Latest Wal-Mart Stores Inc News

US lawmakers skeptical grocery merger will mean lower prices

Nov. 29, 2022 18:57 PM EST

U.S. senators from both parties expressed skepticism Tuesday that a proposed merger between grocery giants Kroger and Albertsons would result in lower prices for consumers. “Fewer local options mean less competition to keep prices low,” said Sen. Alex Padilla, a California...

Cyber Monday deals lure in consumers amid high inflation

Nov. 28, 2022 17:58 PM EST

NEW YORK (AP) — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation. Cyber Monday is expected to remain the year’s biggest online...

Inflation hovers over shoppers seeking deals on Black Friday

Nov. 25, 2022 18:59 PM EST

NEW YORK (AP) — Cautious shoppers hunted for the best deals at stores and online as retailers offered new Black Friday discounts to entice consumers eager to start buying holiday gifts but weighed down by inflation. Due to elevated prices for food, rent, gasoline and other...

Holiday shopping kicks off with inflation dampening spirits

Nov. 24, 2022 10:21 AM EST

NEW YORK (AP) — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains. The U.S. job market remains strong, consumer spending is resilient and inflation has been slowing. But elevated prices for food, rent, gasoline and other...

Macy's, Kohl's, Gap point to cloudy holiday retail picture

Nov. 17, 2022 17:59 PM EST

NEW YORK (AP) — Results from Macy's, Kohl's and Gap on Thursday further underscored the cloudy picture for U.S. retailers heading into the start of the holiday season. A day after Target reported a sharp drop in quarterly profits, it's clear that inflation-hit shoppers in the last...

Target's 3Q profit drops 52% as shoppers force price cuts

Nov. 16, 2022 15:10 PM EST

NEW YORK (AP) — An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third-quarter profits at Target down 52% after it was forced to slash prices with Americans feeling the squeeze of inflation. The Minneapolis retailer...

US retail sales rose 1.3% last month, a sign of resilience

Nov. 16, 2022 10:28 AM EST

WASHINGTON (AP) — Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales...

Asian shares fall on jitters over missile landing in Poland

Nov. 15, 2022 22:25 PM EST

TOKYO (AP) — Asian shares were mostly lower Wednesday, as investors got jittery over global risks after Poland said a Russian-made missile killed two people there. Benchmarks fell in morning trading in Tokyo, Sydney, Seoul and Hong Kong, while shares were little changed in...

Walmart, Energizer rise; Bird Global, Getty Images fall

Nov. 15, 2022 16:19 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Walmart Inc., up $9.05 to $147.44. The retailer reported strong third-quarter financial results and raised its profit forecast for the year. Home Depot Inc., up $5.01...

Walmart puts up strong Q3, announces opioid settlement

Nov. 15, 2022 13:15 PM EST

NEW YORK (AP) — Walmart reported higher sales in its fiscal third quarter as more Americans look for deals, particularly in groceries, in the face of high inflation. The nation's largest retailer raised its full-year earnings outlook on the strong quarterly results. ...