Latest News Updates From Jaewon Kang

Government, Business, Private, Top 100

Walmart CEO: Food Prices Are Causing ‘Frustration and Pain’

The CEO of Walmart Inc. said American consumers are showing signs of stress as food prices remain stubbornly high.

February 28, 2025
Business, Private, Top 100

Walmart Raises Pay for Market Managers

Walmart Inc. is raising compensation for some managers as the big-box retailer seeks to attract and retain staff.

January 24, 2025
Business, Private

Albertsons Raises Profit Guidance After Dropping Kroger Deal

Albertsons Cos. raised its adjusted earnings outlook for the full year, a positive sign for the grocer seeking to pave a new path after its proposed deal with Kroger Co. fell apart.

January 8, 2025
Business, Private

Costco Profit Beats Estimates on Healthy Consumer Spending

Costco Wholesale Corp. posted quarterly profit that beat expectations, showing the big-box retailer remains unfazed by tighter consumer spending.

December 13, 2024
Business, Logistics, Private

Tally of US Shoppers Slipped During Thanksgiving Weekend

Fewer Americans shopped during Thanksgiving weekend this year, a sign that consumers remain selective about spending.

December 3, 2024
Business, Private, Top 100

Walmart Outshines Rivals With High Employee Bonuses

Walmart Inc.’s corporate employee bonuses are set to surpass targets again this year as the company’s stock soars and sales outperform its retail rivals.

November 22, 2024
Business, Logistics, For-Hire, Private, Global Freight

Walmart Challenges Amazon With Prescription Delivery

Walmart Inc. will start delivering prescriptions to U.S. homes in as little as 30 minutes, a move that’s intended to grab a bigger slice of online spending and compete against Amazon.com Inc.

October 22, 2024
Business, Private, Top 100

Kroger Ups Full-Year Sales Forecast on Grocery Spending

Kroger Co. lifted its full-year sales guidance as the grocery-store operator benefits from consumers prioritizing spending on groceries and other essentials.

September 12, 2024
Government, Business, Private

Kroger Doubles Price Cut to $1 Billion Post-Albertsons Merger

Kroger Co. has pledged to cut grocery prices by $1 billion, doubling its initial promise, as it seeks to win regulatory approval for its $25 billion merger with Albertsons Cos.

August 15, 2024
Business, Logistics, Private

Walmart Expects E-Commerce Profits Within Two Years

Walmart Inc. said it expects to generate profits in its U.S. e-commerce business within the next two years.

June 7, 2024