Shares of Walmart Inc. powered higher toward a three-month high Tuesday, after the discount retail behemoth reported fiscal second-quarter profit and revenue that beat expectations, and raised its full-year earnings Read more
Tag: Shopping Malls/Superstores
Walmart considers Disney, Comcast, Paramount for streaming deal
Walmart Inc. is looking to add a large video streaming service to its Walmart+ membership program as the retailer amps up its competition with Amazon.com Inc., according to people familiar with the situation. Walmart Read more
Walmart cutting about 200 corporate jobs in restructuring as profits sag
Walmart Inc. is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying Read more
F1’s Lewis Hamilton joins Denver Broncos ownership group led by Walmart heir
Formula 1 star Lewis Hamilton will be joining a group of investors who won the bidding for the NFL’s Denver Broncos franchise led by Walmart WMT, +0.39% heir Rob Walton, Read more
Best Buy adds to retailer woes, cutting outlook as end of PC boom takes its toll
The end of a boom in personal-computer sales is landing on Best Buy Inc.’s financial statements. The electronics retailer warned investors Wednesday afternoon that it will not hit financial targets Read more
Walmart general stores are coming to campsites nationwide
Walmart Inc. announced on Wednesday a partnership with campsite company Getaway to build small retail stores that will offer supplies to visitors spending some time in nature. The General Store Read more
Here’s the threat to markets if investors ignore ‘nontrivial’ stagflation risk
Financial market participants completely missed the non-transitory nature of inflation over the past year, failing in what one portfolio manager describes as “spectacular fashion.” Now, as investors and traders worry Read more
PayPal stock hit as Walmart and Shopify send ominous signals
PayPal Holdings Inc. shares were sagging Tuesday after two consumer-facing names issued warning signs about their businesses and the state of shopping behaviors. First Walmart Inc. WMT, -7.70% cut its Read more
Analysts on Walmart’s profit warning: Consumers are buckling under inflation pressure and draining their COVID reserves
The shoe dropped for Walmart on Monday night, when the largest U.S. retailer warned on profits due to the impact of inflation. It wasn’t a total shock given the constant Read more
Walmart stock sinks after warning of inflation’s effects on earnings
Shares of Walmart Inc. sank 8% in after-hours trading Monday after the retail giant lowered its profit forecast, disclosing that inflation has required the company to conduct more markdowns. The Read more