
Wal-Mart has closed over 269 stores over the past year, leaving many rural communities struggling to cope.
By Casey Wilson, Associate Editor, Money Morning -
Wal-Mart has closed over 269 stores over the past year, leaving many rural communities struggling to cope.
By Casey Wilson, Associate Editor, Money Morning -
Wal-Mart has closed over 269 stores over the past year, leaving many rural communities struggling to cope.
Just how bad is the problem? Let's take a look...
By Cooper Creagan, Associate Editor, Money Morning -
Prepaid cards like Wal-Mart's Bluebird card are quickly becoming a widespread alternative to banks.
Though convenient for many, this trend has the potential to be truly dangerous.
However, a new development could change the game entirely...
By Casey Wilson, Associate Editor, Money Morning -
Wal-Mart -- the infamous low-price retailer -- is ditching its most well-known pricing strategy in an effort to compete with e-commerce leviathan Amazon.com.
And its customers are not happy about it...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
Cisco stock (Nasdaq: CSCO) plunged 7.17% today, and Wal-Mart (NYSE: WMT) stock 2.6%, after disappointing earnings reports drove investors to sell.
Cisco announced plans to cut 4,000 more jobs (5% of its global workforce); the sales forecast for the quarter came in surprisingly low.
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By David Zeiler, Associate Editor, Money Morning • @DavidGZeiler -
Call it the "Wal-Mart Syndrome".
Entire industries -- such as low-end retailers like Wal-Mart Stores Inc. (NYSE: WMT) and fast food chains like McDonald's Inc. (NYSE: MCD) - pump up their profits by paying employees extremely low wages.
But thousands of Americans who need to support a household on such low wages - either the federally mandated minimum wage of $7.25 or just a bit above it - can only do so with public assistance.
In other words, with the help of welfare.
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By , Money Morning -
While we showed you last week how high-end retail stocks were soaring right now, on the flipside of things is Wal-Mart Stores Inc. (NYSE: WMT).
A Wal-Mart executive offered a candid view of just how bad sales have been of late in an e-mail to other company execs obtained by Bloomberg News.
"In case you haven't seen a sales report these days, February [month-to-date] sales are a total disaster," Jerry Murray, VP of finance and logistics, said in the Feb. 12 e-mail. "[It's] the worst start to a month I have seen in my seven years with the company."
The retail giant's woes stem from a confluence of factors hurting sales: the 2% increase in the payroll tax, the recent surge in gas and food prices and consumer confidence levels sinking to their lowest since 2011.
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By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW -
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By Kerri Shannon, Associate Editor, Money Morning -
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By , Money Morning -