Sam&#039;s Club http://www.globalpost.com/taxonomy/term/26155/all en Wal-Mart to buy more U.S. goods, add veterans' jobs http://www.globalpost.com/dispatch/news/thomson-reuters/130115/wal-mart-says-buy-more-us-goods-add-veterans-jobs Wal-Mart, the largest private employer and retailer in the United States, also said it plans to hire 100,000 new veterans over the next five years, at a time when the U.S. unemployment rate remains well over 7 percent.<p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/wal-mart-says-buy-more-us-goods-add-veterans-jobs" target="_blank">read more</a></p> Business Companies Economy of the United States Labor Law Sam's Club Technology Walmart Business United States Thomson Reuters Tue, 15 Jan 2013 14:30:00 +0000 5734729 at http://www.globalpost.com Walmart raises dividend as profits rise http://www.globalpost.com/dispatch/news/afp/130221/walmart-raises-dividend-profits-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Global retailing giant Walmart Thursday announced increased quarterly profits and a higher dividend, even as it pointed to some US and foreign challenges in the near term.</p> <p>Wal-Mart Stores Inc. reported net income of $5.6 billion in the fiscal fourth quarter ended January 31, up 8.6 percent from the year-ago period.</p> <p>Revenues rose 3.9 percent from the year-ago period to $127.9 billion.</p> <p>The world's largest retailer raised its fiscal 2014 dividend by 18 percent to $1.88 a share, compared with $1.59 paid during fiscal year 2013.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130221/walmart-raises-dividend-profits-rise" target="_blank">read more</a></p> Economy of the United States Entertainment Sam's Club Wal-Mart Stores Inc Walmart Walmart AFP Thu, 21 Feb 2013 19:17:01 +0000 5762519 at http://www.globalpost.com Wal-Mart's 1Q profit disappoints as it struggles with sales slump http://www.globalpost.com/dispatch/news/the-canadian-press/130516/wal-marts-1q-profit-disappoints-it-struggles-sales-slump <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - The first few months of the year were tough for Wal-Mart Stores Inc.</p> <p>The world's largest retailer reported Thursday that its first-quarter profit edged up just slightly, and the company struggled with a sales slump in its namesake business during the three-month period. The discounter also offered a quarterly profit outlook that came below Wall Street's projections. Its stock fell on the news.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130516/wal-marts-1q-profit-disappoints-it-struggles-sales-slump" target="_blank">read more</a></p> Business Economy of the United States Sam's Club Social Issues Wal-Mart Stores Inc Walmart The Canadian Press Thu, 16 May 2013 11:47:01 +0000 5839207 at http://www.globalpost.com Walmart earnings edge higher amid headwinds http://www.globalpost.com/dispatch/news/afp/130516/walmart-earnings-edge-higher-amid-headwinds <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US retail giant Walmart reported Thursday that its first quarter earnings edged higher to $3.8 billion but said comparable sales at its US stores declined.</p> <p>Wal-Mart Stores Inc. said its net income was up 1.1 percent from the previous year's $3.7 billion. Net income per share came in at $1.14, compared with analyst expectations of $1.15.</p> <p>Walmart said its US comparable store sales declined 1.4 percent due to a delay in income tax refund checks, "challenging" weather, lower-than-expected grocery inflation and payroll tax increases. </p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130516/walmart-earnings-edge-higher-amid-headwinds" target="_blank">read more</a></p> Economy of the United States Sam's Club Walmart Walmart AFP Thu, 16 May 2013 20:30:38 +0000 5839678 at http://www.globalpost.com Wal-Mart sales disappoint as shoppers worldwide curb spending http://www.globalpost.com/dispatch/news/thomson-reuters/130815/wal-mart-us-same-store-sales-slip-03-percent <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Phil Wahba</p> <p>(Reuters) - Wal-Mart Stores Inc posted disappointing quarterly sales on Thursday after shoppers worldwide proved cautious, prompting the discount retailer to lower its revenue and profit forecasts for the year.</p> <p>"The retail environment was challenging across all of our markets," Chief Executive Officer Mike Duke said in a recording. Shares of Wal-Mart fell 2.5 percent to $74.50 in premarket trading.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130815/wal-mart-us-same-store-sales-slip-03-percent" target="_blank">read more</a></p> Business Economy of the United States Sam's Club Social Issues Wal-Mart Stores Inc Walmart Thomson Reuters Thu, 15 Aug 2013 11:30:56 +0000 5910534 at http://www.globalpost.com Wal-Mart cuts annual profit outlook as it reports disappointing 2Q results http://www.globalpost.com/dispatch/news/the-canadian-press/130815/wal-mart-cuts-annual-profit-outlook-it-reports-disappointing <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Wal-Mart Stores Inc., the world's biggest retailer, said the weak global economy continues to batter its low-income shoppers.</p> <p>The chain on Thursday cut its annual profit and revenue outlook for the year after reporting second-quarter results that missed Wall Street estimates. The company's stock fell nearly 3 per cent on the news.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130815/wal-mart-cuts-annual-profit-outlook-it-reports-disappointing" target="_blank">read more</a></p> Business Economy of the United States Sam's Club Social Issues Wal-Mart Stores Inc Walmart The Canadian Press Thu, 15 Aug 2013 13:16:06 +0000 5910578 at http://www.globalpost.com Sam's Club bets new merchandise will make customers buy more http://www.globalpost.com/dispatch/news/thomson-reuters/131011/sams-club-bets-new-merchandise-will-make-customers-buy-more <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>ROMEOVILLE, Illinois (Reuters) - Sam's Club is trying to stand out against its larger, faster-growing rival Costco Wholesale Corp &lt;COST.O&gt; with trendier holiday merchandise this year, hoping that new goods will spur its members to spend more.</p> <p>Its previous moves, including improving food and adding "treasure hunt" items such as $6,000 Cartier watches, have failed to spur strong results. Sales and the growth trajectory at the retail warehouse chain, part of Wal-Mart Stores Inc &lt;WMT.N&gt;, continue to lag behind Costco.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131011/sams-club-bets-new-merchandise-will-make-customers-buy-more" target="_blank">read more</a></p> Economy of the United States Sam's Club Walmart Thomson Reuters Fri, 11 Oct 2013 22:18:07 +0000 5958889 at http://www.globalpost.com Wal-Mart predicts sales will grow faster next year http://www.globalpost.com/dispatch/news/thomson-reuters/131015/wal-mart-says-us-government-shutdown-customers-minds <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Jessica Wohl</p> <p>(Reuters) - Wal-Mart Stores Inc &lt;WMT.N&gt; expects slightly stronger sales growth next year as it makes changes such as opening more smaller U.S. stores and shutting 50 poorly performing stores in Brazil and China, executives said on Tuesday.</p> <p>The world's largest retailer sees a "tough" and "unpredictable" economy around the world, Chief Executive Officer Mike Duke said, a week after the International Monetary Fund trimmed its outlook for global growth.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131015/wal-mart-says-us-government-shutdown-customers-minds" target="_blank">read more</a></p> Business Economy of the United States Sam's Club Technology Walmart Thomson Reuters Tue, 15 Oct 2013 13:47:19 +0000 5961378 at http://www.globalpost.com Wal-Mart seeks to tether small stores to supercenter mother ships http://www.globalpost.com/dispatch/news/the-canadian-press/131015/wal-mart-seeks-tether-small-stores-supercenter-mother-ships <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Wal-Mart Stores Inc. is embracing a disciplined approach to expansion as it responds to a challenging global economy and increasing consumer demands for more convenience.</p> <p>The world's largest retailer said that it's closing some stores in China and Brazil to boost productivity in those markets, while it's accelerating the expansion of small stores in the U.S. at a faster pace than that of its supercenters. It aims to tether these small stores to supercenters, which will act as mini warehouse hubs for their smaller cousins.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/131015/wal-mart-seeks-tether-small-stores-supercenter-mother-ships" target="_blank">read more</a></p> Business Economy of the United States Sam's Club Technology Wal-Mart Stores Inc Walmart The Canadian Press Tue, 15 Oct 2013 16:48:48 +0000 5961563 at http://www.globalpost.com Wal-Mart to open up to 110 new stores in China as it seeks more profitability http://www.globalpost.com/dispatch/news/the-canadian-press/131024/wal-mart-open-110-new-stores-china-it-seeks-more-profitabili <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Wal-Mart Stores Inc. plans to open up to 110 new stores in China in the next three years while the world's largest retailer seeks to make the business there more profitable.</p> <p>Wal-Mart says it will focus on developing supercenters and Sam's Clubs while remodeling existing stores.</p> <p>As Wal-Mart expands in China, it's also closing underperforming stores there. Last week, Wal-Mart, based in Bentonville, Ark., announced that it would close 20 to 25 stores in the fourth quarter and into the first quarter in China.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/131024/wal-mart-open-110-new-stores-china-it-seeks-more-profitabili" target="_blank">read more</a></p> Economy of the United States Sam's Club Wal-Mart Stores Inc Walmart The Canadian Press Thu, 24 Oct 2013 16:33:15 +0000 5969829 at http://www.globalpost.com Wal-Mart's U.S. sales miss mark as shoppers stay cautious http://www.globalpost.com/dispatch/news/thomson-reuters/131114/wal-mart-us-quarterly-comparable-sales-decline <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Phil Wahba</p> <p>(Reuters) - Wal-Mart Stores Inc on Thursday forecast a disappointing profit for the holiday season after reporting its third straight quarterly decline in U.S. comparable sales because of fewer shopper visits.</p> <p>The company said comparable sales at its U.S. stores, its biggest unit, fell 0.3 percent in the third quarter ended on October 31, in part because of price reductions on televisions and sluggish sales of toys and packaged foods.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131114/wal-mart-us-quarterly-comparable-sales-decline" target="_blank">read more</a></p> Economy of the United States Sam's Club Wal-Mart Stores Inc Walmart Thomson Reuters Thu, 14 Nov 2013 12:47:54 +0000 5989153 at http://www.globalpost.com Wal-Mart 3Q profit up 2.8 pct, but cuts outlook amid challenges http://www.globalpost.com/dispatch/news/the-canadian-press/131114/wal-mart-3q-profit-28-pct-cuts-outlook-amid-challenges <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Wal-Mart shoppers — much like many Americans — still feel like they're in a recession.</p> <p>In the uneven economic recovery, their bills are going up, but their wages are not. While the well-heeled crowd benefits from gains in the stock market, Wal-Mart shoppers are still struggling with a higher payroll tax. And shopping for bargains isn't a hobby, but a necessity.</p> <p>For these reasons, the world's largest retailer on Thursday cut its annual outlook for the second time in three months and gave fourth-quarter guidance that's below Wall Street's expectations.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/131114/wal-mart-3q-profit-28-pct-cuts-outlook-amid-challenges" target="_blank">read more</a></p> Business Economy of the United States Sam's Club Wal-Mart Wal-Mart Stores Inc Walmart The Canadian Press Thu, 14 Nov 2013 12:47:32 +0000 5989151 at http://www.globalpost.com Wal-Mart names McMillon to replace Duke as CEO http://www.globalpost.com/dispatch/news/thomson-reuters/131125/wal-mart-names-mcmillon-replace-duke-ceo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Aditi Shrivastava and Phil Wahba</p> <p>(Reuters) - Wal-Mart Stores Inc &lt;WMT.N&gt; named the head of its international division, Doug McMillon, to replace Chief Executive Mike Duke, who will retire on January 31 after five years at the helm of the world's largest retailer.</p> <p>McMillon, a 47-year-old Wal-Mart veteran, will take charge after the holiday shopping season at a time when the company is facing intense competition from dollar stores and other discounters, such as Target Corp &lt;TGT.N&gt;.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131125/wal-mart-names-mcmillon-replace-duke-ceo" target="_blank">read more</a></p> Business Economy of the United States Labor Law Politics Sam's Club Walmart Thomson Reuters Mon, 25 Nov 2013 14:16:58 +0000 5999487 at http://www.globalpost.com Wal-Mart Stores CEO and President Duke stepping down from posts; McMillon named as successor http://www.globalpost.com/dispatch/news/the-canadian-press/131125/wal-mart-stores-ceo-and-president-duke-stepping-down-posts-m <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>BENTONVILLE, Ark. - Wal-Mart Stores Inc. is ushering in a changing of the guard as the world's largest retailer confronts slower growth and challenges to its reputation.</p> <p>Doug McMillon, head of Wal-Mart's international division, will succeed CEO and President Mike Duke, 63, when he steps down on Feb 1 after five years in those roles. McMillon, a 23-year company veteran, will become the fifth CEO since Wal-Mart's founder Sam Walton.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/131125/wal-mart-stores-ceo-and-president-duke-stepping-down-posts-m" target="_blank">read more</a></p> Economy of the United States Politics Sam's Club Social Issues Wal-Mart Stores Inc Walmart The Canadian Press Mon, 25 Nov 2013 14:04:45 +0000 5999481 at http://www.globalpost.com Wal-Mart veteran McMillon to replace Duke as CEO next year http://www.globalpost.com/dispatch/news/thomson-reuters/131125/wal-mart-veteran-mcmillon-replace-duke-ceo-next-year <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Phil Wahba</p> <p>(Reuters) - Wal-Mart Stores Inc &lt;WMT.N&gt; has named company veteran Doug McMillon to be its next chief executive, in a bet that his experience running its international unit will bolster growth at the retailer, the world's largest.</p> <p>He will take the reins at a time sales growth in the United States is tepid and the company is trying to improve profitability at its international stores.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131125/wal-mart-veteran-mcmillon-replace-duke-ceo-next-year" target="_blank">read more</a></p> Business Economy of the United States Labor Law Politics Sam's Club Walmart Thomson Reuters Mon, 25 Nov 2013 22:47:05 +0000 5999867 at http://www.globalpost.com