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WEATHER ALERT

6 warnings and 3 advisories in effect for 8 regions in the area

DOUG MCMILLON


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4 hours ago

Trump drafts America's business titans to burnish his image at home and abroad

Read full article: Trump drafts America's business titans to burnish his image at home and abroad

President Donald Trump isn’t the only one who wrapped up a Middle East tour in recent days.

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2 days ago

Trump's tariffs may mean Walmart shoppers pay more, his treasury chief acknowledges

Read full article: Trump's tariffs may mean Walmart shoppers pay more, his treasury chief acknowledges

Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices.

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3 days ago

Trump warns Walmart: Don't raise prices due to my tariffs but do eat the costs from those taxes

Read full article: Trump warns Walmart: Don't raise prices due to my tariffs but do eat the costs from those taxes

President Donald Trump has ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs.

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Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors

Read full article: Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors

Walmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment.

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Walmart's hot sellers? Hand mixers and kitchen tools. In an era of high prices, basic is king

Read full article: Walmart's hot sellers? Hand mixers and kitchen tools. In an era of high prices, basic is king

Walmart is reporting strong second-quarter sales results as the retailer’s low-price model continues to attract budget-conscious consumers in a tough economic environment.

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Walmart shines in rough retail environment, ratchets up outlook after strong first quarter

Read full article: Walmart shines in rough retail environment, ratchets up outlook after strong first quarter

Walmart reported strong first-quarter sales results as the nation’s largest retailer’s low-prices continue to draw budget conscious consumers in a challenging economic environment of stubbornly high inflation.

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Funding bill targets online sites amid retail theft concerns

Read full article: Funding bill targets online sites amid retail theft concerns

Retailers are scoring one win in the governmentwide spending bill.

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Walmart puts up strong Q3, announces opioid settlement

Read full article: Walmart puts up strong Q3, announces opioid settlement

Walmart reported higher sales in the fiscal third quarter as more Americans seek to cut spending in face of high inflation.

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Hot dogs vs deli meat; rising costs shape choices at Walmart

Read full article: Hot dogs vs deli meat; rising costs shape choices at Walmart

Walmart reported better-than-expected second quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.

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Walmart cuts profit outlook as shoppers adapt to inflation

Read full article: Walmart cuts profit outlook as shoppers adapt to inflation

Walmart is lowering its profit outlook for its fiscal second quarter and for the full year.

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CEO pay rose 17% in 2021 as profits soared; workers trailed

Read full article: CEO pay rose 17% in 2021 as profits soared; workers trailed

Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5 million.

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Walmart mandates vaccines for workers at headquarters

Read full article: Walmart mandates vaccines for workers at headquarters

Walmart is requiring that all workers at its headquarters as well as managers who travel within the U.S. be vaccinated against COVID-19 by Oct. 4.

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Retailer results so far show people are going out, spending

Read full article: Retailer results so far show people are going out, spending

At Walmart, sales of teeth whitener are popping as customers take their masks off.

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Walmart sales still strong as pandemic eases, stimulus helps

Read full article: Walmart sales still strong as pandemic eases, stimulus helps

Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers, flush with U.S. stimulus payments, splurged on clothing, as well as lawn and garden items.

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Video app TikTok leans into e-commerce with Shopify deal

Read full article: Video app TikTok leans into e-commerce with Shopify deal

The popular short-form video app TikTok, still under U.S. government scrutiny for its Chinese ownership, is moving closer to becoming a marketplace for buying stuff. Canadian e-commerce platform Shopify said Tuesday it's made a deal with TikTok enabling merchants to create “shoppable” video ads that drive customers to online stores. The partnership was announced Tuesday amid stalled negotiations for Walmart to buy a 7.5% stake in the video app. Then, video ads will be automatically generated that could show up in a TikTok user’s video feed and drive customers to Shopify for checkout. Walmart and Shopify are on good terms, having teamed up against Amazon in June on a deal that enables Shopify’s small businesses to get listed on Walmart.com.

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As you shop for the apocalypse, stores are paying a price

Read full article: As you shop for the apocalypse, stores are paying a price

Americans grabbing groceries and fixing up their homes during the coronavirus pandemic have propped up top retailers' sales. That is costlier for them than if shoppers buy in stores because companies have to pay for logistics and delivery fees. To be sure, the higher sales retailers are experiencing as people stock up on groceries and other essential goods could help alleviate the pressure. This should drive continued sales growth and help leverage the higher costs." Target said Wednesday that sales at stores open for at least one year grew 10.8% during the quarter compared with the same period last year.

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Walmart CEO says we’re in the ‘hair color’ phase of panic buying

Read full article: Walmart CEO says we’re in the ‘hair color’ phase of panic buying

Now hair clippers and hair dye are flying off shelves. "You can definitely see that as people have stayed home, their focus shifted," Walmart CEO Doug McMillon said on the Today Show, Friday. Now, sales are showing that — without the ability to venture to a hair salon — folks are getting shaggy. Panic buying begat even more panic buying, and the run on bathroom tissue sent ripple effects through the supply chain. Sales of hair clippers increased 166% and hair coloring products rose 23%, from the same period a year earlier, according to Nielsen.

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Walmart wants to hire 150,000 temporary workers as the coronavirus pandemic continues

Read full article: Walmart wants to hire 150,000 temporary workers as the coronavirus pandemic continues

Walmart, the largest private employer in the United States, plans to hire 150,000 temporary workers by the end of May as the coronavirus pandemic continues to sweep through the country. The company said it is hiring the associates to work in stores, clubs, distribution centers and fulfillment centers. "These roles will be temporary at first, but many will convert to permanent roles over time," Walmart said in a press release. "We've reached out to industry groups representing restaurants and hospitality to facilitate temporary roles that can be a bridge for their employees during this difficult time." But the coronavirus is pushing the company to bring on new workers to help meet the crush of demand.

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