Edition:
United States

Wal Mart Stores Inc (WMT)

WMT on New York Consolidated

71.61USD
28 Sep 2016
Change (% chg)

$-0.72 (-1.00%)
Prev Close
$72.33
Open
$72.22
Day's High
$72.32
Day's Low
$71.38
Volume
3,078,993
Avg. Vol
8,383,758
52-wk High
$75.19
52-wk Low
$56.30

Latest Key Developments (Source: Significant Developments)

Wal-Mart to sell China e-commerce unit to JD.com
Monday, 20 Jun 2016 12:30pm EDT 

JD.com Inc : Walmart and JD.com announce strategic alliance to serve consumers across China . Says Walmart will receive 144,952,250 newly issued JD.com class A ordinary shares, amounting to approximately 5 percent of total shares outstanding . Agreement between companies includes a wide range of business initiatives, covering both online and offline retail . JD.com will take ownership of Yihaodian marketplace platform assets, including Yihaodian brand, website and app . Says will continue to operate Yihaodian direct sales business and will be a seller on Yihaodian marketplace . Morgan Stanley & Co. LLC acted as Walmart's financial advisor and Morrison & Foerster LLP acted as Walmart's legal advisor . Sam's Club China will open a flagship store on JD.com . Walmart's China stores will be listed as a preferred retailer on JD.com's O2O JV Dada .Orrick Herrington Sutcliffe LLP and Han Kun law offices acted as JD.com's legal advisors.  Full Article

Wal-Mart in discussions to sell Chinese e-commerce business to JD.com - CNBC, citing DJ
Monday, 20 Jun 2016 07:59am EDT 

: Wal-Mart in discussions to sell Chinese e-commerce business to JD.com , which could lead to broader tie-up with the two - CNBC, citing DJ (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Wal Mart says Sean Clarke appointed CEO of Asda
Monday, 13 Jun 2016 04:57am EDT 

Wal Mart : says Andy Clarke, president and ceo at asda, has decided to step aside . Sean Clarke will be ceo and president of asda effective July 11 . Roger Burnley will be named deputy ceo of asda .Dirk Van De Berghe, currently president and ceo of , Walmart Canada will take over leadership of Walmart China business.  Full Article

Wal-Mart to name China chief Sean Clarke as new Chief Executive of Asda- Sky News
Sunday, 12 Jun 2016 06:11pm EDT 

:Wal-Mart to name China chief Sean Clarke as new Chief Executive of Asda- Sky News.  Full Article

Equation Summit Ltd says unit enters into master service evaluation agreement with Walmart
Friday, 3 Jun 2016 05:33am EDT 

Equation summit limited : Equation summit limited (digital safety & walmart enter master service evaluation agreement) . digital safety pte ltd and Wal Mart Stores Inc signs master service evaluation agreement for disa's digital asset protection solution .  Full Article

Walmart & Sam’s club will pilot last-mile delivery with Uber, Lyft and Deliv
Friday, 3 Jun 2016 01:15am EDT 

Wal Mart Stores Inc: Walmart & Sam’s club will pilot last-mile delivery with Uber, Lyft and Deliv . Walmart will start with tests of grocery delivery through Uber and Lyft .Tests of grocery delivery to start within next two weeks in denver, one other market.  Full Article

Wal Mart Stores Q1 earnings per share $0.98
Thursday, 19 May 2016 07:02am EDT 

Wal Mart Stores Inc : Q1 earnings per share $0.98; Q1 net sales $115 billion, up 0.9 percent; Q1 total revenue $115.9 billion, up 0.9 percent . On a constant currency basis, Q1 total revenue was $119.4 billion, up 4 percent . Q1 earnings per share view $0.88, revenue view $113.22 billion -- Thomson Reuters I/B/E/S . Q1 e-commerce sales and GMV up 7 percent and 7.5 percent, respectively, globally on a constant currency basis . Sees Q2 earnings per share to range between $0.95 and $1.08 . Q2 earnings per share view $0.98 -- Thomson Reuters I/B/E/S . Sees Q2 Walmart U.S. comp sales to be up about 1 percent; sees Q2 Sam's Club comp sales, without fuel, to be slightly positive ."We are focused on building the e-commerce capabilities we need to drive growth to a higher level".  Full Article

Wal Mart reports Q1 consolidated constant currency net sales up 3.9 pct
Thursday, 19 May 2016 07:02am EDT 

Wal Mart Stores Inc : Q1 Walmart U.S. net sales $73.30 billion versus $70.25 billion . Q1 Walmart international net sales $28.08 billion versus $30.28 billion . Q1 Sam's Club net sales $13.61 billion versus $13.48 billion . Q1 Walmart U.S. comparable store sales (without fuel) up 1 percent . Q1 Sam's Club comparable store sales (without fuel) up 0.1 percent . Q1 total U.S. comparable store sales (without fuel) up 0.8 percent .Q1 consolidated net sales up 3.9 percent on constant currency basis.  Full Article

Dean Foods Presentation : Competed for and won a significant long-term agreement, totaling 40 million gallons annually, starting in June
Tuesday, 10 May 2016 09:40am EDT 

Dean Foods Co : Presentation- competed for and won a significant long-term agreement, totaling 40 million gallons annually, starting in june . Ceo- expect commodity costs to remain favorable as global production growth continues to outpace demand . Ceo - dialogue with wal-mart is ongoing, still believe impact from walmart's planned milk plant will not be material to our results . Ceo on conf call - estimate new contract plus friendly's acquisition to increase q2 volume growth rate by about 300 basis points. . Ceo on conf call - expect raw milk commodity costs to remain benign for rest of year (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Wal-Mart Stores Inc probe in final lap with scant China findings - Bloomberg - Reuters News
Friday, 18 Mar 2016 10:33am EDT 

Wal-Mart Stores Inc:U.S. prosecutors are in the final phase of a globe-spanning investigation into bribery allegations at Wal-Mart Stores Inc., according to people familiar with the matter, who said work in China has been bedeviled by disclosure rules and lack of evidence. - Bloomberg.As part of a four-year investigation into alleged corruption at the retail giant, Justice Department officials over the past few months have been interviewing former executives and others associated with Wal-Mart’s China operations, according to people familiar with the matter.Investigators haven’t found widespread corrupt payments to government officials there, said the people, who asked not to be named because the investigation is confidential.That’s consistent with results as investigators have chased bribery allegations across the globe, starting with Mexico.In November 2011, Wal-Mart disclosed possible violations in Mexico to the Justice Department and Securities and Exchange Commission.The New York Times reported in April 2012 that company officials in Mexico had paid $24 million in alleged bribes and then shut down an internal investigation.  Full Article

BRIEF-Walmart to process payments through Chasenet

* Chasenet offers businesses guaranteed, fixed-rate pricing for chase visa credit and debit payments for term of contract