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Walmart Reports Strong Q2 on Low-Price Model

NEW YORK — Walmart reported strong second-quarter sales results as the retailer’s low-price model continues to attract budget-conscious consumers in a tough economic environment.

August 17, 2023
BusinessPrivate

Aldi to Buy 400 Winn-Dixie, Harveys Stores in Southern US

Discount grocer Aldi said Aug. 16 it plans to buy 400 Winn-Dixie and Harveys supermarkets in the southern U.S.

August 16, 2023
BusinessLogisticsPrivate

Amazon Imposing Fee on Sellers Who Do Their Own Shipping

Amazon.com Inc. is imposing a new fee on merchants who don’t use the company’s logistics services, a change many of these sellers consider coercive and surprising.

August 16, 2023
BusinessTechnologyFuelPrivate

Amazon Dinged for Coming Up Short on Carbon-Emission Actions

Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from the world’s leading watchdog of corporate climate goals.

August 14, 2023
BusinessLogisticsPrivate

Tyson Foods to Close Four Chicken Processing Plants

Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.

August 7, 2023
BusinessPrivate

Amazon Profits, Revenue Surge in Q2

NEW YORK — Amazon on Aug. 3 posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading.

August 3, 2023
BusinessTechnologyLogisticsPrivate

Amazon Fresh Offers Grocery Delivery to Non-Prime Members

Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members.

August 2, 2023
BusinessLogisticsPrivate

Amazon to Double Number of Same-Day Delivery Facilities

Amazon.com Inc. will double the number of U.S. same-day delivery facilities in the “coming years,” the company announced July 31.

July 31, 2023
BusinessEquipmentPrivate

United Rentals Profit Rises on Ahern Deal, Demand Tailwind

United Rentals Inc. reported net income of $591 million in the second quarter of 2023, an increase of 19.9% from $493 million in the year-ago period, the company said.

July 28, 2023
BusinessPrivate

Walmart Seen Gaining More Than 30% Over the Next Year

Walmart Inc. shares could surge more than 30% in the next 12 months as the shopping behemoth continues to gain market share even as grocery inflation eases, according to Piper Sandler.

July 25, 2023