Walmart Inc
U.S. sues Walmart, Branch Messenger over payment accounts for delivery drivers
A Walmart truck pulls out of a Walmart Distribution Center in Hurricane, Utah, on May 30, 2024. George Frey | Afp | Getty Images The Consumer Financial Protection Bureau filed a complaint Monday against Walmart and work-scheduling platform Branch Messenger for allegedly forcing delivery drivers to use poorly managed and costly deposit accounts in order […]
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Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
A sign marks the location of a Nordstrom store on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool. The […]
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Behind Amazon’s quiet launch of Haul, which competes with Temu in ultra-low-price items from China
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings‘ Temu and fast-fashion retailer Shein. Amazon told CNBC that […]
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From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts
Zoom In IconArrows pointing outwards The Milam family turned its front lawn into a holiday-themed putt-putt course. Going all out on Christmas decorations has become a tradition for the Dallas family. Courtesy: Mike Milam For the holiday season, the front lawn of the Milam family’s house in Dallas has transformed into a mini golf winter […]
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Walmart employees are now wearing body cameras in some stores
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania. Paul Weaver | Lightrocket | Getty Images Walmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC has learned. It’s not clear how many of Walmart’s stores have […]
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Albertsons sues Kroger after judge rules against grocery merger
Traders work as screens display the trading information for Kroger Co. and Albertsons Companies Inc. on the floor of the New York Stock Exchange, Oct. 14, 2022. Brendan McDermid | Reuters Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its […]
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Ulta Beauty beats Wall Street’s earnings expectations, despite fears of slowing demand
Beauty products on the shelves at Ulta on State Street in Chicago on Feb. 4, 2015. Brian Cassella | Tribune News Service | Getty Images Ulta Beauty on Thursday beat Wall Street’s fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare. The retailer hiked its full-year outlook slightly […]
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Dollar General tests same-day delivery as discounter chases Walmart
The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty Images Dollar General is testing same-day delivery to customers’ homes as the deep discounter tries to fend off fiercer competition with Walmart. On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer “soft […]
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Shoppers hunt for deals, but Dollar General and Dollar Tree aren’t reaping the benefits
As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree and Dollar General. Shares of the deep discounters have plunged so far in 2024. The retailers have each cut their full-year forecasts because of weaker-than-expected sales. And both have […]
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Stocks making the biggest moves midday: Advance Auto Parts, Robinhood, chip equipment makers and more
Check out the companies making headlines in midday trading: Chip equipment stocks — Global chip equipment stocks rose on news that the Biden administration is considering further sanctions on sales of semiconductor equipment and artificial intelligence memory chips to China that could be less strict than earlier proposals. Shares of U.S.-based companies Applied Materials and […]
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