Walmart Inc
Rising thefts at Walmart could lead to price jumps, store closures, CEO says
Walmart stores across the U.S. are grappling with an uptick in shoplifting that could lead to higher prices and closed stores if the problem persists, Walmart CEO Doug McMillon said Tuesday. “Theft is an issue. It’s higher than what it has historically been,” he told CNBC’s “Squawk Box.” “We’ve got safety measures, security measures that […]
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Here is what America’s top rated CEOs are indicating about a doable economic downturn in 2023
Basic Motors CEO Mary Barra speaks all through a visit of the US president to the General Motors Factory ZERO electrical car or truck assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Visuals As 2023 techniques and the prospect of a economic downturn looms, corporate America is getting […]
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United CEO says business travel has ‘plateaued’ but revenue is still rising
United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK. Nicolas Economou | NurPhoto | Getty Images Business travel demand has “plateaued” but revenue continues to rise thanks to strong demand and capacity constraints, United Airlines CEO Scott Kirby told CNBC on Tuesday. Major companies, many in tech, have announced plans […]
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Walmart CEO says shoppers are being more selective as they deal with inflation
The American shopper is still feeling “stressed” by inflation, but the effects aren’t being felt evenly across categories, Walmart CEO Doug McMillon said Tuesday. “We’ve got some customers who are more budget-conscious that have been under inflation pressure now for months,” he told CNBC’s “Squawk Box.” “That sustained pressure in some categories, I think, is […]
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Kroger hikes forecast after stronger grocery sales top estimates
The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Kroger on Thursday raised its forecast for the year after stronger third-quarter sales topped Wall Street expectations and inflation continued to push up the prices shoppers pay for milk, eggs and other groceries. Shares rose about 3% in premarket trading. related […]
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Virginia Walmart mass shooting survivor files $50 million lawsuit
A Walmart employee who survived last week’s mass shooting at a store in Virginia has filed a $50 million lawsuit against the company for allegedly continuing to employ the shooter — a store supervisor — “who had known propensities for violence, threats and strange behavior.” The lawsuit, which appears to be the first to stem from the […]
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Shopper turnout hit record high over Black Friday weekend, retail trade group says
A customer searches for shoe products inside a Macy’s store during Black Friday sales on November 25, 2022 in Jersey City, New Jersey. Kena Betancur | Getty Images A record number of holiday shoppers – 196.7 million – flocked back to stores and hunted for deals from Thanksgiving Day to Cyber Monday, according to a […]
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Walmart shooter bought pistol on the day of the attack and left behind a ‘death note’
A police tape is seen at the site of a fatal shooting in a Walmart on November 23, 2022 in Chesapeake, Virginia. Nathan Howard | Getty Images The Walmart night crew supervisor who shot and killed six his co-workers Tuesday used a handgun he purchased the morning of the attack and left a “death note,” […]
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Online shoppers spent a record amount on Thanksgiving
D3sign | Moment | Getty Images After eating turkey and pie, lots of Americans also went on a shopping spree. Thanksgiving Day online spending hit a record of $5.29 billion, an increase of 2.9% year over year, according to Adobe, which tracks sales on retailers’ websites. Typically, shoppers spend about $2 billion to $3 billion […]
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Walmart overtakes Amazon in shoppers’ search for Black Friday bargains
Walmart is top of mind for holiday shoppers who are hunting for Black Friday deals, according to new research. The big box retailer is dominating online searches for Black Friday discounts as of Friday morning, according to advertising technology company Captify, which tracks more than 1 billion searches a day from websites globally. Searches for […]
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