Tag: Walmart

July 15, 2020

Walmart, Retail Dive’s 2019 Retailer of the Year, has risen above its rivals during the COVID-19 pandemic, at least so far. Sales in the first quarter soared: total revenue was up 8.6%, or nearly $11 billion, to reach $134.6 billion, […]

July 9, 2020

Walgreens Boots Alliance said its earnings suffered a negative impact of $700 million to $750 million as the company sustained a major loss of global business from the surge of cases of the coronavirus strain Covid-19 that caused its customers […]

July 8, 2020

Walmart’s stocks leapt nearly seven per cent yesterday after it was reported that it plans to launch its answer to Amazon Prime this month. Walmart Plus is set to launch over the next few weeks, according to Recode, which will […]

July 2, 2020

As consumers have navigated their way through stay-at-home and social distancing restrictions during the pandemic, a new study says Amazon’s web traffic has soared, but other retailers are up even more. Traffic to the sites of some of the biggest […]

June 24, 2020

America’s largest supermarket chains have stepped up during the COVID-19 pandemic with added safety measures, pay and benefits to support frontline workers in stores and warehouses. For all they’ve done, a new analysis by Oxfam concludes, they haven’t done enough. […]

June 5, 2020

Early last month, the National Retail Federation (NRF) sent a memo to Congress with a list of the priorities that the trade group believed should be in any new stimulus legislation. At the top of that list was liability reform. […]

May 27, 2020

The world’s largest retailer, Walmart, is making its first foray into the resale market. ‌Through an online‌ ‌partnership‌ ‌with resale platform thredUP, Walmart shoppers can now find around 750,000 pre-owned items at www.walmart.com/thredup. Walmart will dip its toes into the […]

May 22, 2020

The coronavirus pandemic (COVID-19) will haunt management of Walmart and Target TGT forever. Both companies cancelled their earnings guidance since nobody knows how long the scourge will keep us rooted to our homes. The situation created an extraordinary opportunity for […]

May 19, 2020

Walmart has long been one of the retailers noted for performing at a high level when facing down natural disasters and economic tumult. The same has remained true in recent months as the coronavirus pandemic has in some way disrupted […]

May 18, 2020

The retail sector’s roller-coaster ride continues. A slew of major U.S. retailers is scheduled to report earnings this week after a worse-than-expected drop in domestic sales in April. Investors looking to capitalize on any earnings moves might want to consider […]