Hints and tips:
...Walmart shares were up 2.1 per cent shortly after Wall Street’s opening bell on Thursday....
...Additional reporting by Andrew Edgecliffe-Johnson...
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...Walmart would be subject to “robust oversight” to prevent fraudulent prescriptions in future, she noted....
...Andrew Edgecliffe-Johnson is the FT’s US business editor Follow @FTMag on Twitter to find out about our latest stories first A previous version of this story incorrectly described Walmart’s assessment...
...“We finished the quarter on a strong note,” said John David Rainey, Walmart’s new chief financial officer....
...“The increasing levels of food and fuel inflation are affecting how customers spend,” said Doug McMillon, Walmart’s chief executive....
...Walmart, the largest US retailer, is responding by offering entire Thanksgiving meals that cost less than $50 for a family of four....
...Walmart’s growth was built on aggressively competitive prices and the tempting promotions it calls “rollbacks”....
...Additional reporting by Andrew Edgecliffe-Johnson in New York...
...Walmart profit warnings shine a light on disparities in US consumer behaviour, the International Monetary Fund slashes its global growth forecast, and Argentines are scrambling to exchange their pesos for...
...Early this week, Baird named Walmart its top “recessionary playbook” idea....
...Chains from Walmart to Macy’s have lamented similar inventory overstocking, with Target announcing on June 7 that it would mark down prices and cancel orders in order to clear out excess inventories....
...Additional reporting by Lydia Tomkiw and Andrew Edgecliffe-Johnson in New York and Adam Samson in London...
...Smart reads Welcome to Wally World Walmart has made a bold declaration that it can help save the planet by selling more stuff....
...“They’re comparable to Walmart, they’re a discount retailer. $2,000 bikes are not mass market products.”...
...Joe Biden has secured pledges from Walmart, UPS and FedEx to extend their working hours in a bid to ease supply chain bottlenecks that are weighing down the US and global economic recoveries....
...Walmart has poached PayPal finance chief John Rainey as its next CFO....
...Dollar General now operates almost 17,800 stores and Dollar Tree has more than 15,900, compared with Walmart’s 4,740 larger US outlets....
...Rivals AstraZeneca, Johnson & Johnson, Russia’s Sputnik V and new entrants such as Novavax make up the remainder of the market, which is forecast to double in value to $124bn next year....
...The AU will pay $6.75 a dose for the BioNTech/Pfizer vaccine and $10 for Johnson & Johnson’s, a single-dose product....
...Walmart, Salesforce, Johnson & Johnson, HP, Truist (formerly BB & T and SunTrust banks) and utility Southern Company gave rival US business school teams diversity goals to meet, and asked them to come up...
...She was picked to join the Starbucks board in January 2017, but within months its chief executive, Kevin Johnson, had made her one of his top executives....
...Doug McMillon, Walmart’s chief executive, remembered Sorenson as a bold, compassionate, “best-in-class business leader”, while Josh Bolten, chief executive of the Business Roundtable, praised his “relentless...
...The US drugs regulator on Saturday night authorised Johnson & Johnson’s single-jab Covid-19 vaccine for emergency use....
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