SHANGHAI - The Chinese government plans to merge the parent companies of its largest retailers to meet growing competition from foreign retail giants that are rapidly expanding in China, according to report citing a government official and industry sources.
NEW YORK - The Iraqi War, cold weather, a late Easter, and the recession all contributed to weak March sales for leading retailers, including Wal-Mart, Sears, Federated Department Stores, and J.C. Penney Co.
FRANKFURT, Germany - Wal-Mart Stores Inc.'s German arm has appealed to the supreme court against a ruling that would force it to open its books, the company said.
NEW YORK - With 2002 revenues of nearly $250 billion, Wal-Mart Stores Inc. topped the Fortune 500 ranking of the nation's largest companies for the second consecutive year
NEW YORK - Wal-Mart Stores Inc. on Monday said U.S. sales for its latest week were hurt by a difficult comparison to a year-ago period that included Easter, and that it now sees March same-store sales growth at the low end of its previously predicted range, Reuters reports.
Bentonville, Ark. -- Wal-Mart Stores Inc. on Monday said it still expects to meet its forecast for March sales at stores open at least a year, despite the "CNN effect" last week, when shoppers were glued to their televisions to watch coverage of the war with Iraq.
