Business, Logistics

Target, Like Walmart, Proves Main Engine of Economy Is Humming

Recession fears may be mounting in certain parts of the U.S. economy, but Walmart Inc. and Target Corp. are signaling that the all-important American consumer is doing just fine.

Matthew Boyle | Bloomberg News
August 21, 2019
Business, Technology

Walmart Hunts for New Online Revenue Chief as Losses Mount

Walmart Inc. has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. The company is searching for a new chief revenue officer for its U.S. e-commerce business, who would work under online leader Marc Lore to help map out its battle plan against Amazon.com, Target Corp. and other rivals.

Matthew Boyle | Bloomberg News
July 12, 2019
Business, Logistics

Two Years After Amazon Deal, Whole Foods Is Just $10 Cheaper

Amazon.com’s $13.7 billion purchase of Whole Foods Market spawned endless speculation about how the internet giant would change the upscale grocer. Two years later, we’ve got an answer: Ten bucks.

Matthew Boyle | Bloomberg News
July 10, 2019
Business, Technology

Target Takes a Hit From $50 Million Register Outage

The impact of Target Corp.’s weekend register glitch won’t show up until the retailer discloses quarterly revenue in August, but it could have cost the company about $50 million in lost sales, according to one analyst.

Matthew Boyle | Bloomberg News
June 17, 2019
Government, Business, Logistics

Walmart’s New Pricing Tool Allows Suppliers to Factor in Cost of Tariffs

Walmart Inc. has updated the information network used daily by its suppliers to let them submit cost increases that are directly attributable to higher U.S. tariffs on Chinese goods.

Matthew Boyle | Bloomberg News
June 12, 2019
Business

Walmart Rises After Strong Start to Year, but Tariffs Still Loom

Walmart Inc. rose after reporting sales that met analysts’ expectations. Still, concerns are growing that Chinese tariffs could soon force the retailer to raise its famously low prices or sacrifice its bottom line.

Matthew Boyle | Bloomberg News
May 16, 2019
Business, Technology, Logistics

Walmart Matches Amazon With Free One-Day Shipping on Many Items

Walmart Inc. wants to one-up Amazon.com in the fight for online shoppers. The world’s largest retailer is rolling out a next-day delivery service to counter Amazon’s recent move to speed shipment times for top customers to just one day from two.

Matthew Boyle | Bloomberg News
May 14, 2019
Business, Logistics, Top 100

Walmart Capable of Matching Amazon’s One-Day Pledge, Analyst Says

Walmart Inc. could easily match Amazon.com’s one-day delivery gambit, according to an analyst who worked at the world’s largest retailer.

Matthew Boyle | Bloomberg News
April 26, 2019
Business, Logistics

Target Soars as Rosy Full-Year Outlook Follows Brisk Holiday Sales

Target Corp. jumped the most in more than two months as it followed up strong holiday sales with upbeat projections for the current year, distancing itself from the travails of mall-based department stores.

Matthew Boyle | Bloomberg News
March 5, 2019
Business, Logistics

Walmart Surges After Reporting Best Holiday Quarter Since 2009

Walmart Inc. finally gave the U.S. retail sector some good news. The company brushed off the industry’s disappointing December sales with its best holiday quarter in at least a decade, soothing concerns about the sector’s outlook for 2019. Comparable sales for Walmart stores in the United States — a key performance barometer — rose 4.2% in the quarter that included Christmas, beating analysts’ estimates by a full percentage point.

Matthew Boyle | Bloomberg News
February 19, 2019