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Wal-Mart sells its 85 German stores
Wal-Mart pulled out of Germany, selling its 85 stores to Metro, Germany’s largest retailer, for an undisclosed price after eight loss-making years in a market dominated by discounters.
After Germany, Wal-Mart tries in Japan
Wal-Mart’s decision to pull out of Germany leaves it with one remaining problem child - its loss-making Seiyu stores in Japan.
Lex: Metro
The good thing about banging your head against a brick wall is that it is nice when you stop. Wal-Mart’s sale of its 85 German hypermarkets to Metro ends a eight-year loss-making attempt to crack one of Europe’s toughest retail markets.
Chicago passes ‘big box’ retail wage bill
The Chicago city council has voted 35 to 14 in favour of a controversial bill that would set a minium wage for “big box” retailers such as Target and Wal-Mart.
Wal-Mart backs fuel efficiency drive
Wal-Mart, which operates one of the largest trucking fleets in the US, is backing the development of a new generation of fuel efficient hybrid truck engines, in a move that could accelerate the adoption of the technology across the industry.
Retail groups’ bank plans under attack
The US Federal Reserve attacked moves by Wal-Mart, Home Depot and others to establish state-chartered banking operations, warning that the growth of the sector threatened to undermine national banking policy.
Rising petrol costs take toll on Wal-Mart sales
Wal-Mart, the largest US retailer, said its customers were increasingly feeling the pressure of higher fuel prices, as it reported that comparable sales at its discount stores increased by just 1.1 per cent during June.
Maryland’s ‘Wal-Mart’ law challenged
A group representing major US retailers has filed the first legal challenge to a state law passed last month in January, that would require Wal-Mart to increase its healthcare contributions.
Retailers report strong January sales growth
US retailers reported strong sales growth in January as warm weather and gift cards lured consumers into shops after the holidays.
Former Wal-Mart executive pleads guilty
Tom Coughlin, formerly one of Wal-Mart’s most powerful executives, has pleaded guilty to federal charges involving embezzlement and tax avoidance
