Colin Mcgranahan News
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Best Buy Co., the world’s largest consumer-electronics retailer, posted an $81 million first- quarter net loss as the company lowers prices to compete with online rivals.
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More than 1,000 e-mailed complaints signal that Wal-Mart Stores Inc.’s restocking challenges are more widespread than the world’s largest retailer has said.
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Merging Office Depot Inc. with OfficeMax Inc. would help reverse the U.S. retail industry’s worst valuations.
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Lowe’s Cos., the second-largest U.S. home-improvement retailer, plans to hire 45,000 seasonal workers, 13 percent more than a year earlier, and add 9,000 permanent employees as the housing rebound spurs remodeling.
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Wal-Mart Stores Inc., the world’s largest retailer, raised its annual dividend 8.9 percent to $1.59 a share, the smallest increase since the company’s fiscal 2009.
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Dollar General Corp. fell the most since it first sold shares to the public in 2009 after posting first-quarter profit that missed analysts’ estimates, hurt by rising gasoline prices and clearance sales.
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Lowe’s Cos., the second-largest U.S. home-improvement retailer, said profit in its fiscal 2011 will be less than it previously projected as sales drop at stores open more than a year.
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Wal-Mart CEO Mike Duke delivered upbeat news to the company’s semi-annual Sustainability Milestones Meeting in November 2009. The world’s largest retailer was on track to hit 36 of the 37 energy and environment goals Duke’s predecessor set for the company in 2005. Not everyone in the audience responded with glee.
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Wal-Mart Stores Inc., the world’s largest retailer, dropped in New York trading after its forecast for profit this year trailed some analysts’ estimates amid slowing sales growth in the U.S.
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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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