Amazon.com will face challenges from big retailers during its annual Prime Day promotion, as more merchants piggyback on the multibillion-dollar online sales event. Target, Walmart, Bed, Bath & Beyond, Macy’s and Kohl’s are some top retail chains offering big discounts and promotions to coincide with Prime day, which takes place on Monday and Tuesday this…
Big Retailers Line up Deals to Take on Amazon Prime Day Frenzy
Walmart to Again Close Its US Stores on Thanksgiving Day
NEW YORK—Walmart says it will close its U.S. stores on Thanksgiving for the second consecutive year. The nation’s largest retailer and biggest private employer said Friday that it wants to give workers time off for all their “hard work and dedication” to the company. It follows the decision by Target Corp., which announced back in…
Walmart To Give 740,000 US Store Workers Free Samsung Phones
CHICAGO—Walmart said on Thursday it would give nearly half its U.S. employees free Samsung phones by the end of the year so they can use an app the company has developed to manage shifts, clock in, and stay in “constant communication.” The world’s largest retailer, which employs nearly 1.6 million people in the United States,…
Walmart Earnings Beat Expectation, Raises Outlook
NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…
Walmart Raises Outlook After Earnings Beat Expectations
NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…
NTD Business Full Broadcast (May 18)
Walmart’s earnings beating estimates. Store sales boosted by consumer spending from the stimulus checks, and new services added during the pandemic also helped. Scammers now targeting crypto investors. And scam reports are shooting up — more than ten times from the year before. How are they tricking people? Are your solar panels made with forced…
Stores, States Drop Mask Mandates in Wake of CDC’s Updated Guidance
States and stores on Friday said they were largely dropping their mask requirements after a top U.S. health agency advised that people fully vaccinated against the virus that causes COVID-19 could stop donning face coverings. The governors of at least 10 states and officials at a slew of retail giants, like Walmart, announced they would…
White House: No New ‘Proactive Step’ on TikTok Deal Under Biden
WASHINGTON—The White House said on Wednesday it has an ongoing review of the risks TikTok may present to U.S. data but stressed it has taken no new “proactive step” related to a pending plan for the Chinese-owned company’s American operations to be acquired by U.S. investors. The Wall Street Journal reported earlier on Wednesday that…
School Principal Works Night Shifts at Walmart for Students in Need, Gifted $50,000
A South Carolina school principal has made headlines for moonlighting as a shelf stacker at Walmart to help support his students, 90 percent of whom live below the poverty line. The principal initially told no one that he had taken a second job. Henry Darby, the principal of North Charleston High School, who works three night…
Walmart Plans Big Push to Challenge Amazon on Advertising
NEW YORK/DALLAS—Walmart Inc. plans to expand its advertising business, adding space for ads at its U.S. stores and sharing its vast trove of shopper data with brands, the world’s largest retailer said on Thursday, looking to challenge rival Amazon.com Inc. as a media powerhouse. The efforts are key to Walmart’s aggressive plan to achieve a…
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