TITLE

Minor Change, Big Impact

AUTHOR(S)
Marshall, Jeffrey
PUB. DATE
November 2000
SOURCE
Financial Executive;Nov/Dec2000, Vol. 16 Issue 6, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article states that a change in accounting practice for consumer layaways at Wal-Mart Stores Inc. influenced the department store's third-quarter earnings. Wal-Mart's decision to wait until the consumer paid off the entire layaway balance before recording it as earnings or posting it at the same time as the sale led to a financial market reaction. Investors started selling off shares--in spite of the fact that the company had a quarterly net gain--which made the company's stock price drop by 7.6 percent on the day of the announced revision.
ACCESSION #
11899297

 

Related Articles

  • WWD STOCK INDEX DIPS. Burrows, Dan // WWD: Women's Wear Daily;9/20/2004, Vol. 188 Issue 61, p12 

    Presents information on the WWD Composite Stock Index in the U.S. in September 2004. Impact of hurricane Ivan on the shares of retailer Wal-Mart Stores Inc.; Stock performance of Federated Department Stores Inc.; Shares of specialty retailer Gap Inc.

  • Walmart To Fill Failed Big Box at Mall. Carr, Robert // National Real Estate Investor Exclusive Insight;2/14/2013, p8 

    The article reports that Walmart has agreed to take over a former Mervyn's department store located at County Fair Fashion Mall in Woodland, California, which is a mall anchored by JCPenney, Burlington Coat Factory and Cinemark theaters.

  • Chicago's 2nd Walmart Breaks Ground. Sardin, Thelma // Chicago Citizen - South End Edition;7/27/2011, Vol. 44 Issue 25, p2 

    The article reports that departmental chain Wal-Mart Stores Inc. is opening its second Walmart Supercenter in Chatham neighborhood of Chicago, Illinois.

  • Play it again Sam... play it. Fernie, John // Food Manufacture;Oct2004, Vol. 79 Issue 10, p22 

    Reports on the rise of Wal-Mart, a small family firm from Arkansas, to the world's largest company in a mere 40 years. Driveforce of Wal-Mart's success; Founder of Wal-Mart; Branches outside the country.

  • Wal-Mart to start work on Valley store. McLean, Mike // Journal of Business (10756124);11/17/2011, Vol. 26 Issue 24, pA3 

    The article reports that Wal-Mart Stores Inc. plans to start the construction of their estimated 11.6 million-dollar and 160,000-square-foot supercenter store in Spokane Valley, Washington in November 2011 and is expected to be completed within 14 months.

  • Wal-Mart eyes Broadway units.  // WWD: Women's Wear Daily;6/19/1996, Vol. 171 Issue 119, p12 

    Reports on the negotiation efforts of Wal-Mart to purchase former Broadway unit at the Panorama Mall from Federated Department Stores. Store size; Proposed store opening plans.

  • Off the air, but on the ball. Negley, Jennifer // Home Textiles Today;10/30/2000, Vol. 22 Issue 9, p20 

    Comments on United States-based retailer Wal-Mart Stores' relaunching of its Web site. Wal-Mart's creation of a profitable web site; Linchpin of firm's strategy for United States growth; Foray into international retailing.

  • Raising the barn in Amish country. Heller, Laura // Discount Store News;6/7/99, Vol. 38 Issue 11, p100 

    Provides information on the micromerchandising effort of Wal-Mart Stores in South Bend, Indiana. How the company assessed the community for its products; Primary source of Wal-Mart concerning the people's buying habits in the area; Contribution of Wal-Mart on the projects of the community.

  • More to mayonnaise than meets the eye.  // Discount Store News;6/7/99, Vol. 38 Issue 11, p105 

    Focuses on the micromerchandising effort of Wal-Mart Stores Inc. in its Randleman, North Carolina store. Factors that make the store successful in the South Carolina market; Pet foods offered by the micromerchandising effort of the company.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics