Walmart Inc
Walmart hires PayPal executive as its chief financial officer
Artur Widak | NurPhoto | Getty Images Walmart said Tuesday it has hired PayPal executive John Rainey to become its new chief financial officer. Rainey currently holds the same post at the financial technology company and will step in as CFO at Walmart on June 6. He will take the reins from longtime CFO Brett […]
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How Amazon plans to fix its massive returns problem
Amazon is handling a rapidly growing number of returns that are causing a massive problem for the e-commerce giant and the planet. A National Retail Federation survey found a record $761 billion of merchandise was returned to retailers in 2021. That amount surpasses what the U.S. spent on national defense in 2021, which was $741 […]
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Target tiptoes back into resale with new ThredUp deal, as it makes sustainability push
Target ThredUp website Source: Target Target is tiptoeing back into secondhand sales through a deal with resale company, ThredUp. The big-box retailer confirmed Friday that it launched a page on ThredUp’s website in late March that includes listings of women’s and kids’ apparel, along with accessories. Some items are from Target’s private labels, such as […]
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Walmart says it is raising truckers’ pay and starting a training program as it grapples with a driver shortage
A Walmart truck departs the company’s distribution center in Washington, Utah. Bloomberg | Bloomberg | Getty Images Walmart said Thursday it is raising pay for long-haul truck drivers and launching a new program to train the next generation, as it seeks the staffing it relies on to replenish store shelves and warehouses across the country. […]
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How Walmart thwarted $4 million in elder gift card scams
A gift card display stands at a Walmart Inc. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Technology developed by Walmart helped the retail giant identify and freeze nearly $4 million in gift cards that had been bought by thousands of primarily elderly victims at the direction of con artists who […]
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Investing Club: Here’s our April rapid-fire update on all 33 stocks in Cramer’s Charitable Trust portfolio
Ahead of our Monthly Meeting this Thursday, we are providing the Club with a quick refresher on all the holdings in the portfolio. Source
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Why ‘free’ shipping isn’t free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.” “People like free shipping because the word free is very powerful, even if people know that it’s not really free because someone is paying for it,” Kara Buntin, owner of the Etsy […]
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Five Below shares can surge nearly 28% as store openings drive growth, Citi says
Investors looking for bargains should look at shares of Five Below, according to Citigroup. Source
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Amazon, Walmart and more: Cowen loves these stocks it says can beat surging inflation
Cowen has identified several tech and internet stocks it rates as likely to outperform, some of which are set to return “at least” 15% over the next 12 months. Source
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Walmart sues BJ’s Wholesale claiming it stole self-checkout technology
Shoppers stock up on merchandise at a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson | Getty Images Walmart and its big-box warehouse subsidiary Sam’s Club accused rival retailer BJ’s Wholesale Club in a lawsuit filed Tuesday of stealing technology that powers a popular self-checkout option in the Sam’s Club mobile […]
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