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The Latest Breaking News from Doug McMillon

Major grocery chain closing down popular store location in heartbreaking note to shoppers

Midwest grocery giant Hy-Vee announced the closure of its North Ottumwa, Iowa, location in a heartbreaking statement sent to employees and customers alike

Daily Mirror

Walmart Earnings Top Forecast With Grocery Sales Driving Gains; Stock Jumps

"We leveraged expenses, expanded operating margin, and grew profit ahead of sales," said CEO Doug McMillon.

The Street

Walmart issues warning over self-checkout theft as it plans new technology to crack down

Walmart US CEO Doug McMillon insisted stores were facing a stealing problem, saying: "Theft is an issue. It's higher than what it has historically been"

Daily Mirror

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Walmart closures show that small business, not big box stores, are the answer for food deserts

Business experts designed a project that helped hundreds of small Mexico City businesses thrive. A similar effort to help mom-and-pop businesses in Chicago’s low-income Black and Latino neighborhoods might well have the same impact.

Chicago Sun-Times

Major change to Walmart stores expected - leaving customers unimpressed

Supermarket giant Walmart has confirmed 65 per cent of its stores will be automated within the next three years. The company said the move would reduce the need for lower-paid roles

Daily Mirror

Walmart Stock In Buy Zone As Dow Giant Automates Operations To Boost Long-Term Profits

Walmart rose back above a buy point as the Dow retail giant says it'll ramp up automation to cut costs and boost profitability.

Investors Business Daily

Despite high inflation, Americans are spending like crazy – and it's kind of puzzling

Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.

WEKU

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Walmart Has Bad News for Cash-Strapped Customers

The retail giant had some sobering news for shoppers hoping for a break.

The Street

Walmart, Home Depot cautious on 2023 as inflation bites

New York (AFP) - Walmart reported better profits than expected for the critical holiday-season quarter Tuesday, but offered a cautious outlook on the year ahead as inflation squeezes consumers.

AFP

Cautious Walmart outlook hits shares despite solid Q4 profits

New York (AFP) - Walmart reported better-than-expected profits over the critical holiday-season quarter Tuesday, but offered a disappointing outlook as inflation weighs on consumers.

AFP

Walmart Makes a Surprising Pricing Move Customers Will Love (Costco May Not)

The discount retailer has done something you're going to like (that Costco and Dollar General may not be thrilled with).

The Street

Shoplifting is 'spreading faster than Covid,' according to Ex-Home Depot CEO

Bob Nardelli says shoplifting is “spreading faster than Covid.”

Fortune

Target, Walmart, and Rite Aid All Have the Same (Growing) Problem

Big-box retailers say the issue has been getting worse and is cutting into profits.

The Street

Walmart has faced calls to ban gun sales for years. Will Chesapeake change that?

By nature of its enormous size, with thousands of stores across the US, the nation’s largest retailer is at the centre of debate over retail gun sales and a familiar place for American violence, Alex Woodward reports

The Independent UK

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The Independent UK

Walmart has faced calls to ban gun sales for years. Will Chesapeake change that?

The Guardian - US

The savior CEO and the empty promise of ‘stakeholder capitalism’

Companies may claim to serve employees, communities and the planet – but two books show profit still comes first

AFP

Walmart lifts outlook on strong earnings but hit by opioid settlement

New York (AFP) - US retailer Walmart on Tuesday saw its earnings top expectations in the third quarter as consumers looked for bargains amid surging inflation, but its numbers were weighed down by a settlement stemming from the US opioid crisis.

The Street

Walmart Stock Soars After Blasting Q3 Earnings, Improving 2023 Profit Forecast

"Walmart U.S. continued to gain market share in grocery ... and significantly improved out inventory position,' said CEO Doug McMillon

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The Street

Walmart Stock Leaps After Q2 Earnings Beat, Improving 2022 Profit Outlook

“We’re pleased to see more customers choosing Walmart during this inflationary period, and we’re working hard to support them as they prioritize their spending," said CEO Doug McMillon.

The Street

Walmart Stock Tumbles On Q2, Full-Year Profit Warning As Inflation Bite Deepens

"The increasing levels of food and fuel inflation are affecting how customers spend," said Walmart CEO Doug McMillon.

Tribune News Service

Here’s what Walmart is doing to fight inflation

FAYETTEVILLE, Ark. — Walmart CEO Doug McMillon says the retail giant is closely watching its core shopper while working on ways to lower its costs and navigate 40-year-high inflation.

Tribune News Service

Walmart dangles a $210,000 average salary to store manager recruits

BENTONVILLE, Ark. — This may be a good year to get recruited and promoted at Walmart.

Los Angeles Times

High gas prices hurt. But here's how diesel prices are slamming your wallet in hidden ways

LOS ANGELES — If you're wondering what's swelling the price of everything you buy, the cost of a gallon of diesel is a good place to start.

WEKU

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

The Street

Walton Family Lost $19 Billion In One Day

Post-earnings rout hammers net worth of retailer family in largest drop since 1987.

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