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Wal-Mart whittles merchandise to boost sales
Summary from United States, from articles in English
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Despite falling consumer confidence and gas prices that teetered around $4 a gallon, retailers said Thursday that same-store sales for May were stronger than expected, touching off a stock market rally that lifted the main indexes nearly 2 percent. (article 8)
ROGERS, Ark. - Wal-Mart Stores Inc. is using lessons from its U.S. operations such as multiple store formats and environmental sustainability to help grow its international business, whose sales increased almost 18 percent to $90.6 billion last year. (article 3)
Same-store sales, or sales at stores opened at least a year, in Wal-Mart Brazil's division were up 9.2 percent in its fiscal first quarter. (article 3)
On Thursday, the day before its annual shareholders' meeting, Wal-Mart reported a 3.9 percent increase in same-store sales in May, much better than the 1.6 percent gain that analysts surveyed by Thomson Financial expected. (article 2)
NEW YORK Consumers stepped up their shopping in May after tax rebate checks hit mailboxes, giving many of the nation's retailers stronger than expected sales for the month. (article 6)
NEW YORK - Tax rebate checks gave consumers a little extra money in their pockets during May, but most were still spending conservatively, buying necessities such as food and gas and shying away from splurging on clothing or furniture. (article 7)
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Event tracking:
Story keywords
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wal, mart, Sales, stores, percent |
Source articles
- Wal-Mart whittles merchandise to boost sales (boston.com, 06/05/2008, 562 words)
- Wal-Mart benefits from new merchandising focus (Washington Post, 06/05/2008, 606 words)
- Wal-Mart's international business borrows from US (boston.com, 06/05/2008, 302 words)
- Wal-Mart’s Detractors Come In From the Cold (nytimes.com, 06/05/2008, 759 words)
- TECH CHRONICLES (sfgate.com, 06/05/2008, 172 words)
- Retailers report May results above expectations :: CHICAGO SUN-TIMES :: Business (suntimes.com, 06/05/2008, 859 words)
- Retailers report May results above expectations (seattletimes.nwsource.com, 06/05/2008, 996 words)
- Retailers Post Surprising Sales (nytimes.com, 06/06/2008, 754 words)
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blaster@cs.columbia.edu
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