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Walmart Cuts 200 Corporate Jobs as Costs, Inventory Sap Profit

Walmart Inc. is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise.

August 3, 2022

Amazon Reports Strong Sales That Ease Fears of Slowdown

Amazon .com Inc. reported revenue that topped estimates and gave a strong sales forecast for the current quarter, allaying investor concerns about potential belt-tightening by inflation-rattled consumers. Shares jumped more than 10% in extended trading.

July 28, 2022

Walmart Cuts Full-Year Profit Outlook

Walmart Inc. cut its annual profit outlook for the second time this year, citing the need to lower prices to clear out bloated inventories.

July 25, 2022

Walmart Canada Adds 60-Foot Multizone Refrigerated Trailer

Walmart Canada has expanded its fleet to include for the first time in North America a 60-foot multitemperature-zone refrigerated trailer, built by Utility Trailer Manufacturing Co.

July 25, 2022

PepsiCo Boosts Outlook After Increasing Prices

PepsiCo Inc. is winning the inflation battle so far, successfully passing on surging commodity costs by persuading consumers to pay more for their soda and chips.

July 12, 2022

Amazon Prime Day Comes Amid Slowdown in Online Sales Growth

Amazon is heading into its annual Prime Day sales event today much differently from how it entered the pandemic.

July 12, 2022

Walmart Expands Program That Delivers Right to Your Fridge

Walmart can now drop off groceries right into customers’ refrigerators via its In°®¶¹´«Ã½ delivery service in several large metropolitan areas, the retailer announced July 6.

July 7, 2022

Amazon Will Take Stake in Grubhub, Offer Prime Users Membership

Just Eat Takeaway.com NV’s shares jumped the most in almost four years after Amazon.com Inc. agreed to take a stake in its Grubhub business.

July 6, 2022

Walmart Announces New Charges for Suppliers

Walmart Inc. is hitting some suppliers with two new charges as it struggles to soften the blow of surging transportation costs.

July 6, 2022