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...Walmart had hoped to leverage its vast store footprint to become a destination for affordable healthcare and vice versa....
...But it has made first-party data, such as that collected by Walmart on the 255mn customers that visit its stores and websites each week, more valuable....
...For Dollar Tree, the blockbuster deal to buy Family Dollar in 2015 was meant to give the discount retailer the heft to compete against market leaders Dollar General and Walmart....
...The menswear runways are full of them, celebrities are wearing them on the red carpet, and stores are placing them at the heart of their spring/summer 2024 offerings....
...to spend $960mn to boost computing power for generative AI (Nikkei Asia) Chinese flying taxi sector claims global lead thanks to regulatory support (FT) Apple removes WhatsApp and Threads from China store...
...Apart from being many times more profitable than Walmart, app stores have another advantage....
...Meanwhile, Macy’s, the US department store chain, reported strong results on Thursday. Its shares closed up 5.7 per cent in New York....
...The discount clothing chains TJX and Ross Stores reported strong same-store sales and good margin performance in the third quarter. Their consumer is just fine....
...RetailNext, another data company, reported a 2 per cent increase in foot traffic at stores on Black Friday....
...“In the past, retailers like Walmart have responded to investments from these discount chains,” said UBS analyst Michael Lasser in a note. “The key here is how Walmart will respond....
...In India, for example, thousands of local stores have generated their own versions of ads featuring Bollywood star Shah Rukh Khan urging people to shop locally in a campaign for Cadbury by WPP....
...“People are buying more on credit, they’re saving less and they’re going to stores like Walmart more.”...
...Additional reporting by Taylor Nicole Rogers...
...Walmart shares are up 24 per cent over the past 12 months, compared to a decline of 3.3 per cent and a 2.5 per cent increase at the two rival big box stores....
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...Walmart management took among the most measured lines, observing that shrink is “uneven across the country . . . not in every market”....
...Later Oracle and Walmart reached an agreement to buy its US operations but the deal was shelved after the Biden administration decided to review the transaction....
...On Running, a Swiss brand founded in 2010, received a global profile boost in 2019 when tennis champion Roger Federer invested in the company....
...Big retailers including Target, Walmart and H&M have sold rainbow merchandise for roughly a decade with little pushback....
...Walmart, whose supercentres can be 10 times as large, has just over 5,700 stores in the two countries....
...Same-store sales, margins, inventory levels — these are some of the metrics investors look at when it comes to retail stocks. These days, they must also get to grips with LIFO, FIFO and COGS....
...Macy’s and Walmart have said they plan to hire thousands fewer holiday workers than they did last year....
...Walmart advertises starting salaries of up to $110,000 for drivers in its private fleet....
...Walmart stores, which initially opened in towns of fewer than 25,000 inhabitants, have been praised for providing local employment and cheap, high-quality goods....
...All hail too the wise king that is PepsiCo chief executive Roger Enrico (Tony Shalhoub). The current vogue for brand origin stories can seem impossibly weird....
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