Wal-Mart (WMT) reported that net sales for the second quarter of fiscal year 2008 were $91.99 billion, an increase of 8.8 percent over the second quarter of fiscal year 2007. Income from…
Douglas A. McIntyre Earlier in the week, Dunkin’ Donuts made a big deal about its new plan to team up with Procter & Gamble (PG) to sell its coffee at retail outlets like Wal-Mart (WMT)…
Japan would appear to be a promising market for big-box retail, but not for Wal-Mart (WMT). Japan is one of the world’s largest economies and wealthiest nations, but too few people want…
Douglas A. McIntyre According to Reuters, profits at UBS rose to $4.7 billion in Q2, but the bank said the difficult markets could hurt second half results. Reuters writes that Wal-Mart’s (WMT) Japanese unit, Seiyu…
This coming week is going to be dominated by 5 top earnings. We have included the name and a link through to a full earnings preview we did for each on Friday,…
The world retail behemoth that goes by the name of Wal-Mart will report earnings pre-market on Tuesday, August 14. We just saw the July same store sales Thursday, so much of the…
Perhaps it is all of these Dell PCs that it is selling. Or, the new program that allows buyers to order products and walmart.com and pick them up in stores. Wal-Mart (WMT)…
Douglas A. McIntyre Wal-Mart (WMT) has signed a deal with Facebook that will allow college roommates to use the social network to help decorate their dorms. The users will take a quiz and then match-up…
Douglas A. McIntyre Blockbuster (BBI) bought Movielink, a premium video content download service owned by several Hollywood studios. The price was rumored to be $20 million. The move is almost certainly two years too late.…
According to Reuters, BNP Pariba suspending three funds due to sub-prime problems in their portfolios. Reuters writes the net income and sales rose at News Corp (NWS). Reuters reports that Wal-Mar (WMT)…
First, Wal-Mart (WMT) announced a joint venture with India retailer Bharti Enterprises to begin opening stores in India. But, that was not he end of it. Today, Wal-Mart’s man in India said…
Douglas A. McIntyre McDonald’s has succumbed to pressure from Chinese groups and will raise its wages in that country. It will also gets it employees new uniforms. Seriously. The fast good chain has been accused…
According to Reuters, Bear Stearns (BSC) pushed out one of its presidents after problems that closed two of its hedge funds. Reuters writes that Robert Nardelli, former CEO of Home Depot (HD),…
According to Reuters, auto sales in the US dropped in July and imports took more than 50% of the market for the first time as sales dropped shsrply at GM (GM) and…
In 1942, economist Joseph Schumpeter came up with the notion of "creative destruction". The term became more popular in the 1970s and 1980s as Wal-Mart (WMT) ran K-Mart out of town and…