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Walmart Posts U.S. Comp Sales Decline, Lowers Forecast

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Bentonville, AR—Walmart booked mixed third-quarter results, with a drop in comparable U.S. sales, increased group profits and an “improvement” in domestic apparel sales. For the quarter ended Oct. 25, U.S. comparable store sales fell 0.3%, hurt by what the retail giant described as a “competitive” retail environment. Traffic was down …

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The 2013 List of Most Admired Online Retailers, Consumers’ Favorites

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Washington–These days there seem to be more e-commerce sites than there are stars in the heavens. But which online retailers are the best and the brightest in the Internet universe? Polling the National Retail Federation (NRF) and Shop.org members, Stores Media asked survey participants to name “the e-commerce retailer they …

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Walmart Cuts Full Year Profit Forecast as Shoppers Cut Back

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Bentonville, AR—Confirming a concern that middle income consumers have been reluctant to spend on discretionary purchases, Walmart today reported a modest profit and sales gain and lowered its full year forecast. Said CFO Charles Holley: “The retail environment remains challenging in the U.S. and our international markets, as customers are …