Research Topic

BERLIN - Wal-Mart announced has begun implementing a new round of discounts at its German stores in its latest attempt to attract shoppers in a market where it has yet to turn a profit, The Associated Press reports.

WOONSOCKET, R.I. and CAMP HILL, Pa. - CVS Corporation and Rite Aid separately released March store sales reports today, which increased significantly from this time last year.

NEW YORK - Despite signs of an economic recovery in the United States, the pace of job cuts in the retail sector has continued to pick up in the first quarter of this year, according to a new study reported on by Reuters.

DETROIT - Kmart Corp.'s CEO and chairman, James Adamson, will get at least $1 million a year in base salary and an extra $4 million if he brings the troubled retailer out of bankruptcy by July 2003, The Associated Press reports.

SINGAPORE - Supermarkets in Singapore will have to wait to conduct a test that would allow them to compete with oil companies in retailing gasoline because of an increased focus on security in the wake of the Sept. 11 attacks, Dow Jones reports.

CARTERET, N.J. - Pathmark Stores Inc. today reported an 18 percent decrease in adjusted fourth-quarter profits due to the U.S. recession.

WASHINGTON - McDonald's will soon begin buying beef from overseas, citing a shortage of the U.S. meat that's lean enough to make burgers, The Associated Press reports.

NEW YORK - It's official: Wal-Mart Stores Inc. is the largest company in the nation and the world.