Holiday sales results lift Wal-Mart, Kmart
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Wal-Mart Stores Inc. said a surge in after-Christmas shopping spurred December same-store sales gains of about 3 percent, at the high end of its forecast. Kmart Holding Corp. said profit rose 10 percent during the holiday season after it limited deep discounts.
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Top US retailers reported double-digit profit gains in the third quarter, with industry titan Wal-Mart Stores Inc. leading the pack and brightening its outlook for the key holiday season underpinned by the recent drop in oil prices.
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Wal-Mart Stores Inc.  posted higher-than-expected quarterly profit on Tuesday after the world's biggest retailer cut prices on hot items like toys and electronics to lure customers during the holiday shopping season.
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Sales at retailers posted a much  stronger-than-expected 1.2 percent rise in November, government  data showed on Thursday, as holiday shoppers coped with high  energy costs and the fallout from a housing slump.
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Wal-Mart Stores Inc., the world&#39;s largest retailer, estimated November sales at US stores open at least a year rose about 0.7 percent, less than its forecast, amid higher gasoline prices that curbed consumer spending.
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Stocks rose on Thursday after strong August sales from Wal-Mart Stores Inc  and other retailers combined with positive economic data calmed concerns about mortgage market turmoil hurting the broader economy.
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U.S. retail sales jumped a  more-than-expected 1.2 percent in December, but first-time  jobless claims posted a surprise climb and import prices dipped  more than anticipated, government reports showed on Thursday.
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Stocks rose on Wednesday, lifted by a  merger between retailers Kmart and Sears, better-than-expected  earnings from computer maker Hewlett-Packard and government  data showing a moderate rise in a key U.S.  inflation measure.
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November sales data raised retailers&#39; spirits Monday, as the government reported better results than expected after the holiday season had so far been viewed with some disappointment.
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Wal-Mart Stores Inc. WMT.N, the  world's No. 1 retailer, on Monday said December sales would be  at the top end of its prior estimate on better-than-expected  post-Christmas spending, driving its shares up 2 percent.
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U.S. stocks were slightly higher on  Thursday after retailers reported a mixed bag of December  sales, while weekly jobless data caused some concern.
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-- Wal-Mart Stores Inc., the world's largest retailer, said Tuesday its renewed focus on low prices paid off with a 4 percent rise in profit for its fourth quarter as holiday shoppers bought discounted groceries and home electronics as well as health and wellness products.
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U.S. chain store retail sales rose in  the latest week after sizable back-to-back declines, as  consumers took to the stores for holiday shopping, a retail  report said on Tuesday.
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US retailer Wal-Mart sees profits rise 9.8% after price cuts attracted customers over the holiday season.
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U.S. stocks rose on Wednesday as  retailers Kmart and Sears announced a $11.5 billion merger,  signaling corporate America's confidence in the economy, while  Hewlett-Packard's better-than-expected earnings helped boost  tech shares with the hope of increased spending in the sector.
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U.S. stocks rose on Monday, after he  government said retail sales in November were better than  expected, a sign of economic strength.
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Wal-Mart Stores Inc  on Thursday reported a 2.4 percent rise in December sales at U.S. stores open at least a year, helped by strong sales of food.