Wal-Mart stores News

Wal-Mart Stores Inc , vying to better challenge Amazon.com Inc , will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup.

Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its full-year forecast on Tuesday, citing investments in staffing and weaker margins in its U.S. pharmacy business.

The change is effective as of the end of the company`s annual shareholders` meeting today, near the company`s headquarters in Bentonville, Arkansas.

Wal-Mart Stores said it will start disclosing directly to investors what it spends on lobbying on a state-by-state basis, responding to shareholder pressure to improve transparency on how the retailing giant seeks to influence public policy.

Wal-Mart Stores said it will start disclosing directly to investors what it spends on lobbying on a state-by-state basis, responding to shareholder pressure to improve transparency on how the retailing giant seeks to influence public policy.

Wal-Mart Stores Inc , long criticised for its low wages and employee benefits, said it would spend more than $1 billion to increase pay for half a million US employees this year.

With the development of a new mobile payment system, a group of retailers led by Wal-Mart Stores is aiming to upend the $4.5 trillion credit card market and control the precious transaction data generated at the checkout line.

Wal-Mart Stores on Thursday posted a slight profit rise for its fiscal second quarter, as the world`s largest retailer struggles with weak US same-store sales.

Wal-Mart Stores Inc will launch its business-to-business e-commerce platform in the Indian cities of Lucknow and Hyderabad in the first week of July, its India boss said on Friday.