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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.
Walmart Canada Adds 60-Foot Multizone Refrigerated Trailer
Walmart Canada has expanded its fleet to include for the first time in North America a 60-foot multitemperature-zone refrigerated trailer, built by Utility Trailer Manufacturing Co.
PepsiCo Boosts Outlook After Increasing Prices
PepsiCo Inc. is winning the inflation battle so far, successfully passing on surging commodity costs by persuading consumers to pay more for their soda and chips.
Amazon Prime Day Comes Amid Slowdown in Online Sales Growth
Amazon is heading into its annual Prime Day sales event today much differently from how it entered the pandemic.
Walmart Expands Program That Delivers Right to Your Fridge
Walmart can now drop off groceries right into customers’ refrigerators via its InHome delivery service in several large metropolitan areas, the retailer announced July 6.
Amazon Will Take Stake in Grubhub, Offer Prime Users Membership
Just Eat Takeaway.com NV’s shares jumped the most in almost four years after Amazon.com Inc. agreed to take a stake in its Grubhub business.
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.
Amazon Names New Head for Troubled Retail Business
Amazon CEO Andy Jassy on June 21 named a new head for the company’s troubled retail business, which is dealing with a glut of warehouse space after a massive expansion during the pandemic.
June 21, 2022Walmart to Add Four E-Commerce Warehouses to Speed Deliveries
Walmart Inc. announced plans to build what it said would be a “high-tech” fulfillment center in Joliet, Ill., which is 45 miles southwest of Chicago.
June 3, 2022Walmart, Others Amass $45 Billion in Extra Stuff to Sell
Big retailers rushed to build up inventories last year amid soaring consumer demand and transportation bottlenecks — going so far in some cases as to rent their own cargo ships. Now, they’re trying to figure out how to sell all their stuff.