A group of Wal-Mart workers are planning to stage a walkout next week on Black Friday, arguably the biggest holiday shopping day for the world's largest retail store.
The walkout builds on an October strike that started at a Wal-Mart in Los Angeles and spread to stores in 12 other cities.
More than 100 workers joined in the October actions.
One of the workers who plans to join next week's walkout is William Fletcher, who works at a Wal-Mart in Duarte.
From the pain at the pump To the higher tax pinch in the paycheck. Consumers have less money to spend- at places like Wal-Mart. The top retailer reported disappointing sales in its fiscal fourth quarter- and says current sales have been flat. Greencrest Capital Chief Economist Max Wolff: "It speaks to a persistently high unemployment level, very low savings rates, house prices under water and the fact that the average American worker hasn't gotten a raise in 5 years."
What happens at Wal-Mart often reflects what's happening with overall consumer spending, but consumer sentiment is now splitting among the lower income groups and those in middle and upper brackets, Heard on the Street's Justin Lahart joins Markets Hub.
Wal-Mart will stop selling Amazon's Kindle, becoming the latest traditional bricks-and-mortar retailer to say no to the signature product of one of its fiercest rivals. George Stahl has details on The News Hub.
An aggressive Wal-Mart ad campaign that claims better prices than specific competitors has rankled rivals, which have complained to attorney generals in more than half a dozen states. WSJ's Shelly Banjo has details.
Highly anticipated earnings results from Wal-Mart Stores, Inc. (NYSE: WMT), the world’s largest retailer, have analysts with mixed expectations. Here’s an earnings preview for Wal-Mart: Retail giant Wal-Mart will release first-quarter fiscal 2014 results before the market opens on Thursday, May 16 amid concern that the company will report slower growth after tax hikes, from the expiration of the payroll tax cuts, and a delay in tax refunds may have hurt consumer’s pocketbooks. Wal-Mart bla