Walmart Inc
What Kroger, Walmart, Target learned from China’s Alibaba about grocery’s future
Now going on 140 years in business, Cincinnati-based Kroger sped up its push into digital retailing during the pandemic, and grocery store chain isn’t looking back. Kroger has adopted an omnichannel strategy, integration of offline or in-store sales with online orders and logistics. It’s a concept that originated in China in 2016 when founder […]
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What to expect when Costco reports earnings after the closing bell Thursday
Retail powerhouse Costco, which is set to release strong fiscal fourth-quarter results on Thursday, remains a top Club pick. Source
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Why Target Canada was a massive failure
Target’s entry into the Canadian market in 2013 was its first foray in international expansion. A combination of extensive renovation needs, a flawed merchandising system, tight time frame and inadequate leadership were some of the reasons the big-box retailer decided to close all 133 stores in the country in 2015. Target does not intend to […]
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Target plans to hire 100,000 seasonal workers for the holidays and start deals early
A hiring sign is posted i front of a Target store on February 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Target announced Thursday that it will hire 100,000 seasonal workers for the holidays and start offering markdowns the first week of October. The company said the new workers will be hired […]
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FedEx’s bleak warning could reflect global economy − and company’s own shortcomings
A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images FedEx warned of weakening global shipping demand in a preliminary earnings report last week, leaving the market scrambling to determine whether the problems reflect internal company shortcomings or a broader economic diagnosis. CEO Raj Subramaniam pointed to […]
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Walmart plans to hire 40,000 workers for the holiday season
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters Walmart announced Wednesday that it will be hiring 40,000 seasonal and full-time associates as the holiday season approaches. The company says it is hiring for a variety of positions, including seasonal store associates, customer service […]
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Spotify announces start of audiobooks for U.S. listeners
The Spotify brand on a smartphone arranged in Saint Thomas, U.S. Virgin Islands, on Saturday, Jan. 29, 2022. Gabby Jones | Bloomberg | Getty Visuals Spotify users in the U.S. will now be ready to purchase and listen to more than 300,000 distinctive audiobook titles, the enterprise declared Tuesday. The streaming company’s foray into audiobooks […]
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Walmart unveils virtual fitting room to push shoppers to buy more clothes
Walmart is rolling out its latest version of virtual try-on, which allows shoppers to upload an image of themselves and see how items would look. Walmart As some shoppers reduce their spending on clothes, Walmart is rolling out a new tool that it hopes will nudge them toward clicking the “buy” button. Starting this week, […]
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KeyBanc says buy Walmart, Target as both are in ‘best competitive positioning of the last decade’
Retailers Walmart and Target are in strong positions that could bolster investor portfolios, according to KeyBanc. The firm on Tuesday initiated coverage of both retailers with overweight ratings and price targets signaling potential future share growth. KeyBanc gave Walmart a $155 price target, implying a more than 14% upside, and Target a $200 price target, […]
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Costco CEO predicts inflation’s turning point, explains how retailer keeps prices so low
Costco CEO Craig Jelinek says stubbornly high inflation, which has been straining American consumers, is not going to permanent. Source
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