Friday headline roundup

Wal-Mart wrestles down inventory ahead of holiday push (The City Wire, 9/19/2013)

“‘Additionally, we believe one of the key issues leading to heavy inventory is the lack of labor in the stores to get the inventory out of the back rooms and onto the sales floor,’ the Cleveland analysts noted.”

 

Wal-Mart Sells Coors About at Cost to Be Largest Beer Seller (Bloomberg, 9/16/2013)

“While founder Sam Walton frowned on drinking to excess, selling cheap suds is a way to lure shoppers who typically buy other products at the same time. Repeat visits are crucial for the world’s largest retailer, which last month cut its profit forecast and reported second-quarter profit and sales that missed analysts’ estimates.”

 

From JC Penney To Walmart, To Macy’s And Kohl’s, It’s Going To Be A Tough Holiday Season This Year (Forbes, 9/16/2013)

“As a result of these factors I believe that most retailers will promote and hope that strong sales will create leverage on selling costs and other factors to boost overall profits. They will report their fourth quarter results two ways – 13 weeks vs. 13 weeks and will show reasonable profits, but will have a tough time to show positive GAAP results when comparing sales and earnings against the 14 week period of last year.”

 

Walmart withdraws controversial plan for Holyoke supercenter, citing site pollution (The Republican, 9/18/2013)

“Cleaning a contaminated site is a routine step, especially in a case like this where the land was never developed, said Marcos A. Marrero, director of the city Office of Planning and Economic Development. ‘It seems odd to me that that would be the nail in the coffin for a multimillion-dollar corporation,’ Marrero said.”

What do you think?