May 6, 2004
CHICAGO - Less than a month after voters in Inglewood, Calif., rejected Wal-Mart's effort to build a store there, Wal-Mart was dealt another setback yesterday when the Chicago City Council postponed a vote on zoning changes that would have allowed it to open its first two stores here. The setbacks in Chicago and Inglewood reflect the increasing difficulty Wal-Mart is facing as it tries to push in to more urban markets. Most of Wal-Mart's more than 3,500 stores in the United States are in rural and suburban areas.
February 2, 2007
CHARLES CATE, 68 Grew rich on Wal-Mart stock Charles R. Cate, a manager of one of the first Wal-Mart stores whose $1,000 purchase of company stock in the 1960s made him rich, died of cancer Monday in Springdale, Ark. He retired from the Bentonville, Ark.-based company in 1981 at age 43, after joining it as a teenager. He managed one of the original Wal-Mart stores during a 27-year career. Mr. Cate's fortune was estimated at $100 million.
January 24, 1995
Wal-Mart halts Mexico expansionWal-Mart Stores Inc., one of the first and most aggressive U.S. retailers in Mexico, has suspended its 1995 Mexican expansion plans because of the five-week, 40 percent slide in the value of the peso, a company spokesman said yesterday.Wal-Mart, based in Bentonville, Ark., previously had planned to open 13 Sam's Club stores and 12 Wal-Mart Supercenters in Mexico in 1995, in conjunction with its Mexican partner, Cifra SA.
July 20, 2004
LOCALLY Digene Inc.Shares of the Gaithersburg maker of medical screening and diagnostic tests sank nearly 3.3 percent yesterday, wiping out all of their gains last week, after the company filed with the Securities and Exchange Commission to sell $90 million in stock and debt securities. NATIONALLY Wal-Mart Stores Inc. The world's biggest retailer reiterated its projections for June sales, which are expected to increase from 2 percent to 4 percent, most likely at the low end of that range.
June 7, 1991
CHICAGO -- Chain store sales were mostly up last month, evidence that consumer interest in new retail goods has begun to re-emerge, analysts said yesterday.While many retailers cited hot weather as a catalyst for purchases, especially in the Midwest, analysts said the trend showed an improvement in consumers' attitudes toward the economy.Some stores posted better-than-expected results.Of nine major retailers, five turned in their best performance since at least the start of the year, said David Kelly, a consumer specialist at Data Resources Inc. in Lexington, Mass.
March 24, 1994
Wal-Mart to enter Far EastWal-Mart Stores Inc. will sell its products in the Far East through Japan's Ito-Yokado Co. Ltd. supermarkets and Yaohan International Co. Ltd.'s department stores, spokesmen for the Japanese firms said yesterday.An Ito-Yokado spokesman said Wal-Mart, the largest U.S. retailer, will be allowed to offer its low-priced products to Ito-Yokado for sale in Japan in return for supplying management know-how.Sandoz offers cheaper drugSandoz Pharmaceuticals Corp. yesterday introduced a new cholesterol-reducing drug that will sell for half the price of similar medications, putting pressure on competitors to cut their prices.