Wal-Mart Stores Inc. said fourth- quarter profit will be at or below the low end of its forecast because of extra costs in Brazil as well as lower food-stamp benefits and winter storms that hurt U.S. sales.
Wal-Mart Stores Inc, already struggling to woo shoppers constrained by higher taxes, is “getting worse” at keeping shelves stocked, the retailer’s U.S. chief told executives, according to minutes of an officers’ meeting obtained by Bloomberg News.
With an estimated 140 million Americans predicted to shop this weekend, retailers are bolstering security, deploying Segway patrols and putting on live music to distract shoppers and avoid the deal-hunting scrums that can foster Black Friday tramplings.
Wal-Mart Stores Inc.’s board, as it prepares for new leadership at the company, has identified two internal candidates to succeed Chief Executive Officer Mike Duke, according to a person familiar with the situation.
Wal-Mart Stores Inc.’s U.S. chief Bill Simon urged companies to create domestic manufacturing jobs, saying the effort is good for businesses as it cuts costs by having goods produced closer to where they are consumed.
Wal-Mart Stores Inc. is betting on career insider Doug McMillon, who learned the business from founder Sam Walton, to revive a company struggling with slowing growth at home and in the international regions he oversaw.