Latest Wal-Mart Stores Inc News

Funding bill targets online sites amid retail theft concerns

Dec. 23, 2022 14:17 PM EST

Retailers are scoring one win in the governmentwide spending bill, which will force online marketplaces like Amazon and Facebook to verify high-volume sellers on their platforms amid heightened concerns about retail crime. Tucked in the $1.7 trillion funding package lies a piece of...

Deion Sanders' arrival swipes buzz from bungling Broncos

Dec. 06, 2022 14:17 PM EST

DENVER (AP) — Deion Sanders sauntered into the Arrow Touchdown Club for what felt more like an old-fashioned tent revival than a news conference to introduce the University of Colorado's splashy new hire of “Coach Prime” as its head football coach. At that very moment Sunday...

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...