BENTONVILLE, AR – Walmart Inc. raises its expectations for Walmart U.S. comp sales, excluding fuel, for the 52-week period ending Jan. 25, 2019. Additionally, the company updates fiscal year 2019 GAAP EPS guidance and raises its fiscal year 2019 Adjusted EPS1 guidance due to the company’s performance year-to-date and outlook on the remainder of the … Continue reading Business News: Walmart Guidance for Q3 Summary
BENTONVILLE, Ark. — Walmart trimmed its profit outlook citing this year’s $16 billion acquisition of the Indian online retailer Flipkart, its biggest deal ever. The company said on Tuesday that U.S. online sales growth would slow to 35 percent, from last quarter’s 40 percent growth. Since buying Jet.com for more than $3 billion two years … Continue reading BENTONVILLE, Ark. | Swallowing $16B purchase of Flipkart, Walmart cuts outlook
Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America’s everything-under-one-roof store and the biggest retailer in the world. For generations of Americans, the brick-like Sears, Roebuck … Continue reading Girdles and socket wrenches: Sears was the Amazon of its day
NEW YORK— As Walmart, AT&T and Disney join stalwarts such as Netflix in streaming video and creating original shows, a reality sets in: Not all will survive. Over the past week, Walmart announced plans to partner with MGM Studios on original shows for Walmart’s video-on-demand service, Vudu, while AT&T’s WarnerMedia said it would create its … Continue reading NEW YORK | Risk of streaming fatigue as Walmart, AT&T, Disney join fray
NEW YORK— As Walmart, AT&T and Disney join stalwarts such as Netflix in streaming video and creating original shows, a reality sets in: Not all will survive. Over the past week, Walmart announced plans to partner with MGM Studios on original shows for Walmart’s video-on-demand service, Vudu, while AT&T’s WarnerMedia said it would create its … Continue reading NEW YORK | Risk of streaming fatigue as Walmart, AT&T, Disney join fray
BENTONVILLE, AR – Due to Hurricane Michael’s impact on Florida and Alabama, some Walmart U.S. and Sam’s Club facilities will close or adjust hours of operation. Visit your local Walmart’s Facebook page for hours of operation and additional information. The safety of our customers and associates is always our primary concern. Walmart & Sam’s Club … Continue reading Walmart News: some Walmart, Sam’s Club, will adjust hours due to Hurricane Michael
NEW YORK — Walmart says it’s acquiring an online plus-size fashion brand called Eloquii Design Inc., continuing its buying spree of niche brands as tries to compete better with online leader Amazon.com Walmart declined to disclose the purchase price, but says the move will help it get a foothold into the $21 billion plus-size women’s … Continue reading NEW YORK | Walmart to buy online plus-size women’s brand Eloquii
VILNIUS, Lithuania — Lithuania has lashed out at retailing giant Walmart for using the letters USSR and Soviet Union emblems on T-shirts and other products for sale online, and is demanding that the goods be removed. The Baltic country was occupied by the Soviet Union from 1940 to 1941 and again from 1944 to 1990, … Continue reading VILNIUS, Lithuania | Lithuania wants Walmart to remove Soviet-themed shirts
ST LOUIS, MO – On Tuesday, July 17, 2018, the St. Louis County Prosecuting Attorney’s Office issued charges on suspect Robin Holland, 28 years of age, of the 16400 block of 255th Avenue in Spirit Lake, Iowa 51360, for one count of Murder in the Second Degree, one count of Armed Criminal Action, Tampering with … Continue reading St Louis Missouri News: Charges Issued on Robin Holland, Abigail Miller in Shrewsbury Homicide
WASHINGTON, – A new report by Good Jobs First finds that many large corporations operating in the United States have boosted their profits by forcing employees to work off the clock, cheating them out of required overtime pay and engaging in similar practices that together are known as wage theft. An analysis of federal and … Continue reading Report: Wage Theft is Pervasive in Corporate America; Big Banks, Insurers are Among Most-Penalized Firms
TOKYO — The head of Japanese technology company SoftBank Group Corp. said Wednesday it has reached an agreement to sell its stake in Indian e-commerce company Flipkart to Walmart. Softbank founder and CEO Masayoshi Son did not give details in confirming the deal, which has been widely anticipated. He mentioned the agreement while discussing the … Continue reading TOKYO | SoftBank confirms deal to sell Flipkart stake to Walmart
NEW YORK /March 15, 2018 (AP)(STL.News) — For decades, children ran down the sprawling aisles of Toys R Us in awe of the Barbies, the bikes and other toys laid out in front of them. Parents lined up for the latest Christmas fad, even if it meant standing in the rain. And, of course, there … Continue reading End of an era: Toys R Us is going the way of stickball
February 21, 2018 (AP)(STL.News) —A steep drop in Walmart‘s stock and losses in other sectors pulled U.S. indexes broadly lower Tuesday, placing the market on course to snap a six-day winning streak. A late-afternoon sell-off wiped out early gains by technology companies. Grocery store operators and other consumer-focused companies accounted for much of the drag … Continue reading Late-afternoon sell-off steers US stocks toward lower close
February 08, 2018(AP)(STL.News) —Retailers such as Target and Amazon are embracing mobile applications to help consumers save money and time with features like digital wallets and augmented reality. When used strategically, apps can streamline in-store trips and online purchases, but shoppers could also find that convenience comes with a risk: impulsive decisions and overspending. “Now … Continue reading Do’s and don’ts when using shopping apps
NEW YORK/January 11, 2018(AP)(STL.News) — Walmart confirmed Thursday that it is closing dozens of Sam’s Club warehouse stores across the country — a move that seems sure to cost jobs — on the same day it announced that it was boosting its starting salary for U.S. workers and handing out one-time bonuses to others. The world’s … Continue reading Walmart boosts starting pay, closing dozens of Sam’s Clubs
BENTONVILLE, Ark/January 11, 2018(AP)(STL.News)—Walmart is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time $1,000 cash bonus to eligible employees and expanding its maternity and parental leave benefits. The retailer said Thursday changes that to its compensation and benefits policy will impact more than a million hourly workers in the … Continue reading Walmart raises starting wages , handing out $1K bonuses
NEW YORK / December 14, 2017 (AP)(STL.NEWS) — Walmart and a book distributor distanced themselves from Tavis Smiley on Thursday after PBS said an investigation found “troubling allegations” of sexual misconduct by the radio and TV host. The moves came a day after PBS said it was suspending Smiley following an independent investigation by a … Continue reading Walmart, book distributor suspend ties with Tavis Smiley
NEW YORK/December 6, 2017 (AP)(STL.NEWS) — Wal-Mart Stores Inc. is changing its legal name effective Feb. 1 as it shifts away from physical stores in the age of Amazon’s increasing dominance, The world’s largest retailer, based in Bentonville, Arkansas, said Wednesday it will change its legal name to Walmart Inc. from Wal-Mart Stores Inc. It said … Continue reading In the age of Amazon, Walmart is changing its legal name
Bud and Broadway’s “Bikes, Balls, and Barbies”- Collecting 10,000 Toys for Girls & Boys ST. LOUIS, MO/November 30, 2017 (STL.News) America has always been considered a selfless nation. According to World Giving Index 2016 , we ranked second overall and in the top 10 for two of the three charitable-giving behaviors that are traced by … Continue reading Help Support “Bikes, Balls, and Barbies” Benefit Toy Drive
FAYETTEVILLE, Ark. (AP)(STL.News) — Walmart CEO Doug McMillon touted the company’s investments in people and technology, but also said the company may have reached an employment peak and urged employees not to be afraid of automation. Speaking Friday at the annual shareholders’ meeting, McMillon highlighted ideas Walmart has introduced or tested in the past year, … Continue reading Walmart touts investment in people, technology as advantages
SAN FRANCISCO (AP)(STL.News) — Wal-Mart intentionally failed to pay hundreds of truck drivers in California the minimum wage, a federal jury decided Wednesday, awarding the drivers more than $54 million in damages and opening up the retail giant to additional penalties. The seven jurors returned the verdict in a lawsuit accusing the company of not … Continue reading Jury awards California truckers $54M in Wal-Mart wage suit
