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
Tag: Shopping Malls/Superstores
Why consumer giants Amazon.com, Walmart and Unilever are spending to save tropical forests
Global corporate powerhouses such as Amazon.com, Walmart and Unilever are some of the largest users of forest products to pack and transport their globe-circling supply chain and shipments. The companies Read more
PS5 restock: Best Buy to have Play Station 5’s this week, but there’s a catch
Best Buy BBY, +1.44% is set to get a major restock of the highly sought-after Play Station 5 this week, but there’s a catch: The upcoming drop of Sony’s PS5 Read more
Kellogg could face pushback from major retailers like Walmart over price hikes
Kellogg Co., like many other food companies, has steadily raised prices to manage increased costs and inflation, but UBS analysts are concerned that the food company will soon face opposition Read more
8 best early Amazon Prime Day TV deals on OLED, LED and more TVs
“Some retailers have overstocks due to supply-chain-issue-related overages and others are trying to get a jump on the big Amazon Prime Day sales,” smart shopping expert Trae Bodge explains. Getty Read more
Several dead and injured in Copenhagen mall shooting; suspect arrested
A gunman opened fired inside a busy shopping mall in the Danish capital on Sunday, killing several people and wounding several others, police said. A 22-year-old Danish man was arrested Read more
FTC accuses Walmart of allowing fraudsters to hijack its money transfer business
The Federal Trade Commission filed a lawsuit against Walmart on Tuesday, accusing the retail giant of looking the other way while scammers hijacked its money transfer business, costing consumers hundreds Read more
Wal-Mart’s earnings say a lot about other companies
Telling someone to pay attention to Wal-Mart Stores Inc.’s earnings is a bit like commanding them to pore over a longitudinal study of drying paint. And that is quite a Read more