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Walmart, the world's largest retailer, has seen better days. Yes, profits rose 22%, to $4.63 billion, in the fourth quarter of '09. Even coming out of the Great Recession, many consumers are trading down to shop at the discount superstore. However, for the third straight quarter the store saw negative same-store sales growth; during the last three months of 2009, same-store sales dropped 2%. Overall traffic in Walmart stores was down too. To Walmart executives and investors, this disturbing trend has to be reversed; despite the earnings growth, Walmart's stock fell 1.1% on the day earnings...

Author: /time Magazine | Title: Walmart, Suffering a Rare Slump, Fights Back on Prices | 3/20/2010 | See Source »

...course, Walmart won't get pounded on price for long. "The time has finally arrived!" Weinswig wrote in a research note. "WMT [Walmart's stock symbol] is lacing up the gloves in the fight to win the modern day price war in food retail in 2010." Weinswig found that a 2-liter bottle of Coca-Cola, which recently cost the consumer $1.58 at a New York City-area Walmart, was now selling at the same store for 98 cents. "You're not going to ignore that," says Weinswig. "That's 'wow' pricing, and you'll think twice about going somewhere...

Author: /time Magazine | Title: Walmart, Suffering a Rare Slump, Fights Back on Prices | 3/20/2010 | See Source »

...welfare recipient, were seen plunging 17 meters to the sea from the Tsing Yi Bridge, near the city's container port. The mother's body was quickly retrieved, but except for a red schoolbag, there was no trace of the boy until March 4. On that day, his body was finally hauled out of the water, and Hong Kong notched up a peculiarly grim statistic: it was the third instance in a month of a mother killing herself and wanting her child to die along with...

Author: /time Magazine | Title: Hong Kong: Parent-Child Suicides Are Rising | 3/19/2010 | See Source »

...International organizations and local activists say this is leading to severe neglect of the environment. In a March 16 report, the U.N. Environment Programme said the Olympic construction sites are causing irreversible damage to the region's ecosystem. Greenpeace Russia followed with a statement a day later, reporting that the Mzymta River valley running between the planned Olympic venues is being polluted with heavy metals and industrial waste, destroying the habitats of the local bear and bird populations. "So far, practically everything that we supposedly agreed to with the government and the contractors has in the best case remained only...

Author: /time Magazine | Title: Trouble in Sochi: Russia's Mounting Olympic Problems | 3/19/2010 | See Source »

...pictures of Russia celebrating Victory Day...

Author: /time Magazine | Title: Trouble in Sochi: Russia's Mounting Olympic Problems | 3/19/2010 | See Source »

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