Americans are seeing the highest levels of inflation in four decades. Earnings from retailers are showing a split in shopping patterns even as prices of everything ranging from toothpaste to TVs have curbed the spending habits of US consumers. While… Read More ›
In a statement, Verizon Communications Inc said, it would raise the minimum wages for its existing and new customer service, retail and inside sales employees to $20 an hour following a tightening of the labor market and rising inflation. In recent… Read More ›
In efforts aimed at supporting a delivery network that is increasingly being taxed by the COVID-19 induced fueled online shopping, United Parcel Service Inc said, it will be hiring 100,000 workers for the winter holiday shopping season. UPS, the world’s… Read More ›
In a development that sees Walmart Inc ramping efforts to compete with rival Amazon.com Inc’s Prime membership program, Walmart unveiled its own membership program, Walmart Plus, which grants subscribers unlimited free delivery, fuel discounts and the option of zero checkout… Read More ›
If the development has cascading effect and more retailers pull J&J’s baby talc powder from shelves, it could significantly impact its earnings. Already J&J is facing lawsuits over allegations of asbestos in its talc. Following U.S. healthcare conglomerate Johnson &… Read More ›
In China, Walmart will be in a tough environment and will be competing with the likes of Alibaba Group Holding Ltd and Tencent Holdings Ltd who have cut deals to combine online and high street shopping. In a significant development,… Read More ›
Walmart’s strategy to exit Britain, one of its weakest performers in its global portfolio, has effectively been blocked. Facing limited options, here’s an examination of the issue, its implications for Walmart and a potential way around it. In a significant… Read More ›
The firm’s strategic decision to voluntarily file an early protection from bankruptcy in October 2018, gave it some much needed breathing room. On Thursday, Steinhoff International stated its Mattress Firm Inc unit, the largest mattress retailer in the United States,… Read More ›
The strategic move by Wal-Mart represents a direct challenge to Amazon’s strategy of dominating the e-commerce space in India, Asia’s third largest economy. As per two sources familiar with the matter at hand, Wal-Mart Inc is in talks to purchase… Read More ›
The development marks Walmart’s push to improve customer experience on its website as well as in its brick-and-mortar stores with virtual reality. Store No. 8, Walmart Inc’s technology incubator, disclosed it has acquired Spatialand, a virtual reality startup, to build… Read More ›
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