Business, Private

Walmart Cuts 200 Corporate Jobs as Costs, Inventory Sap Profit

Walmart Inc. is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise.

Brendan Case | Bloomberg News
August 3, 2022
Business

Walmart Hawks Refurbished Goods to Inflation-Squeezed Shoppers

Walmart Inc. has a new sales pitch for consumers contending with soaring prices: Buy used goods.

Brendan Case | Bloomberg News
July 29, 2022
Business, Private

Walmart 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.

Brendan Case | Bloomberg News
July 25, 2022
Business, Technology, Logistics

Target 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.

Brendan Case | Bloomberg News
July 25, 2022
Business, Logistics, Private

Walmart 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.

Brendan Case | Bloomberg News
July 6, 2022
Business, Technology, Equipment, Autonomous

Driverless 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.

Brendan Case | Bloomberg News
June 7, 2022
Business

Target 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.

Brendan Case | Bloomberg News
May 18, 2022
Business, Top 100

Walmart 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,

Brendan Case | Bloomberg News
April 7, 2022
Business, Top 100

Walmart 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.

Brendan Case | Bloomberg News
February 17, 2022
Business, Logistics

Walmart 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.

Brendan Case | Bloomberg News
January 25, 2022