Walmart Inc. is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise.
Author: Brendan Case
Walmart Hawks Refurbished Goods to Inflation-Squeezed Shoppers
Walmart Inc. has a new sales pitch for consumers contending with soaring prices: Buy used goods.
Walmart Cuts Full-Year Profit Outlook
Walmart Inc. cut its annual profit outlook for the second time this year, citing the need to lower prices to clear out bloated inventories.
Target to Open Hubs in Chicago, Denver
Target Corp. will open three new package-sorting centers during the next year — two in greater Chicago and one in the Denver area — to further its strategy of using stores to handle online orders.
Walmart Announces New Charges for Suppliers
Walmart Inc. is hitting some suppliers with two new charges as it struggles to soften the blow of surging transportation costs.
Driverless Trucks to Deliver Household Goods to Dallas Sam’s Clubs
Self-driving trucks soon will make deliveries to Walmart Inc.’s Sam’s Club stores in the Dallas-Fort Worth area, marking a significant expansion of autonomous vehicles operating in live traffic.
Walmart to Add Four E-Commerce Warehouses to Speed Deliveries
Walmart Inc. will build four new e-commerce warehouses in a push to speed deliveries, using an automated system to pick out items while also creating more than 4,000 jobs.
Target Plummets Most Since 1987 as Inflation Saps Margins
Target Corp. is on pace for its worst stock drop since 1987’s Black Monday crash after becoming the second big retailer in two days to trim its profit forecast.
Walmart to Pay Truck Drivers Up to $110,000 in First Year
Walmart Inc. is ramping up pay for its truckers as it seeks to shore up staffing amid a nationwide rush to hire drivers, saying its truck drivers will be able to earn between $95,000 and $110,000 in their first year at the company,
Kroger, Instacart Target 30-Minute Grocery Delivery
Kroger Co. and Instacart unveiled a new home-delivery service in which the companies will drop off food and household staples in as little as 30 minutes.