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Thursday, May 16
by
SRN News
Walmart lifts full-year sales and profit forecast, shares rally
By Siddharth Cavale and Ananya Mariam Rajesh (Reuters) -U.S. retail giant Walmart raised its full-year forecast and reported better-than-expected first-quarter results on Thursday, betting on easing inflation to further boost demand for essentials and bring a rebound in sales of discretionary products like apparel and ...
Tuesday, May 14
by
SRN News
Walmart lays off hundreds of employees and requires others to relocate
BENTONVILLE, Ark. (AP) — Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in ...
Monday, May 13
by
SRN News
Walmart to lay off hundreds of corporate staff and relocate others, WSJ reports
(Reuters) – Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter. Meanwhile, workers at the U.S. retail giant’s smaller offices in ...
Monday, May 13
by
SRN News
Strong Walmart earnings may already be priced in with shares near record
By Siddharth Cavale and Noel Randewich NEW YORK (Reuters) – Walmart’s earnings amid signs of weaker discretionary spending could add fuel to a rally that has propelled its shares to record highs, or potentially spook investors looking to justify the heavyweight ...
Thursday, May 2
by
ABC News
More than 16K pounds of ground beef sold at Walmart recalled for potential E. coli contamination
(NEW YORK) -- A meat processor has recalled approximately 16,234 pounds of raw ground beef products processed in its Pennsylvania facility that may be contaminated with E. coli.The U.S. Department of Agriculture's Food Safety and Inspection Service announced the recall Wednesday with Cargill Meat ...
Tuesday, April 30
by
SRN News
Walmart to close its 51 health centers and virtual care service
Walmart is closing its health centers and virtual care service after struggling to find success with the offerings, the U.S. retailer said Tuesday. The Bentonville, Arkansas-based company said that after managing the clinics it launched in 2019 and expanding its telehealth program, it concluded “there ...
Tuesday, April 30
by
SRN News
Walmart to shut all health clinics in US over lack of profitability
By Siddharth Cavale and Granth Vanaik (Reuters) -Walmart said on Tuesday it will close all 51 of its health clinics and shut its virtual health care operations, saying it could not see it as a sustainable business model to continue. “Healthcare is expensive to run. We ...
Tuesday, April 30
by
SRN News
Walmart to close its 51 health centers, virtual care service
Walmart is closing its health centers and virtual care service as the retail giant has struggled to find success with the offerings. Walmart, which launched its health centers five years ago, said Tuesday that it’s learned through managing the health centers and virtual service that ...
Tuesday, April 30
by
SRN News
Walmart to shut all health centers in US over lack of profitability
(Reuters) -Walmart plans to close all 51 of its health centers across five states in the U.S. as well as its telehealth operations, the company said on Tuesday, citing lack of profitability in those businesses. The big-box retailer said that reimbursement from insurers and other ...
Tuesday, April 30
by
SRN News
Walmart launches store-label food brand as it seeks to appeal to younger shoppers
NEW YORK (AP) — Walmart said Tuesday it is launching its biggest store-label food brand in 20 years in terms of its breadth of items, as it seeks to appeal to younger customers who are not brand loyal and want chef-inspired foods that are ...
Friday, April 26
by
ABC News
Walmart US CEO talks inflation, self-checkout, and paying six-figures to non-college degree workers
(NEW YORK) -- In an exclusive and far-reaching interview with ABC News, John Furner, president and CEO of Walmart U.S., talked about the retail giant’s push to hire more non-college degree workers for high-paying corporate jobs at the company.Currently, 75% of Walmart’s salaried managers ...
Tuesday, April 23
by
ABC News
Plastic bags from Walmart US recycling bins tracked to controversial plastic facilities in Southeast Asia
(NEW YORK) -- Pua Lay Peng lives on the front lines of the global plastic pollution crisis. The 52-year-old's hometown of Jenjarom, Malaysia has been transformed in recent years by thousands of tons of imported plastic waste from the U.S. and other wealthy nations. ...
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