IBTimes Australia : Wal-Mart Topic

Target goes hunting in Silicon Valley, following Wal-Mart

Sat, 18 May 2013 09:28:02 +1000

Target Corp said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. retailer grow its online commerce business.

Wall Street slips after Fed comments, but Cisco surges

Fri, 17 May 2013 07:49:03 +1000

Stocks fell on Thursday, with the downturn accelerating late in the day after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.

Wall Street sags after Fed comments, but Cisco surges

Fri, 17 May 2013 06:49:03 +1000

Stocks fell on Thursday, with the downturn accelerating late in the day after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.

Wall Street flat after mixed data, Cisco jumps

Fri, 17 May 2013 04:21:04 +1000

Stocks barely budged on Thursday, with the Dow and S&P 500 hovering near record highs, as weak factory and labor market news was offset by data indicating inflation pressure remains tame despite aggressive monetary policy.

Evidence mounts on slower U.S. economic growth

Fri, 17 May 2013 02:49:02 +1000

The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites.

Wall Street edges up, led by tech after Cisco's results

Fri, 17 May 2013 02:28:03 +1000

U.S. stocks advanced modestly on Thursday as Cisco led gains in blue chips and technology stocks following strong earnings, offsetting concerns about softer-than-expected data on the manufacturing sector and labor market.

Wall Street dips after data, Cisco curbs decline

Fri, 17 May 2013 00:35:03 +1000

U.S. stocks were little changed on Thursday after softer-than-expected data on the manufacturing sector and labor market, but gains in Cisco helped temper declines.

Global Firms Bet on India's Spending Power

Thu, 16 May 2013 13:58:14 +1000

Global companies betting on India's potential as a consumer market are looking beyond the worst patch in a decade for Asia's third-largest economy and investing billions of dollars in the country.

U.S., European groups divided on how to improve Bangladesh factories

Thu, 16 May 2013 10:42:02 +1000

A trans-Atlantic divide between European and U.S. retailers over how best to respond to fatal disasters in Bangladesh textile factories split wide open on Wednesday, with U.S. retailers claiming their European counterparts are giving labour unions too much control over ensuring workplace safety.

As some retailers back Bangladesh accord, U.S. group lashes out

Thu, 16 May 2013 04:42:02 +1000

An accord designed to prevent another deadly disaster in Bangladesh's garment industry drew sharp criticism from a major U.S. retail trade group on Wednesday, which said it would constrain legal rights of U.S. companies, even as more European retailers signed on to the pact.

Wal-Mart checks Bangladesh factories; retailer accord elusive

Thu, 16 May 2013 00:49:03 +1000

Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months.

European Retailers Speak with One Voice on Bringing Safety to Bangladesh

Wed, 15 May 2013 12:00:20 +1000

After a tragic construction disaster in Bangladesh, European retailers, including H&M and Wal-Mart, signed the Bangladesh safety accord which will introduce measures aimed at boosting safety conditions in garment factories, taking a step to securing lives of workers.

Bangladesh Factory Collapse: Zara, H&M, Western Clothing Retailers 'Awaken', Sign Factory Safety Upgrade Agreement

Tue, 14 May 2013 11:31:23 +1000

Three weeks after and more than 1,000 lives lost, Bangladesh's more than three million garments workers scored a victory when major international clothing retailers such as Zara and H&M, among others, agreed to fund safety upgrades in the country's factories where they source their products.

Wall Street Week Ahead: 'Sell in May and Go Away?' Not This Year

Sat, 11 May 2013 08:56:02 +1000

With the Dow and the S&P 500 setting another string of record closing highs this week, the old Wall Street adage "Sell in May and Go Away" is starting to look weak.

Same-store sales continue modest recovery in April

Fri, 10 May 2013 02:35:02 +1000

Retail spending continued to grow modestly in April as bad weather delayed spring shopping in much of the country and frugal consumers gravitated toward discount chains.

Several retailers miss estimates as shoppers frugal

Fri, 10 May 2013 01:28:01 +1000

A number of top U.S. retailers reported disappointing April sales on Thursday as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.

Target tests if Facebook-driven deals bring shoppers into stores

Wed, 08 May 2013 14:35:03 +1000

Target Corp is rolling out Cartwheel, a service that combines social networking and discounts, the latest attempt by a U.S. retailer to lure shoppers into its physical stores rather that seeing them buy from online rivals.

Wal-Mart Regains No.1 Post in Fortune 500 List for 2012

Wed, 08 May 2013 08:15:39 +1000

Because of its low prices that attracted American consumers who were still reeling from the prolonged recession, Wal-Mart Stores regained the number 1 ranking in the Fortune 500 list for 2012.

OfficeMax shares up as special dividend outweighs profit miss

Tue, 07 May 2013 23:28:02 +1000

OfficeMax Inc reported a lower-than-expected quarterly profit on Tuesday, hurt by continued weak sales of technology products and fewer shoppers visiting its stores, although it announced a special dividend of $1.50 per share.

Fight expected in House on online sales tax

Tue, 07 May 2013 10:21:04 +1000

The Senate voted overwhelmingly on Monday to give states the power to enforce their sales tax laws on online purchases, but the legislation faces a tougher fight in the Republican-controlled House of Representatives.

'Fight expected in House' on online sales tax

Tue, 07 May 2013 10:07:05 +1000

Online sales tax clears Senate, fight seen in House

Tue, 07 May 2013 09:21:04 +1000

'Speed Money' Puts Brakes on India's Retail Growth

Sun, 05 May 2013 16:15:42 +1000

Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.

Wall Street to Best Buy - Now, get out of China

Thu, 02 May 2013 15:21:02 +1000

Best Buy's move to exit Europe has many on Wall Street hoping the big box retailer does the same in China.

Analysis: Wall Street to Best Buy - Now, get out of China

Thu, 02 May 2013 15:14:03 +1000

Best Buy's move to exit Europe has many on Wall Street hoping the big box retailer does the same in China.

Loblaw promises more actions after Bangladesh tragedy

Thu, 02 May 2013 06:49:03 +1000

Loblaw Cos Ltd , Canada's largest food retailer, said it would soon announce more actions in the wake of the collapse of a building in Bangladesh where some of its "Joe Fresh" garments were manufactured.

Carphone Warehouse Shares Jump on Best Buy Exit

Tue, 30 Apr 2013 20:28:42 +1000

Best Buy is planning to focus on US market by scaling back from its European operations.

Anger builds as Bangladesh gives up hope of more survivors

Tue, 30 Apr 2013 19:21:03 +1000

Rescue officials in Bangladesh said on Tuesday they had given up hope of finding more survivors from a garment factory complex that collapsed killing hundreds, as the government came under pressure to do more to enforce building safety standards.

PayPal expands further into stores, but Wal-Mart holds out

Tue, 30 Apr 2013 13:42:02 +1000

PayPal is extending its reach to more physical stores, having signed up 50 merchant acquirers which help process payments but the eBay Inc unit has yet to persuade Wal-Mart Stores Inc, the world's largest retailer.

PayPal hits offline milestone, but Wal-Mart holds out

Tue, 30 Apr 2013 10:21:02 +1000

PayPal hit a new milestone on Tuesday in its quest to be accepted in millions of physical stores, however, the payment division of eBay Inc has yet to persuade Wal-Mart Stores Inc, the world's largest retailer, to sign up.