Wal-Mart Stores Inc reported a higher quarterly profit as the world's biggest retailer clamped down on inventory and controlled expenses, but forecast earnings for the current period that could miss current Wall Street estimates.
Wal-Mart Stores Inc reported a higher quarterly profit as the world's biggest retailer clamped down on inventory and controlled expenses, but forecast earnings for the current period that could miss current Wall Street estimates.
Stock index futures fell on Thursday as investors awaited earnings from retail giant Wal-Mart after the Dow and the Standard & Poor's 500 index closed at 13-month highs in the previous session.
US based personal computer maker Hewlett-Packard announced Wednesday it is acquiring 3Com. This acquisition deal is worth $ 2.7 billion, or $7.90 a share.
U.S. retailers are poised to defy gloom this week as earnings expectations have improved, but the big test will be what they say about holiday shopping.
As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.
As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.
Dollar General is set to go public next week, but the discount retailer could see mixed results in its closely watched initial public offering as its private equity backers have valued the company richly.
Wal-Mart Stores Inc is offering its top 10 pre-order DVD movie titles at just $10 and free home delivery on its entire assortment of DVD and Blu-ray titles in another move to win holiday sales.
U.S. online sales are expected to rise 8 percent this holiday season, with mass market retailers who can offer discounts performing best, according to Forrester Research Inc.
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Wal-Mart Stores Inc on Monday announced its second round of price cuts on toys as the world's biggest retailer backs up its intention to be the price leader this holiday shopping season.
Target Corp is expanding the number of items that qualify for free shipping on its website and rolling out the shipping promotion two weeks earlier than last year as it looks to win holiday sales.
Wal-Mart Stores Inc is now catering to its shoppers' needs from cradle to grave.
Electronics chain RadioShack Corp posted quarterly revenue that topped Wall Street expectations, helped by its push in mobile phones and calling plans, sending its shares up 16 percent to a year high.
RadioShack Corp reported higher-than-expected revenue in the third quarter, and the electronics retailer's shares rose 4.7 percent in premarket trading.
RadioShack Corp's quarterly profit missed estimates by one cent on weak demand for its converter boxes, laptop computers and wireless accessories.
The American Booksellers Association has asked the U.S. Department of Justice to investigate a recent price war on books sold online between such retail giants as Wal-Mart Stores Inc, Amazon.com Inc and Target Corp ahead of the holidays.
The Wal-Mart supercenter is getting downsized.
Amazon.com Inc on Thursday posted quarterly profit that handily beat Wall Street estimates and said holiday sales could come in far above expectations, sending its shares up 15 percent to their highest level in nearly a decade.
Amazon.com Inc on Thursday posted quarterly profit that handily beat Wall Street estimates and said holiday sales could come in far above expectations, sending shares of the world's largest online retailer up 8 percent.
Wal-Mart Stores Inc said on Thursday it will keep its conservative approach to U.S. expansion as it pours resources into renovating stores or exploring higher-return investments abroad.