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February 15, 2013
15:20 EDTWMTWal-Mart drops after leaked February sales email, bounces
Shares hit lows of $68.13 after a leaked February sales email suggested the month was "a disaster". The stock has bounced back somewhat after comments from the company reported by CNBC that the contents of the email may lack appropriate context. Current support is at the low of the session, with resistance at $69.50. Other retailers weakened on the news.
News For WMT From The Last 14 Days
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April 29, 2015
10:55 EDTWMTWal-Mart commits to invest in 115 new stores in China by 2017
Walmart’s global president and CEO, Doug McMillon, reiterated Walmart’s commitment to growing its business in China while speaking live at an event in Beijing, the company announced. McMillon committed that from 2015-2017, Walmart will open 115 new stores in China, including supercenter and Sam’s Club formats, creating more than 30,000 jobs in Shanghai, Shenzhen, Changsha, Wuhan and other Tier 1 & 2 cities. Walmart’s Sam’s Club format is also a key part of investment strategy and Walmart plans to open 7 new clubs in the next 2-3 years, the company stated. In the future, Walmart will continue to invest in remodeling and upgrading existing stores, investing more than RMB370M in the remodeling of more than 50 stores in 2015.
05:53 EDTWMTWal-Mart accelerates China expansion, adds 115 new stores, Financial Times says
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April 28, 2015
07:01 EDTWMTVIVUS announces discount program through Sam's Club for Qsymia
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April 27, 2015
20:03 EDTWMTBest Buy's use of Apple Pay raises questions about Wal-Mart's MCX, Re/code says
Best Buy (BBY) announced it will accept Apple (AAPL) Pay in its stores later in the year, reports Re/code, citing company statements. Re/code notes that the move raises questions about Best Buy's previously announced partnership with rival payment consortium MCX, spearheaded by Wal-Mart (WMT). A Best Buy spokesperson said it is "too early to declare" whether the company will use MCX's platform at launch, while multiple sources claimed the delay in implementing Apple Pay is partly due to exclusivity agreements with MCX. Reference Link
06:15 EDTWMTWal-Mart fighting for right to sell more alcohol in Texas, WSJ reports
Wal-Mart (WMT) is fighting for the right to sell more alcohol in Texas, The Wall Street Journal reports. The retailer is suing the Texas Alcoholic Beverage Commission, claiming legal limits on sales of hard liquor are "unconstitutional," the publication says. Wal-Mart has also joined fellow retailers Costco (COST) and Kroger (KR), as well as other groups, to back legislation that would override the current state beverage laws. Reference Link
April 23, 2015
19:56 EDTWMTWal-Mart blocks shareholder vote to examine possible gender bias, Guardian says
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April 21, 2015
06:18 EDTWMTUS merchants struggle to meet deadline for accepting chip cards, WSJ reports
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April 20, 2015
12:31 EDTWMTWal-Mart workers claim store closings are retaliatory, Fortune says
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