Walmart

Bentonville, Ark. -- Wal-Mart Stores is cutting gas prices by 10-cents a gallon for three months to help consumers worried about their spending amid a sputtering economy and busy summer travel season. The chain said that customers visiting participating Murphy USA and Walmart gas stations in 18 states through Sept. 30 will receive a discount on all fuel, gas and diesel purchases when they use a reloadable Walmart gift card, Walmart MoneyCard or a Walmart credit card.

New York City -- Wal-Mart Stores spent $2.42 million on lobbying in the first quarter on issues ranging from organized crime to food safety, as well as nutritional labeling, according to a recent disclosure report, the Associated Press said.

New York City -- The Private Label Manufacturing Association reported Tuesday that store brands have capped a decade of strong growth by posting sales increases across all three of the major retail channels in 2010 and pushing dollar market share to new all-time highs in supermarkets, drug stores and total outlets.

NEW YORK — Trucks that operate around major U.S. ports tend to be heavier polluters than their over the road counterparts but that situation could change thanks to a new initiative that has drawn support from major retailers and government and non-government entities.

The most recent iteration of a pricing study conducted by Credit Suisse shows Target was 4.7% more expensive on a basket of items in Chicago and Dallas compared with 4% the prior month. 

MINNEAPOLIS — Target last week announced that Target Canada has reached an agreement to transfer to Walmart Canada the leasehold interests in up to 39 sites, currently operated by Zellers.

Specific locations will be identified later this fall. Terms of this transaction were not disclosed.

Janney Montgomery Scott analyst David Strasser downgraded shares of Target to neutral from buy on Monday. In doing so he cited some familiar concerns about the challenging competitive environment, rising input costs and anticipated difficulties passing through price increases to cash-strapped shoppers thereby negatively affecting gross margins.

During a question-and-answer style interview in Monday’s USA Today, Target chairman, president and CEO Gregg Steinhafel shared his thoughts on a wide range of topics including Walmart, inflation, designers and competition.