Latest News Updates From Jaewon Kang

Business, Private, Top 100

Walmart CFO Says Shoppers Remain Focused on Food, Essentials

Walmart said shoppers are still spending about the same as they did a year or two ago, with a focus on food and essentials over discretionary purchases.

June 6, 2025
Business, Technology, Logistics, Autonomous, Private, Top 100

Walmart Enhances Drone Delivery in Attempt to Speed Up Orders

Walmart is adding drone delivery in five new cities in a bid to expand online sales and get goods to shoppers faster.

June 5, 2025
Business, Private, Top 100

Walmart Pledges Transparency on Prices After Rebuke From Trump

Walmart said it will continue to communicate the impact of tariffs with investors, consumers and policymakers after President Donald Trump criticized the retailer’s plans to raise prices.

June 5, 2025
Business, Private, Top 100

Costco Defies Tariff Shifts With Higher Profit, Lower Prices

Costco posted better-than-expected earnings in its 2025 Q3, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and economic turbulence.

June 3, 2025
Business, Private, Top 100

Walmart Names Company Veteran to Manage International Growth

Walmart selected a company veteran to fill a newly created role that aims to spark international growth, as the world’s largest retailer looks to bolster its overseas operations.

May 16, 2025
Government, Business, Private

Walmart Amps Up Discounts to Lure Cost-Conscious Customers

Walmart Inc. is doubling down on discounts, a move to drum up demand and grow market share in the face of macroeconomic uncertainty.

April 24, 2025
Business, Equipment, Private, Top 100

Lowe’s °®¶¹´«Ã½s In on Professional Customers in $1.3 Billion Deal

Lowe’s has agreed to buy an interior services provider for around $1.3 billion, the retailer’s latest effort to expand its footprint with professional contractors amid a soft housing market.

April 15, 2025
Government, Business, Logistics, Private

Walmart to Absorb Tariff Hikes to Keep Prices Low

As tariff-spooked shoppers begin pulling back on spending, Walmart is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.

April 9, 2025
Business, Private, Top 100

Albertsons Names New CEO Following Failed Deal With Kroger

Both top U.S. grocery operators are moving on from their respective CEOs only months after a proposed deal to combine their operations was blocked by a federal judge.

March 3, 2025
Business, Private, Top 100

Kroger CEO Rodney McMullen Resigns Following Ethics Inquiry

The board of directors said it was made aware on Feb. 21 of “certain personal conduct by McMullen and immediately retained outside independent counsel to conduct an investigation.â€

March 3, 2025