Walmart Inc
Levi Strauss cuts full-year sales forecast again, as inflation takes a toll
Levi’s 501 blue jeans on display. Sean Gallup | Getty Images Levi Strauss on Thursday cut its full-year sales forecast, as it missed Wall Street’s quarterly revenue expectations and was dragged down by weaker shopping trends at department stores and big-box retailers across the U.S. Shares fell more than 3% in extended trading. The company’s […]
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Blue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride
Scott Eisen | Getty Images News | Getty Images Meal kit business Blue Apron announced Friday it has agreed to sell itself to food and restaurant company Wonder Group, founded by entrepreneur Marc Lore, for $103 million. The deal, at $13 per share, represents a significant premium from Blue Apron’s per-share price at Thursday’s close […]
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Will weight loss drugs lead to less food consumption? Here’s what Walmart is saying
More than 40% of adults in the U.S. are obese. That’s a big number, which makes the group a force to be reckoned with if their habits start to change suddenly. That’s why we’ve seen so many Wall Street analysts exploring the potential fallout from new weight loss medications like Novo Nordisk’s Wegovy and Ozempic […]
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Costco tops quarterly earnings expectations, even as sales remain soft
Exterior view of a Costco store on August 18, 2020 in Teterboro, New Jersey. Kena Betancur | Corbis News | Getty Images Costco on Tuesday reported quarterly earnings that topped Wall Street’s expectations, as shoppers turned to the membership club for cheaper gas, discounted prices of bulk items and more. Here’s what the membership-based warehouse […]
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Target says it will close nine stores in major cities, citing violence and theft
A Target department store in North Miami Beach, Florida, on May 17, 2023. Joe Raedle | Getty Images Target said Tuesday that it will close nine stores in major cities across the country, citing violence, theft and organized retail crime. The company will close one store in New York City’s Harlem neighborhood, two locations in […]
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Shein shifts delivery technique to provide China-created goods nearer to U.S. consumers
Outfits displayed at the Shein Team Ltd. headquarters in Singapore, on Monday, June 19, 2023. Ore Huiying | Bloomberg | Getty Images E-commerce huge Shein is sending much more minimal-priced clothing and residence products to U.S. warehouses from China to speed up delivery situations for customers, in accordance to data from world-wide trade analysis organization […]
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With flurry of FAA approvals, drones are about to fly a great deal farther around U.S. skies
A rendering of P2 Zips charging at a docking station. Zipline This 7 days, drone shipping and delivery corporation Zipline was granted Federal Aviation Administration acceptance to fly drones over and above the visual line of sight. That’s a key milestone in endeavours to lengthen the variety of the domestic drone field in excess of U.S. […]
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Walmart opens a pet center with veterinary care and grooming as it signals bigger ambitions
Walmart is piloting a pet services center in a suburb of Atlanta, but plans to open more locations in other parts of the country. Walmart Walmart is opening a dedicated pet services center, signaling it wants to be a place that customers turn to for veterinarian visits and dog grooming appointments along with grocery runs. […]
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Instacart shares commence buying and selling on Nasdaq at $42, valuing grocery supply organization at about $14 billion
Justin Sullivan | Getty Photographs Instacart shares popped 40% in their Nasdaq debut on Tuesday, opening at $42, soon after the grocery-delivery company’s very long-awaited IPO. The giving late Monday at $30 a share valued Instacart at about $10 billion on a entirely diluted foundation, down from a personal market place valuation of $39 billion […]
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Amazon adding 250,000 staff for the holiday seasons and bumping common spend
A worker kinds out parcels in the outbound dock at Amazon achievement heart in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Push-Company by means of Getty Illustrations or photos Amazon explained Tuesday it truly is hiring 250,000 staff members in the U.S. to aid control the holiday […]
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