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Wal-Mart Stores Inc., the world’s largest retailer, forecast second-quarter profit that was less than analysts estimated as the slow U.S. economy and higher taxes put pressure on consumers.
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Consumer companies from Mattel Inc. to AutoNation Inc. are beating analysts’ sales estimates by the broadest margin in the Standard & Poor’s 500 Index as shoppers help spur growth in the U.S. economy.
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Wal-Mart Stores Inc. Chief Executive Officer Mike Duke got a 14 percent raise in pay to $20.7 million as the retailer, trying to recover from a weak start this year, tied future bonuses to compliance controls.
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Wal-Mart Stores Inc. Chief Financial Officer Charles Holley said sales returned to normal by the end of February after being hurt by delayed tax returns the previous month.
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Wal-Mart Stores Inc. is promoting Charles Holley to chief financial officer, replacing Tom Schoewe as the world’s biggest retailer shakes up its executive ranks.
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Most U.S. stocks fell as the Standard & Poor’s 500 Index snapped a seven-day rally that drove the benchmark gauge to within nine points of its record high.
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Wal-Mart Stores Inc., the world’s largest retailer, reported fourth-quarter profit that trailed analysts’ estimates as an emphasis on low prices hurt margins. The shares tumbled the most in six months.
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Sun Art Retail Group Ltd., China’s largest operator of big-box stores, will boost its own brand offerings and add higher-margin items to increase sales after opening new stores helped raise 2012 profit by half.
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Wal-Mart Stores Inc., the world’s largest retailer, boosted its profit forecast for the year after the Sam’s Club chain and changes in merchandising helped the company halt a decline in U.S. store sales.
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Wal-Mart Stores Inc.’s fourth- quarter forecast signals the world’s largest retailer stands to face more obstacles than competitors such as Target Corp. this holiday season as price-conscious consumers hold back in the sluggish U.S. economy.
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