On the Bubble
Walmart Profit Drags as Inflation Takes a Bite
NEW YORK — Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.
May 17, 2022New York Appeals Court Dismisses Suit Against Amazon
NEW YORK — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island.
May 10, 2022Amazon to Shutter Six Whole Foods Stores
Amazon.com Inc. will close six Whole Foods Market locations in four states, almost two months after shutting dozens of bookstores and gift shops around the country.
May 2, 2022Amazon Falls, Projects Slower Growth as Online Sales Stall
Amazon .com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.
April 28, 2022Walmart’s Driver Pay Boost Goes Beyond Miles Driven
Walmart Inc. made a big splash recently with the news that it was boosting its overall pay package for first-year drivers to as much as $110,000 a year. But its new compensation package for drivers of all experience levels covers more than just pay per mile.
April 26, 2022Amazon Targets Shopify With New ‘Buy With Prime’ Service
Amazon.com Inc. said it will let merchants sell products they list with the e-commerce giant directly from their own websites, as part of a move to blunt the momentum of fast-growing competitor Shopify Inc.
April 21, 2022Amazon, UPS’ Biggest Customer, Is Also Its Biggest Competitive Threat
Amazon delivered more than 5 billion packages in the U.S. in 2021, while UPS delivered roughly 5.5 billion U.S. packages, according to company figures and industry estimates. Amazon has said it could surpass UPS this year, and it’s not alone in that prediction.
April 14, 2022Amazon CEO Jassy Wants to Improve Warehouse Safety
In his first letter to Amazon shareholders, CEO Andy Jassy offered a defense of the wages and benefits the company gives its warehouse workers while also vowing to improve injury rates inside the facilities.
April 14, 2022Walmart Announces Driver Pay Increase, Training Program
Walmart Inc. is raising pay for its private fleet truck drivers and launching a new training program, the retailer announced April 7.
April 13, 2022Walmart Hires PayPal’s John Rainey as CFO
Walmart Inc. named PayPal Holdings Inc. Chief Financial Officer John Rainey as its new finance chief, turning to a company outsider as it seeks to build a financial-technology venture and a membership program.
April 12, 2022