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Tag: Walmart Inc

Walmart’s stock rises 7% on report of Amazon Prime competitor coming this month

Walmart‘s answer to Amazon Prime will launch this month, according to a report by Vox’s Recode. The big-box giant confirmed in February that it plans to roll out a subscription-based service called Walmart+, but it hasn’t revealed details or its strategy to attract members and stand out from competitors. Shares rose by nearly 7% Tuesday to …

Walmart’s stock rises 7% on report of Amazon Prime competitor coming this monthRead More

CVS Health looking to fill 50,000 jobs to meet demand

A driver unloads merchandise from a delivery truck outside a CVS Health Corp. location in New Rochelle, New York, U.S., on Monday, March 16, 2020. Angus Mordant | Bloomberg | Getty Images CVS Health said it plans to immediately fill 50,000 jobs across the U.S. to keep up with a demand for over-the-counter medicines, prescriptions and …

CVS Health looking to fill 50,000 jobs to meet demandRead More

Walmart makes run to all-time highs amid coronavirus market plunge

A person wears a face mask as a precaution against coronavirus in New York, on March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Walmart shares are emerging as a winner during the chaotic coronavirus crisis.  The big-box retailer, a classic defensive consumer staple stock, is benefiting from the millions of Americans stocking …

Walmart makes run to all-time highs amid coronavirus market plungeRead More

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Pier 1 to close nearly half its stores as bankruptcy rumors persist

Pier 1 Imports on Monday said it intends to shut up to 450 locations, or almost half of its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors.  Pier 1’s losses have been mounting, as its sales decline. And this latest quarter was no exception. Its third-quarter loss widened from a year …

Pier 1 to close nearly half its stores as bankruptcy rumors persistRead More

Retail stocks that could have a strong 2020

Some of the most beaten-down names in retail might end up being your best bets in 2020. That’s not to say there still isn’t reason to be wary about some of these companies. You’re taking a risk when you invest in a struggling business, especially in the challenged retail industry, which has faced management shakeups, …

Retail stocks that could have a strong 2020Read More

Bed Bath & Beyond shares jump on real estate deal for $250 million

Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond shares jumped nearly 3% Monday morning after the retailer said it had completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital, netting it $250 million in proceeds. The embattled …

Bed Bath & Beyond shares jump on real estate deal for $250 millionRead More

Ex-Walmart US CEO Bill Simon on how tech can shape retail in the 2020s

The impact of technology on brick-and-mortar retail is just getting started as the 2020s arrive, former Walmart U.S. President and CEO Bill Simon said Tuesday. And it may mean that by the end of the decade the days of carrying a pile of clothes into a dressing room are gone. “Could we have virtual changing …

Ex-Walmart US CEO Bill Simon on how tech can shape retail in the 2020sRead More

Walmart CEO Doug McMillon took bold stances in 2019. Next year he’ll have an even bigger platform

Doug McMillon, chief executive officer Walmart Jonathan Fickies | Bloomberg | Getty Images After two deadly shootings at Walmart stores over the summer, Walmart CEO Doug McMillon made a surprising move.  The retailer on Sept. 3 said it would halt sales of ammunition for assault-style rifles and handguns and that it would begin asking shoppers …

Walmart CEO Doug McMillon took bold stances in 2019. Next year he’ll have an even bigger platformRead More

Forever 21 among bankruptcies that rocked the retail industry in 2019

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images 2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and an vastly different …

Forever 21 among bankruptcies that rocked the retail industry in 2019Read More