By Noah Sheidlower Source: NBC News Walmart announced Tuesday it will abruptly close four underperforming Chicago stores, citing millions in annual losses. The company said its eight Chicago stores collectively have not been profitable since the first opened 17 years ago. This has amounted to a loss of “tens of millions [...]
By Isabella Simonetti Source: The New York Times Walmart on Tuesday reported strong sales and profits for last quarter but said times would be tougher this year, a warning that consumers were starting to pull back as they felt the squeeze from relentlessly rising prices for everyday goods. The retail [...]
By Daniel Kline Source: The Street You can't turn on the news or look at any newsy area of the internet without hearing about inflation at the grocery store. For a while, the narrative focused on the rising price of meat, and at various times the focus has been on [...]
By Rick Wartzman Source: Literary Hub If there is one thing that runs as deep in Walmart’s DNA as its devotion to keeping costs down and prices low, it would have to be its antipathy toward organized labor. The company’s open-door policy, Sam Walton maintained, was the perfect avenue for [...]
By Jan Hoffman Source: The New York Times A federal judge on Wednesday ordered three of the nation’s largest pharmacy chains — CVS, Walgreens and Walmart — to pay $650.5 million to two Ohio counties, ruling that the companies must be held accountable for their part in fueling the opioid [...]
By Richard Kestenbaum Source: Forbes Most grocery shopping today is done the same way your mom did it when she pushed you in the cart. And yet, there’s probably no sector of retail on the verge of more change and upheaval than grocery. Grocers view their stores as the anchor [...]
By Jan Hoffman Source: The New York Times A federal jury in Cleveland on Tuesday found that three of the nation’s largest pharmacy chains — CVS Health, Walmart and Walgreens — had substantially contributed to the crisis of opioid overdoses and deaths in two Ohio counties, the first time the [...]
By Matt Day Source: Bloomberg People shopping online for groceries at Amazon.com Inc. or Walmart Inc. are more likely to encounter big differences in prices based on their location -- even down to the ZIP code -- than shoppers who venture into physical stores, researchers found. Software that adjusts an [...]
By Karen Weise and Michael Corkery Source: The New York Times Amazon has eclipsed Walmart to become the world’s largest retail seller outside China, according to corporate and industry data, a milestone in the shift from brick-and-mortar to online shopping that has changed how people buy everything from Teddy Grahams [...]
By Sam Silverstein Source: Grocery Dive The decision by Walmart to compel many of its employees to wear masks on the job, which reverses its declaration in mid-May that workers could shed face coverings as long as they were fully vaccinated, is a highly visible indication that the pandemic is [...]