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Tag Archives: Walmart

Wal-Mart Growth Hits Post-Recession High as It Chases Amazon

BENTONVILLE, United States — Wal-Mart Stores Inc. delivered its strongest U.S. sales gain in more than eight years, helping it keep pace with rival Amazon.com Inc. as the crucial holiday season begins. Same-store sales grew 2.7 percent in the third quarter, the company said on Thursday, beating the increase projected by analysts. Wal-Mart also boosted its earnings forecast for the ...

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Amazon or Walmart? Some Retailers Are Choosing Alliances

NEW YORK, United States — Store chains feeling the upheaval in retail are making strategic alliances — and that can mean picking sides. Kohl’s shoppers can find Amazon devices at some stores, and return items they bought from the online retailer. Nike has made some of its sneakers available through Amazon. The owner of Sears is selling Kenmore-branded appliances on ...

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Wal-Mart Gives Tepid Outlook as Grocery Competition Mounts

NEW YORK, United States — Wal-Mart Stores Inc., racing to fend off Amazon.com Inc. and a fresh attack from European grocery discounters, gave a lukewarm earnings forecast for the third quarter, a sign that heavy spending aimed at maintaining its edge is taking a toll. The shares slid in early trading Thursday after the retail giant said that profit will be 90 cents ...

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Report: Birchbox in Acquisition Talks With Walmart

NEW YORK, United States– Online cosmetics retailer Birchbox has discussed a potential sale with several retailers including Wal-Mart Stores Inc, tech news website Recode reported on Wednesday. Talks took place between Wal-Mart’s US e-commerce chief Marc Lore and Birchbox co-founder and chief executive officer Katia Beauchamp, Recode reported, citing sources. If Wal-Mart were to buy Birchbox, it would r… The Business ...

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