Big Lots Same Store Sales Drop leads to Decline in Profit Big Lots, Inc (NYSE:BIG) reported that profit in the fiscal Q1 fell 22% as the closeout retailer observed same-store sales drop in the United States, and announced a loss from its recently purchased Canadian operations. Earnings results moved down short of the...
Top Retail Performers: Sears Holdings Corporation & Wal-Mart Stores (SHLD, WMT) Sears Holdings Corporation (NASDAQ:SHLD) shares are soaring this morning as the struggling retailer announced to separate its Canadian unit by off loading its current stake. The company is expected to reduce its current stake in Sears Canada by 44% to 51%, with an...
Wal-Mart Stores, Inc.(NYSE:WMT) Sheds About $12 billion in Market Value On Bribery Allegations Wal-Mart Stores, Inc.(NYSE:WMT) have lost $10 billion of its market value since 23 April, 2012. The news of the company being engaged in a multi-year campaign of bribery to expand its business hindered the company’s market share. The stock has lost...
The Home Depot & Kraft Foods Jump, Wal-Mart Stores falls After Earnings (WMT, KFT, HD) Shares of Wal-Mart Stores, Inc.(NYSE:WMT) slid sharply after the world’s largest retailer reported a 15% fall in its fourth-quarter profit despite a 5.80% jump in its revenue as its gross margin was hurt. The company reported profit of $5.16...
