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...Walmart’s weak M&A record invites scepticism....
...This isn’t just a deal gone bad. The problems across the dollar store sector are a reminder that lower income Americans are suffering disproportionately post-pandemic. pan.yuk@ft.com...
...Meanwhile, Macy’s, the US department store chain, reported strong results on Thursday. Its shares closed up 5.7 per cent in New York....
...Apart from being many times more profitable than Walmart, app stores have another advantage....
...I’d give that maybe just marginal odds over a soft landing, 55 to 45, something like that. But it’s a super close call....
...Walmart is a well-run company with immense scale and a strong ecommerce operation, which has taken share from rivals....
...“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....
...RetailNext, another data company, reported a 2 per cent increase in foot traffic at stores on Black Friday....
...Outside its home market, Walmart pointed to a 28 per cent sales increase from its stores in China as the country eased Covid-related restrictions....
...A similar divergence is taking place. 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....
...Walmart is beating Amazon in the battle for online consumers in India, a rare ecommerce win for a US retailer known for selling low-cost goods in bare-bones stores....
...US and UK stores have been grappling with increased rates of “shrink” — a catch-all term for theft and organised retail crime — this year, though it is not a new issue for the sector....
...When a courier received a receipt, all they saw was an anonymised route from A to B, alongside the number of miles and what they were paid....
...The House of Representatives on Wednesday finally acted on those concerns by voting 362-65 to approve a bill which would ban app stores from distributing TikTok unless ByteDance divests the popular video-sharing...
...Walmart, whose supercentres can be 10 times as large, has just over 5,700 stores in the two countries....
...The idea was that as new leases pass into the CPI, which also includes existing leases, you’d see convergence....
...Online grocery is instead dominated by incumbents, and we’d look to the larger of these (Walmart, Kroger – already a partner) as more likely suitors....
...There’s a lot of companies in the double-B category that were downgrades from triple-B. They’re better companies. It’s a different high-yield than, say, 10 years ago ....
...“Sixty-five per cent of the whole grocery store is processed,” he added....
...Walmart said on Tuesday it had “significantly improved” its inventory position in the third quarter. This stood at $64.7bn at the end of October. That is up from $57.5bn a year ago....
...at its stores....
...That should reassure investors in Main Street USA as well as in the store chain. Walmart is a bellwether for US consumer demand....
...The rightwing pundit Dinesh D’Souza put it more bluntly: “Walmart has gone woke”. I first came to Bentonville in 1999, when Walmart bid for the UK’s Asda grocery chain....
...Walmart aims to build more than 75 medical centres in the US by the end of 2024. Dollar General is testing mobile health clinics outside some of its stores....
...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....
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