Walmart Inc. is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise.
August 3, 2022Latest News Updates From Brendan Case
Walmart Cuts 200 Corporate Jobs as Costs, Inventory Sap Profit
Walmart Hawks Refurbished Goods to Inflation-Squeezed Shoppers
Walmart Inc. has a new sales pitch for consumers contending with soaring prices: Buy used goods.
July 29, 2022Walmart Cuts Full-Year Profit Outlook
Walmart Inc. cut its annual profit outlook for the second time this year, citing the need to lower prices to clear out bloated inventories.
July 25, 2022Target to Open Hubs in Chicago, Denver
Target Corp. will open three new package-sorting centers during the next year — two in greater Chicago and one in the Denver area — to further its strategy of using stores to handle online orders.
July 25, 2022Walmart Announces New Charges for Suppliers
Walmart Inc. is hitting some suppliers with two new charges as it struggles to soften the blow of surging transportation costs.
July 6, 2022Driverless Trucks to Deliver Household Goods to Dallas Sam’s Clubs
Self-driving trucks soon will make deliveries to Walmart Inc.’s Sam’s Club stores in the Dallas-Fort Worth area, marking a significant expansion of autonomous vehicles operating in live traffic.
June 7, 2022Target Plummets Most Since 1987 as Inflation Saps Margins
Target Corp. plunged the most since 1987’s Black Monday crash after becoming the second big retailer in two days to trim its profit forecast.
May 18, 2022Walmart to Pay Truck Drivers Up to $110,000 in First Year
Walmart Inc. is ramping up pay for its truckers as it seeks to shore up staffing amid a nationwide rush to hire drivers, saying its truck drivers will be able to earn between $95,000 and $110,000 in their first year at the company,
April 7, 2022Walmart Bucks Supply Chain Snarls With Upbeat Annual Outlook
Walmart Inc. surpassed Wall Street’s quarterly profit expectations and unveiled an upbeat sales outlook for the current fiscal year despite persistent cost pressures and flagging consumer sentiment.
February 17, 2022Walmart Mulls Options for Part of Central American Business
Walmart Inc. is studying strategic alternatives for its operations in Honduras, El Salvador and Nicaragua, signaling another potential move to narrow its focus abroad.
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