The retailer reported revenue that beat expectations and said it expected net sales to rise 3.5 percent for the year.
Category: Walmart Stores Inc
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A Grim Anniversary for Survivors of the Rana Plaza Disaster
It was the deadliest accident in the history of the garment industry. Ten years later, has anything changed for factory workers?
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Europe Plots a Diplomatic and Business Reset on China
President Emmanuel Macron of France and Ursula von der Leyen, President of the European Commission, arrived in China on Wednesday aiming to restart business and political ties.
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As Dollar Stores Proliferate, Some Communities Say No
The New York Times – Business:More than 70 proposed dollar stores have been rejected since 2019, a report shows. It’s a small number compared with those that opened but evidence of opposition to the industry.
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Walmart Warns That Shoppers Are Feeling the Squeeze of Higher Prices
The New York Times – Business:The retail giant reported strong results for the holiday shopping season, but said that the coming year would be tougher.
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Walmart to Close Three Tech Hubs
The New York Times – Business:Operations in Carlsbad, Calif., Austin, Texas, and Portland, Ore., will cease and the retailer will aim to relocate those workers, including to its headquarters in Bentonville, Ark.
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Walmart Raises Starting Wages for Store Workers
The New York Times – Business:The retail giant said the minimum wages for those employees would range from $14 to $19 an hour, up from $12 to $18 an hour.
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Retail Sales Fell in December as Holiday Shoppers Held Back
The New York Times – Business:Weaker-than-expected results, including at popular holiday shopping destinations like electronics outlets and department stores, showed how concerns about inflation are affecting consumers.
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Walgreens Executive Says Shoplifting Threat Was Overstated
The New York Times – Business:In a call with investors on Thursday, the chief financial officer of Walgreens, James Kehoe, said “maybe we cried too much last year” over theft.
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As Silicon Valley Retrenches, a Tech Talent Shift Accelerates
The New York Times – Business:Most tech jobs are now in mainstream industries like health care, banking and retail, which are increasingly in need of workers with digital skills.
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The Vintage Christmas Decoration Making a Comeback This Year
The New York Times – Fashion & Style:Forget the blow-up Santas for your lawn. A new generation of old-fashioned blow mold decorations have come to town.
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Walmart Sued by Employee Who Says She Complained About Gunman
The New York Times – Business:A lawsuit claims the retailer was warned months ago about “threatening” behavior by the worker who the police say opened fire in the store last week.