Walmart News Now

03/02/2011 - 15:58

Walmart announced that it has donated $100,000 to continue the Walmart Tribal College Scholarship Program.

02/24/2011 - 18:48

If there was a bright spot to Walmart’s fourth-quarter results it was the international division where sales increased in every country, expansion surged and operating profits increased 9.7% to $5.4 billion on sales that increased 7.6% to $104.8 billion. Those results are on a constant currency basis that assumes foreign exchanges rates are consistent year over year and present a more accurate view of country-by-country performance.

02/24/2011 - 18:17

Analysts don’t like surprises, especially the negative kind, where results are worse than forecast, so there wasn’t a lot of love for Walmart earlier this week after the company reported a disappointing 1.8% fourth quarter comp decline. Never mind that earnings per share exceeded consensus estimate by three cents, analysts were clearly peeved by the top line shortfall at the stores division, and having been burned by the company’s earlier guidance expressed little confidence in the company’s ability to deliver on its strategic objectives.

02/24/2011 - 17:35

Members shopped Sam’s Club more often and spent more on each trip during the fourth quarter, propelling Sam’s to a 2.7% same-store sales increase, while operating profits were flat. The forecast for the first quarter calls for same-store sales to increase between 1% and 3%.

02/24/2011 - 17:29

There’s no way to sugarcoat the 1.8% same-store sales decline produced by Walmart’s U.S. stores division during the fourth quarter, especially after management vowed last fall that comps would turn positive during the period and end six quarters of negative results. Being so far off on sales guidance does not speak well of management’s forecasting abilities or grasp of the complexity issues that have contributed to sales weakness, and Wal-Mart Stores president and CEO Mike Duke acknowledged as much when he noted that “some of the pricing and merchandising issues in Walmart U.S. ran deeper than we expected, and they require a response that will take time to see results.”

The 1.8% comp decline is not only disappointing, but it also serves as a distraction from positive results elsewhere in the organization like an overgrown mole in the middle of a supermodel’s forehead. It’s just hard not to keep looking at that mole, or in Walmat’s case, a negative 1.8% comp even though the company has many other attractive features.

02/24/2011 - 17:23

It’s looking like Walmart could be in for an eighth consecutive quarter of declining same-store sales, judging from the company’s first-quarter forecast, which contemplates the impact of internal and external forces on results. Official guidance calls for comps to be flat or decline 2% despite an easy comparison against the prior-year first quarter when comps declined 1.4%. In formulating that guidance range Walmart surely doesn’t want to overpromise and under deliver the way it did during the fourth quarter, so predicting a continuation of negative results is the safe play given the high degree of uncertainty on many levels.

02/24/2011 - 17:19

During Walmart’s fourth-quarter conference call, Walmart U.S. president and CEO Bill Simon said the company will pursue a four-point plan to improve its performance in existing stores. The first order of business -- and something Simon has talked about since he was appointed to his current position last summer -- is a renewed emphasis on everyday low prices, or EDLP.

02/24/2011 - 17:11

Everyone has an opinion on Walmart, especially given the subpar performance of the U.S. stores division. The search for answers makes for some interesting conversations such as the one that took place earlier this week on the financial news network CNBC. Click here to watch.

02/24/2011 - 13:11

Walmart said it will present more than $1.5 million to nonprofits in six U.S. communities, thanks to Facebook users' help with the retailer's commitment to fight hunger through 2015.

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