-based S&P 500 advanced 2.69 (0.15 percent) to 1,831.44, while the tech-rich Nasdaq Composite Index added 6.44 (0.15 percent) at 4,244.39.
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