Wal-Mart Guns for Girl Scouts With Knockoff Cookies

Execs admit retail giant lost its way

(NEWSER) - Walmart is suffering its worst-ever slump in US sales and is widely expected to post more disappointing figures when it reports earnings today. Analysts say the retail giant's woes are the result of its failure to follow founder Sam Walton's formula of providing ordinary Americans with "every day low prices." Instead, the chain—facing stiff competition from rivals like Target—chose to offer "rollback" discounts on some products while hiking the price of others. More»

(NEWSER) - President Obama has a big new supporter in his push for health-care reform: Wal-Mart. The nation's largest private employer reversed course today and told the White House it supports the idea of requiring large employers to provide health insurance to workers. Most large corporations, along with the US Chamber of Commerce, oppose an employer mandate as too costly. Wal-Mart's shift could give Obama momentum on one of the most controversial aspects of his reform plans, reports the Wall Street Journal. More»

(NEWSER) - In theory, Target should be thriving in the recession because it's a discount retailer. In reality, it's in a funk, even as rival Wal-Mart flourishes, reports Time. The difference? Target is viewed as a place to buy nice clothes at nicer prices—and right now, nice clothes seem like a luxury. Target’s profits fell a whopping 22.3% last year, while Wal-Mart has seen 22 straight months of growth. More»

Thicker plastic requires more energy to produce, decomposes slower

(NEWSER) - Reusable shopping bags are this year's “it” giveaway, but they may not be as green as their feel-good slogans—like “Save the world” and "I used to be a plastic bag"—claim. The problem is that old habits die hard—many people simply forget to reuse them, the Wall Street Journal reports. And that's troublesome because the trendy bags take 28 times more energy to produce than a traditional plastic bag, decompose slower, and often arrive on oil-powered transport from China. More»