1. Channel: Mass

Walmart beats expectations and raises full-year guidance

Written by Posted on Less than 0 min read

Walmart posted a 7.4 percent gain in U.S. same-store sales, well above the 5.1 percent gain expected by Wall Street. The company also lifted its annual earnings guidance from $6.10 to $6.20 per share, up from $5.95 to $6.05. “It’s a great time to be a merchant,” said Walmart CEO Doug McMillon. “We continue to…

Continue reading →

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Operations & Supply Chain

Railroad workers want the federal government to grant them sick time

Rail workers are asking President Joe Biden or a federal agency to issue an order granting them seven paid sick leave days a year. The dispute over paid sick leave was at the heart of the impasse between the workers and freight rail operators in the recent labor negotiations. Congress passed a bill that forced […]
< 1 min read
0
  1. Department & Category

U.S. Food Companies Go Deal Hunting as Pandemic Growth Fades

U.S. packaged food companies are gearing up for a wave of acquisitions to restructure their brand portfolios as pandemic-driven growth slows and the impact of price hikes levels off. Last month, Campbell Soup acquired Sovos Brands for $2.7 billion, while Unilever purchased premium frozen yogurt brand Yasso and Mars, the maker of Snickers, acquired Kevin’s… […]
< 1 min read
0
  1. Stores & Formats

Sears Opening New Stores Again Discreetly

Despite common belief among most consumers that the American retailer Sears has disappeared, the truth unveils Sears opening new stores. View Original Article Consumers Brick and Mortar RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years […]
< 1 min read
0
  1. Trends & External Forces

FDA clears sale of abortion pills in retail pharmacies

The Food and Drug Administration is making a regulatory change that will give retail pharmacies the ability to sell abortion pills with a prescription from a licensed healthcare provider. The medication, mifepristone, has previously been dispensed through medical care facilities and mail-order pharmacies. View Original Article Government Health & Wellness Dept. Grocery RetailWire Member since […]
< 1 min read
0
  1. Channel: Delivery

Instacart handing out company-wide bonuses after pushing back IPO

Instacart in December will hand out cash bonuses companywide. The delivery service chose to distribute the bonuses in an attempt to retain staff following its decision to delay pursuing an initial public offering of the company’s stock. View Original Article Instacart Results & Investment Start Ups Associates Delivery RetailWire Member since October 25, 2020 Loading […]
< 1 min read
0
  1. Media & Marketing

Google Settles Incognito Mode Lawsuit

Google has agreed to get rid of or make anonymous billions of records of web browsing data collected from its private browsing “Incognito mode.” This move comes as part of a proposed class action settlement filed Monday in the Brown v. Google case. View Original Article Legal & Criminal Google Editor's Choice Data & Insights […]
< 1 min read
0
5
  1. Stores & Formats

High earners are shopping in dollar stores

Visits to dollar stores among individuals with household incomes of $100,000 or more increased four percent this year compared to 2022, according to InMarket. Forty-five percent of households with six-figure incomes now shop at dollar stores, according to Morning Consult. View Original Article Editor's Choice Consumers Brick and Mortar Dept. Nonfood RetailWire Member since October […]
< 1 min read
0
  1. CPG: HBC

Higher prices help P&G offset lower demand for its products

Procter & Gamble posted year-over-year sales and revenue increases that exceeded Wall Street’s expectations. The consumer packaged goods giant achieved its gains through price increases, which also contributed to a three percent decline in the company’s volume for the quarter. View Original Article Procter & Gamble Consumers Economy RetailWire Member since October 25, 2020 Loading […]
< 1 min read
0
  1. Channel: Restaurants

WcDonald’s Anime Universe Comes to Life

McDonald’s is bringing the beloved WcDonald’s universe from anime fiction into reality. This collaboration with top names in anime promises to revolutionize dining experiences globally. View Original Article Restaurants RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon Broadens Same-Day Pharmacy Delivery Service to New York City and Los Angeles

Amazon is looking to make prescription delivery as seamless as possible for customers in New York City and Los Angeles by adding them to the list of cities where it provides same-day pharmacy deliveries. View Original Article Delivery Amazon Dept. Pharmacy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier […]
< 1 min read
0
  1. Uncategorized

Old 3G Mobile Phones Face Cutoff as 5G Takes Over

Telecoms companies are phasing out old 3G networks in favor of newer, faster 5G systems, which could leave owners of older mobile phones without service. Vodafone has already made the switch, leaving behind 3G in favor of more advanced 4G and 5G services. View Original Article RetailWire Member since October 25, 2020 Loading + Follow […]
< 1 min read
0
  1. Corporate Finance

Tuesday Morning moves closer to liquidation

Tuesday Morning said that a sale of more than 200 locations to Hilco Global would likely mean the stores would be liquidated. Hilco outbid Global Management LLC for Tuesday Morning’s remaining locations. The liquidator’s bid still needs approval from the U.S. Bankruptcy Court in Fort Worth, TX. View Original Article Bankruptcy Brick and Mortar RetailWire […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

UPS strike could disrupt e-comm fulfillment

UPS’s 350,000 unionized workers could strike if the parcel delivery giant cannot reach a deal on a new labor contract. The company’s unionized staff is represented by the Teamsters, which is looking to get something back after agreeing to a 2018 deal that many members saw as insufficient. UPS has posted annual profits over the… […]
< 1 min read
0
  1. Department: Nonfood

Malls find some ‘ruff’ going as pet parents bring their puppies shopping

Malls have welcomed pet parents to bring along their puppies in an effort to attract more shoppers. The results have sometimes been chaotic and messy. View Original Article Shoppers Dept. Pet RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource […]
< 1 min read
0
  1. Associates & Employees

Retail c-suites face a labor shortage

A large number of retailers and brands are looking for new CEOs, including Adidas, Calvin Klein, Designer Brands, Puma, The RealReal, Rite Aid, Stitch Fix and VF. Tenure among CEOs at the top 1,000 U.S. companies fell to 6.9 years, down from eight in 2017, according to Korn Ferry. View Original Article Recommerce Associates Rite […]
< 1 min read
0
  1. Uncategorized

The ‘American Dream’ appears out of reach for today’s kids

A new Gallup poll finds that only 42 percent of U.S. adults believe that kids today will do better economically than their parents. That’s a drop of 18 percent since June 2019. “Americans have as little optimism as they have had at any time in nearly three decades about young people’s chances of having greater […]
< 1 min read
0
  1. Shopper & Customer

Cigarettes Are Losing Their Pull Over Consumers Seeking a Nicotine Fix

Smokers in the U.S. are shifting from cigarettes to other options available on the market, such as vapes, at a more rapid pace than anticipated, and tobacco giants are feeling the pressure. View Original Article Consumers RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the […]
< 1 min read
0
  1. Holiday & Events

Americans are willing to spend to keep Thanksgiving traditions

It costs more to travel than last year. It also costs more for a Thanksgiving meal. These inflation-driven realities do not appear to be deterring Americans in any significant way from their annual traditions. View Original Article Economy Holiday & Events RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier […]
< 1 min read
0
  1. Trends & External Forces

Inflation hits Barbie where it hurts

Mattel cut its profit forecast and said it would increase its Christmas season promotion as inflation is causing American consumers to question the need to buy Barbie dolls and Fisher-Price toys. “We are in the midst of a challenging macroeconomic environment, which equals volatility,” said Mattel CEO Ynon Kreiz. View Original Article Consumers Economy Holiday […]
< 1 min read
0
  1. Trends & External Forces

Prices remain high even as inflation cools

The annual rate of inflation has dropped for six consecutive months, but prices still remain substantially higher than a year ago. Some goods, notably eggs, have been hit with continually rising prices, well above the inflation rate. View Original Article Dept. Dairy Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is […]
< 1 min read
0
Next