Penny-pinching shoppers boost Wal-Mart profit
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Wal-Mart Stores  on Tuesday  posted a better-than-expected quarterly profit as  penny-pinching U.S. shoppers scoured its discount stores for  low prices on necessities like food and laundry detergent to  offset tough economic conditions.
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Kroger Co. , the largest U.S. grocery chain, posted a higher quarterly profit on Tuesday, as remodeled stores and improved perishable goods attracted shoppers.
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The retailer said net income in the fourth quarter rose to $4.1 billion as its focus on low prices paid off. International growth also helped lift profit and sales.
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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Wal-Mart de Mexico SA, the country's largest retailer, reported a 7 percent increase in second-quarter net profit after inflation, even as same-store sales grew less than 1 percent due in part to a slowdown in consumption.
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Investors welcomed an upbeat profit report from Wal-Mart as a sign that consumers might not be as afraid of spending as the market has feared.
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LITTLE ROCK, Ark. - Wal-Mart Stores Inc., the world&#39;s largest retailer, reported a 12.7 percent increase in its third-quarter earnings.
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Wal-Mart Stores Inc  posted better-than-expected fourth quarter profit on Tuesday as penny-pinching U.S. shoppers scoured its discount stores for low prices on necessities like food to offset tough economic conditions.
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Top U.S. 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 reported a better-than-expected 9.8 percent increase in fourth-quarter profit yesterday, helped by new strategy and cost-control measures at its flagship U.S. stores division.
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Wal-Mart Stores Inc. WMT.N, the  world's biggest retailer, posted a 13 percent rise in quarterly  profit on Tuesday and raised its outlook and expectations for  holiday sales, saying the economy was improving.
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Top U.S. retailers reported  double-digit profit gains in the third quarter, with industry  titan Wal-Mart Stores Inc. WMT.N leading the pack and  brightening its outlook for the key holiday season underpinned  by the recent drop in oil prices.
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Department store operator J.C. Penney  Co. Inc.  on Thursday reported higher quarterly profit,  as fine jewelry, children's and women's accessories sold well.
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Shoppers Drug Mart Corp., Canada&#39;s biggest pharmacy chain, said third-quarter profit rose 21 percent to C$92.5 million ($77.3 million).
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Walgreen Co. , one of the largest U.S. drugstore chains, posted a higher quarterly profit on Monday, boosted by new stores and an inventory credit.
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-- Wal-Mart Stores Inc. on Tuesday reported fourth-quarter profit growth of 8.8 percent to beat analyst estimates, and issued a bullish forecast for the year ahead.
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Wal-Mart Stores Inc., the world's largest retailer, said Tuesday that third-quarter earnings increased nearly 13 percent year-over-year on strong international sales and higher same-store sales at the company's Sam's Club stores.