Tuesday, March 01, 2005

What is good for stock options is good for people?

Wal-Mart foes condemn proposed city superstore

BY LAUREN WEBER
STAFF WRITER
January 6, 2005, 7:51 PM EST
New York is an oasis of small businesses and tight-knit communities, and the metropolis should be spared the negative effects of a local Wal-Mart, opponents of the retailer said at a City Council hearing Thursday.

http://www.newsday.com/news/local/newyork/nyc-box0107,0,7641270.story?coll=ny-nynews-headlines

Wal-Mart Paints Bull's-Eye on Itself

By Rich Smith
January 6, 2005
Let me preface this column with a disclaimer: "Warning -- Highly Speculative." I'm going to connect two dots, even though the line, in reality, may never be drawn.

http://www.fool.com/News/mft/2005/mft05010613.htm

Moody's warns apparel retailers of Wal-Mart girth
By
Jennifer Waters, CBS.MarketWatch.com
Last Update: 4:51 PM ET Jan. 10, 2005
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CHICAGO (CBS.MW) -- Beware apparel retailers, Wal-Mart Stores Inc. is nipping at your heels

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Moody's Investors Services is predicting that Wal-Mart's "next big growth segment" is clothing and accessories -- a move that would put unprecedented competitive pressure on major department and clothing stores as Wal-Mart makes inroads into apparel that will make its penetration into the grocery-store industry look like, well, small potatoes.

http://cbs.marketwatch.com/news/story.asp?guid=%7B511A4477-B51B-42EC-8C84-2D12544EB9C7%7D&siteid=google&dist=google

Wal-Mart lumbers towards $500B in sales
New industry report says the retail behemoth could hit half-trillion dollar in sales by 2010.
January 10, 2005: 4:28 PM EST
By
Parija Bhatnagar, CNN/Money staff writer
NEW YORK (CNN/Money) - Despite its wobbly performance during the 2004 holiday shopping season where consumers shunned Wal-Mart for being stingy with discounts, at least one new industry report Monday says the retail behemoth is still on track to hit a half-trillion dollar in sales by 2010.
In a report titled Wal-Mart 2010, market research firm Retail Forward said the world's largest retailer will top $500 billion in five years and will own 12 percent of all retail sales in the United States.

http://money.cnn.com/2005/01/10/news/fortune500/walmart/?cnn=yes

Wal-Mart frustrates Netflix, drops online DVD rentals to $12.97 a month
Posted Jan 10, 2005, 4:43 PM ET by Peter Rojas
Related entries:
Home Entertainment

We’ll most likely holdout for them to drop the price to a nice round $9.99 a month, or at least wait for the introduction of an army of child laborers to hand deliver our DVDs to us before signing up, but Wal-Mart has apparently decided to more or less bankrupt Netflix (and take on Blockbuster) by dropping the price of their monthly online DVD rental service to just $12.97 a month. Not like they’re offering as fine a selection of movies as you’ll find at Netflix or many other companies, it’s just that in the long run there might not be enough people willing to spend the extra $5.02 a month that Netflix costs simply to get access to a lot of the more obscure (and less family-friendly) DVD titles Wal-Mart isn’t going to carry. Most people who rent movies aren’t exactly going to be pissed that Wal-Mart carries only one Dusan Makavejev film.

http://www.engadget.com/entry/1234000510026849/

$7.6 Million "Wal-Mart FLW Tour To Kick Off On Lake Okeechobee

by
Dave Washburn, communications / FLW Outdoors
Page(s): 1
(Jan. 10, 2005 - CLEWISTON, FL.)... The $7.6 million Wal-Mart FLW Tour will kick off its 10th year of competition Jan. 19-22 with a $900,000 event presented by EverStart Batteries on
Lake Okeechobee in Clewiston, Fla. Hosted by Roland and Mary Ann Martin’s Marina and Resort, the tournament features 400 anglers from the United States, Japan, Spain and Australia, with 200 of the world’s best bass pros fishing for a top award of $100,000 cash. Two hundred co-anglers will also compete for a top award of $20,000 cash.

http://www.fishingworld.com/News/Read.php?ArtID=000013683

Wal-Mart Supercenter coming to city
By: Tim Kalich, Editor
January 10, 2005
Retail giant to move forward with development this year
Wal-Mart is going to put a Supercenter in Greenwood, its store manager confirmed today. Odessa Sumlin said details for the relocat

http://www.zwire.com/site/news.cfm?newsid=13716558&BRD=1838&PAG=461&dept_id=104621&rfi=6

Wal-Mart to Top $500 Billion by 2010, New Retail Forward Study Reports
JANUARY 11, 2005 -- COLUMBUS, OH — Following a rocky start to the holiday 2004 season, Wal-Mart eeked out the performance that was expected of it after all. But can it continue to outdo itself time and time again? By 2010, Wal-Mart will top $500 billion and will own 12% of all non-auto/non-gasoline retail sales in the United States, forecasts Retail Forward.

http://www.retail-merchandiser.com/retailmerchandiser/headlines/article_display.jsp?vnu_content_id=1000750337

Wal-Mart starts national ad campaign to redeem image
NEW YORK: Wal-Mart Stores Inc, the world’s biggest retailer, has launched a national advertising campaign to repair an image tarnished by allegations that it discriminates in hiring and promotions and drives smaller rivals out of business.

http://biz.thestar.com.my/news/story.asp?file=/2005/1/15/business/9904981&sec=business

We're a super store, says Wal-Mart
WAL-MART, the owner of the UK’s second-largest supermarket chain Asda, has launched a national advertising campaign in the United States in a bid to present a better image of itself.
In the past, its name has been associated with negative claims about its hiring practices, stance toward unions and behaviour toward competitors.

http://business.scotsman.com/retail.cfm?id=48572005

Wal-Mart critics aren't appeased
By Lorrie Grant, USA TODAY
Critics derided as self-serving Wal-Mart's national advertising and public relations effort, rolled out on Thursday, that aims to answer detractors by highlighting fair labor policies, health benefits, merchandise sourcing practices and more. (Related:
Wal-Mart CEO vows 'unfiltered truth')

http://www.usatoday.com/money/industries/retail/2005-01-13-wal-mart-usat_x.htm

Wal-Mart Says January Same-Store Sales Rise Within Its Forecast
Jan. 15 (Bloomberg) -- Wal-Mart Stores Inc., the world's largest retailer, said January sales are rising within its forecast for a gain of as much as 4 percent as shoppers bought more food and redeemed gift cards.

http://quote.bloomberg.com/apps/news?pid=10000006&sid=a25CK3UL9WC4&refer=home

Wal-Mart: Jan. sales within forecast
By
Carla Mozee, CBS MarketWatch
Last Update: 1:39 PM ET Jan. 15, 2005
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SAN FRANCISCO (CBS.MW) - Wal-Mart Stores said Saturday that U.S. same-store sales for January are rising within its forecast for 2 percent to 4 percent growth.

Wal-Mart (
WMT: news, chart, profile) said shoppers purchased more food than general merchandise during the week ended Jan. 15, reversing last week's trend.

http://cbs.marketwatch.com/news/story.asp?guid=%7B754D9E6E-FBB0-43F8-A9B0-4D318B274C26%7D&siteid=google&dist=google

Highland Village debating Wal-Mart project
Some say there'd go the neighborhood; others want the tax revenue
08:30 PM CST on Saturday, January 15, 2005
By KEVIN KRAUSE / The Dallas Morning News
HIGHLAND VILLAGE – Some have already begun to take sides.
But on Tuesday night, Highland Village residents can attend a public hearing at the scheduled planning and zoning meeting to hear the pros and cons of a proposed 203,000-square-foot Wal-Mart as the anchor of a retail development.

http://www.dallasnews.com/sharedcontent/dws/news/localnews/stories/011605dnmetwalmart.62565.html

POLICE ARREST SUSPECT SOON AFTER WAL-MART BOMB THREAT
BY CHRISTI MATHIS
FOR THE SOUTHERN
DU QUOIN -- Less than an hour after a bomb threat caused a lengthy evacuation of the Du Quoin Wal-Mart store, police arrested a suspect and charged him with placing a call claiming a chemical bomb had been placed in the store's duct system.

http://www.thesouthern.com/articles/2005/01/15/local/doc41e91a69aa8a5711373222.txt

Voters probably like Wal-Mart

Last Updated: January 15, 2005, 04:55:20 AM PST
In response to the Jan. 4 letter "Wal-Mart Threatens the American Way": The Turlock City Council, acting on behalf of the large grocery store owners, said no, not Turlock voters. I maintain that if the choice were actually left to voters, we would soon have our own Super Wal-Mart.

http://www.modbee.com/opinion/letters/story/9773927p-10637138c.html

Darkness lurks behind Wal-Mart smiley face
By Peter Chianca/ At Large
Sunday, January 16, 2005
The article you requested is now archived or expired off the site.
I don't know about you, but I sort of miss the days when Wal-Mart was harmless. You know, back when they were just a mammoth conglomerate putting small retailers out of business and forcing manufacturing jobs overseas, thus helping to cripple the U.S. economy. They were almo...

http://theedge.bostonherald.com/lifeNews/view.bg?articleid=63794

Wal-Mart plan denied by panel
By Shirley Jinkins
Star-Telegram Staff Writer
ARLINGTON - Planning and Zoning commissioners denied a proposal to build a 229,949-square-foot Wal-Mart Supercenter at Little Road and U.S. 287 at their regular meeting Wednesday.

http://www.dfw.com/mld/dfw/news/10660189.htm

Wal-Mart's runoff system has worked well, officials say
NEWS TRIBUNE
The success of Hermantown Wal-Mart's current storm-runoff system is critical in discussions about the proposed Wal-Mart expansion.

http://www.duluthsuperior.com/mld/duluthsuperior/10656317.htm

Wal-Mart expects 2-4% sales increase
Wal-Mart Stores expects its January same-store sales to increase by 2 percent to 4 percent over last year, which is in line with its previous forecast.

http://triad.bizjournals.com/triad/stories/2005/01/17/daily9.html?jst=b_ln_hl

Two Struck By Car In Wal-Mart Parking Lot
Couple In Serious Condition
POSTED: 5:12 pm EST January 17, 2005
UPDATED: 6:27 pm EST January 18, 2005
PEMBROKE PINES, Fla. -- A couple visiting Florida from Colombia were struck by a car and critically injured in a Wal-Mart parking lot Monday afternoon.

http://www.nbc6.net/news/4090187/detail.html

Wal-Mart Forecasts January Sales Growth at 2-4 Percent
1/17/05 11:37:36 AM
By Arkansas Business staff, Arkansasbusiness.com Daily Report
Wal-Mart Stores Inc. said in a Saturday sales briefing that it expects U.S. same-store sales to rise 2 percent to 4 percent in January, in line with its previous prediction.

http://arkansasbusiness.com/news/headline_article.asp?aid=39674

Wal-Mart likes high-tech tags
By Greta Guest
Knight Ridder Newspapers

NEW YORK — Wal-Mart declared radio frequency identification (RFID) a success yesterday and announced plans to expand the pilot program to 600 stores and a dozen distribution centers by fall.

http://seattletimes.nwsource.com/html/businesstechnology/2002153205_rfid18.html

CPSC, Wal-Mart Stores, Inc. Announce Recall of Slow Cookers
Tuesday January 18, 3:34 pm ET
WASHINGTON, Jan. 18 /PRNewswire/ -- The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, today announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. (To access color photos of the following recalled product, see CPSC's Web site at
http://www.cpsc.gov.)

http://biz.yahoo.com/prnews/050118/dctu057_1.html

Wal-Mart Workers at a Second Quebec Store Join Union (Update3)
Jan. 19 (Bloomberg) -- Employees at a second Quebec outlet of Wal-Mart Stores Inc. won the right to bargain with the world's largest retailer after the province's labor board approved their entry into a union.

http://www.bloomberg.com/apps/news?pid=10000082&sid=aOilRn_a4KTI&refer=canada

Wal-Mart and CITIC plan hundreds of China stores
HONG KONG: The world’s largest retailer, Wal-Mart Stores Inc, will team up with CITIC Pacific Co Ltd to open hundreds of stores in China, a booming but increasingly competitive market, over the next five years, the Beijing-backed conglomerate said yesterday.

http://biz.thestar.com.my/news/story.asp?file=/2005/1/20/business/9948739&sec=business

Wal-Mart first step in area's development
Some residents concerned about traffic
By
KATHY WAGSTAFF
The Atlanta Journal-Constitution
Published on: 01/20/05
When Jack and Mary Ann Lockaby moved their family to Cherokee County in 1975, Eagle Drive was a dirt road, and children could run through the woods to Lake Allatoona without seeing a house or a person.

http://www.ajc.com/metro/content/metro/cherokee/0105/20walmart.html

Rookie Lane Leads $900,000 Wal-Mart FLW Tour Event on Lake Okeechobee
Wednesday January 19, 7:28 pm ET
CLEWISTON, Fla., Jan. 19 /PRNewswire/ -- The Wal-Mart FLW Tour's 10th anniversary season is officially under way on Lake Okeechobee with rookie pro Bobby Lane of Lakeland, Fla., leading the pack thanks to an opening-day limit of five bass weighing 23 pounds, 8 ounces. Lane, who is fishing his first FLW Tour event after earning 11 top-10s in EverStart Series and Wal-Mart Bass Fishing League competition the last three years, opened a 12-ounce lead over second-place pro Jerry Green of Justiceburg, Texas, in his quest for a $100,000 payday in the first of seven FLW Tour events that will award a record $7.6 million in 2005.

http://biz.yahoo.com/prnews/050119/clw087_1.html

Moore nominated for Directors Guild award
Associated Press
Thursday, January 20, 2005
Los Angeles —
Michael Moore has been nominated by the Directors Guild of America for directorial achievement in documentary filmmaking for Fahrenheit 9/11, his assault on President Bush's actions regarding the Sept. 11 attacks.
The guild also nominated Jehane Noujaim for Control Room. She won the award for 2001's Startup.com.
The full text of this article has 132 words.

http://www.theglobeandmail.com/servlet/Page/document/v4/sub/MarketingPage?user_URL=http://www.theglobeandmail.com%2Fservlet%2Fstory%2FRTGAM.20050120.wmoor20%2FBNStory%2FEntertainment%2F&ord=1109638683756&brand=theglobeandmail&force_login=true

Alameda County suit alleges Wal-Mart cheated workers
Three former Wal-Mart employees, including one who worked at the company's San Leandro store, have filed suit in Alameda County Superior Court alleging that Wal-Mart manipulated their time cards to cut their pay.

http://sfgate.com/cgi-bin/article.cgi?f=/gate/archive/2005/01/20/walmart20.DTL

Wal-Mart faces another unionized store in Quebec
By MARINA STRAUSS
RETAILING REPORTER
Thursday, January 20, 2005, Page B4
Wal-Mart Canada Corp. faces a second unionized store in Quebec as the world's largest retailer scrambles to polish its overall image.
Employees at the Wal-Mart in Saint-Hyacinthe, Que., were certified as a bargaining unit by the Quebec Labour Relations Commission this week. The commission found that a majority of the workers had signed cards with United Food and Commercial Workers Canada.

http://www.theglobeandmail.com/servlet/Page/document/v4/sub/MarketingPage?user_URL=http://www.theglobeandmail.com%2Fservlet%2FArticleNews%2FTPStory%2FLAC%2F20050120%2FRWALMART20%2FTPBusiness%2FCanadian&ord=1109639906489&brand=theglobeandmail&force_login=true

Wal-Mart clears a hurdle
Zoning panel OKs controversial plan; council to weigh in next
07:27 PM CST on Thursday, January 20, 2005
By TOYA LYNN STEWART / The Dallas Morning News
The Highland Village Planning and Zoning Commission approved a 66-acre retail development project that would be anchored by a 20-acre Wal-Mart Supercenter, sending the issue to the City Council.

http://www.dallasnews.com/sharedcontent/dws/news/city/denton/stories/012105dndenWalmart.6753a.html

Study shows thousands of Wal-Mart employees on TennCare
CHATTANOOGA, Tenn. (AP) - A study shows that thousands of Wal-Mart employees are on TennCare, the state's expanded Medicaid program, providing fodder for critics who say the retail giant and other businesses are shifting costs for low-paid employees onto the backs of taxpayers.

http://www.wkrn.com/Global/story.asp?S=2835685

Abducted Wal-Mart Clerk's Body Found
Newsday - Long Island,NY,USA
TYLER, Texas -- A college student whose abduction was captured on a surveillance videotape as she was leaving her clerk's job at a Wal-Mart was found shot to ...

Kennedy Retains Lead on Day Three of $900,000 Wal-Mart FLW Tour Event on Lake Okeechobee
Friday January 21, 7:20 pm ET
CLEWISTON, Fla., Jan. 21 /PRNewswire/ -- Pedigree pro Steve Kennedy of Auburn, Ala., caught a five-bass limit weighing 17 pounds, 4 ounces Friday to retain his lead in the $900,000 Wal-Mart FLW Tour stop on Lake Okeechobee. The event, which is presented by EverStart Batteries, featured 200 pros in the hunt for a top award of $100,000 cash. Only 10 anglers remain, however, as the tournament draws to a close Saturday.

http://biz.yahoo.com/prnews/050121/clf060_1.html

Wal-Mart and Home Depot Opening Wednesday
When the mega-retailers open their doors Wednesday, look for Wal-Mart and Home Depot hosting mini-events.
Advertisement

Both stores are spreading out the grand-opening activities over a period of time after the formal ribbon-cuttings. Home Depot will have several days’ worth of mini events, and Wal-Mart will stretch its grand-opening activities over the next couple of weeks. However, not all plans are confirmed yet, so details on some have not been publicized.

http://www.zwire.com/site/news.cfm?BRD=2068&dept_id=387472&newsid=13801624&PAG=461&rfi=9

January 22, 2005

Abducted TX Wal-Mart Clerk's Body Found
WFIE-TV - Evansville,IN,USA
UPDATE, SAT 5PM: Authorities in Texas say an abducted Wal-Mart clerk was apparently chosen over other possible victims. The police ...

Wal-Mart: Jan. same-store sales in line
Discovering the power of credit
By
Carla Mozee, MarketWatch
Last Update: 1:45 PM ET Jan. 22, 2005
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SAN FRANCISCO (CBS.MW) - Same-store sales at Wal-Mart's U.S. locations are moving in line with its forecast for 2 percent to 4 percent growth in January, the company said Saturday.
For the week ended Jan. 22, shoppers at the world's largest retailer purchased more food items than general merchandise.

http://cbs.marketwatch.com/news/story.asp?guid=%7B9EB3264B-AE2B-466D-BB04-DDB4B9B670B7%7D&siteid=google&dist=google

Wal-Mart Says January Sales Are Rising Within Its Forecast
Jan. 22 (Bloomberg) -- Wal-Mart Stores Inc., the world's largest retailer, said January sales are rising within its forecast for a gain of as much as 4 percent as shoppers purchased food more than general merchandise.

http://quote.bloomberg.com/apps/news?pid=10000006&sid=a47vG09PSXmo&refer=home

Jordon Wins $900,000 Wal-Mart FLW Tour Season Opener on Lake Okeechobee
Saturday January 22, 5:46 pm ET
CLEWISTON, Fla., Jan. 22 /PRNewswire/ -- Pro Kelly Jordon of Mineola, Texas, caught four bass weighing 23 pounds in the final hours of the Wal-Mart FLW Tour season opener presented by EverStart Batteries on Lake Okeechobee to earn the first $100,000 winner's check of the tour's 10th anniversary season -- a season in which the top bass anglers in the world will earn $7.6 million in seven events.

http://biz.yahoo.com/prnews/050122/nysa012_1.html

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