Wal-Mart, the giant discount chain and unofficial barometer of consumer spending, posted flat year-over-year earnings in its most recent quarter — an accomplishment in this economy.
Most retailers — even discount stores, which have been faring relatively well — are not expected to report year-over-year sales growth in the first months of their fiscal year.
Several chains, including Bon-Ton, Saks, Sears and Dillard’s, are not even expected to make a profit, according to Retail Metrics, a research firm.
For the three months ended April 30, Wal-Mart, the country’s largest retailer, had a profit of $3.02 billion, or 77 cents a share, compared with $3.02 billion, or 76 cents a share, for the period a year ago. In earlier reports, Wal-Mart had warned that results would be hurt by currency exchange rates. http://www.nytimes.com/2009/05/15/business/15shop.html?ref=business
Showing posts with label Wal-Mart. Show all posts
Showing posts with label Wal-Mart. Show all posts
Thursday, May 14, 2009
Sunday, November 30, 2008
Crowd Tramples Wal-Mart Employee to Death
A day after a worker was trampled to death, shoppers lined up outside a Wal-Mart on Saturday and police cars patrolled the area.The New York Times - The throng of Wal-Mart shoppers had been building all night, filling sidewalks and stretching across a vast parking lot at the Green Acres Mall in Valley Stream, N.Y. At 3:30 a.m., the Nassau County police had to be called in for crowd control, and an officer with a bullhorn pleaded for order.
Tension grew as the 5 a.m. opening neared. Someone taped up a crude poster: “Blitz Line Starts Here.”
By 4:55, with no police officers in sight, the crowd of more than 2,000 had become a rabble, and could be held back no longer. Fists banged and shoulders pressed on the sliding-glass double doors, which bowed in with the weight of the assault. Six to 10 workers inside tried to push back, but it was hopeless.
Suddenly, witnesses and the police said, the doors shattered, and the shrieking mob surged through in a blind rush for holiday bargains. One worker, Jdimytai Damour, 34, was thrown back onto the black linoleum tiles and trampled in the stampede that streamed over and around him. Others who had stood alongside Mr. Damour trying to hold the doors were also hurled back and run over, witnesses said. http://www.nytimes.com/2008/11/29/business/29walmart.html?partner=permalink&exprod=permalink
http://www.nytimes.com/2008/11/30/nyregion/30walmart.html?partner=permalink&exprod=permalink
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