Wal-Mart Lowers Forecast for Capital Spending
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The retail giant said it would shift capital away from its American stores and into overseas expansion, which will account for the bulk of its growth in the years to come.
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FAYETTEVILLE, Arkansas  - Wal-Mart Stores Inc.  said on Friday that it will slow growth of its supercenters as it tries to improve sales at its U.S. stores and will also buy back $15 billion of stock, sending the world's largest retailer's shares up 4 percent.
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U.S. blue chips ended lower on Monday  after a disappointing sales forecast from the world's biggest  retailer, Wal-Mart Stores Inc. WMT.N, overshadowed a two-day  pullback in oil prices.
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U.S. stock index futures pointed to a lower market open on Wednesday after Wal-Mart Stores Inc.  cut its September same-store sales figure and a national employment index came in well below economists' forecasts.
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Wal-Mart Stores Inc.  on  Wednesday said September sales growth was even smaller than it  originally estimated, sending its shares lower and dragging  down stock futures.
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Wal-Mart Stores Inc.  said on  Thursday it was phasing out its layaway program because of  declining use and increasing costs, and was expanding other  financing options instead.
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Wal-Mart Stores Inc., the No. 1 US retailer, on Thursday posted weak November sales and gave its lowest monthly forecast in 19 months for December as high oil prices crimp core lower-income consumers&#39; spending.
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U.S. stock index futures pointed to a weaker market open on Wednesday after Wal-Mart Stores Inc. , the world's largest retailer, cut its September same-store sales figure and a national employment index came in well below economists' forecasts.
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NEW YORK - A disappointing sales forecast from Wal-Mart Stores Inc. sent stocks mostly lower Monday as investors worried that oil prices, which stabilized after last week's highs, would curb consumer spending and hurt companies' third-quarter earnings...
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United States shoppers have spent more on the first day of holiday shopping than they did a year ago but retailers&#39; hopes for the key season were curbed as titan Wal-Mart cut its November sales forecast.
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Wall Street stocks moved mostly lower Monday on a disappointing sales forecast from Wal-Mart Stores Inc. as investors worried that oil prices would cut consumer spending and hurt companies&#39; third-quarter profits.
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Wal-Mart Stores Inc. predicted a rare decline in monthly sales on Saturday, even as U.S. bargain-hunters jammed stores in search of gifts at the start of the crucial holiday shopping season.
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U.S. blue chips ended lower on Monday  as a disappointing sales forecast from Wal-Mart Stores Inc.  WMT.N cast a pall over sentiment, overshadowing a two-session  pullback in oil prices.
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-- Wal-Mart Stores Inc. will cut back on spending to build new stores and tighten cost controls as sales growth slows over the next three years, Chief Financial Officer Tom Schoewe told investors and analysts at a conference Tuesday.
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CHICAGO (CBS.MW) - Retail stocks fell Monday after Wal-Mart cut its August sales forecast, casting a pall over expectations for consumer spending during the back-to-school season.
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U.S. stocks tumbled on Monday as a disappointing sales forecast from Wal-Mart Stores Inc.  raised doubts about consumers' holiday spending and Google Inc.  dropped after Barron's newspaper said the stock was overvalued.
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Wal-Mart Stores Inc. , the world's largest retailer, slashed its own expectations of November sales on Saturday, saying customer traffic declined toward the end of Thanksgiving Day week, which signals the start of the holiday shopping season.