The Latest Breaking News from Doug McMillon

Walmart CFO John David Rainey said the spending for the last two weeks of October was particularly "puzzling" when compared to prior months.

Ingka Group's Deputy CEO said people were buying more storage solutions because high house prices had kept them in small spaces.

With technological advancements and unyielding demand for everyday essentials, the grocery industry is poised to maintain a favorable spot. Retail giant Walmart Inc. (WMT) looks well-positioned to capitalize on the upcoming holiday season. Should investors buy or hold the grocery stock this week in such a scenario? Keep reading to…

Crime is a $100 billion annual problem for retailers, with companies like Walmart warning it could lead to store closures if nothing is done.

People using Walmart pickup and delivery services gave a big boost to online sales.

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

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"

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.

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