Here’s this week’s run-down of Wal-Mart Stores Inc. (NYSE:WMT) news briefings. Wal-Mart Stores Inc. (NYSE:WMT) shares ended the week at 52.04 (as of 9/3/2010).
Weekly News Roundup: Wal-Mart Stores Inc. (NYSE:WMT)
Monday 30 August
The world’s largest retailer, Wal-Mart Stores, Inc. (NYSE:WMT), has asked the Supreme Court to stop a sex-discrimination case brought against the company by its women workers, according to a court filing on Wednesday.
Wal-Mart Stores Inc. is appealing the class-action status of the lawsuit, which alleges that Wal-Mart (NYSE:WMT) “practised widespread discrimination in its pay and promotion practices.”
Tuesday 31 August
Wal-Mart Stores, Inc. (NYSE:WMT) said that with the economic downturn, American consumers are more cost conscious than ever before.
As such they’re looking for ways to save their dollars, and the company says at its Sam’s Club division, coupon redemption was up by 29% — the first such increase since 1992.
According to Wal-Mart, however, shoppers are still only redeeming less than 1% of all coupon offers.
We’ll be keeping a close eye on the Wal-Mart Stores Inc. (NYSE:WMT) stock price for changes over the next couple of weeks.
