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“Retailers add cameras, steel cables to deter holiday crime” Retailers ranging from Walmart to Barnes & Noble are installing cameras or locking away items to deter shoplifters and thieves as they brace for a post-pandemic rush of holiday shoppers this year. Some, including Walmart, J.C. Penney, Apple and Walgreens, put in place new surveillance systems or more security…
“Best concert tickets prices, dates” Vivid Seats is the New York Post’s official ticketing partner. We may receive revenue from this partnership for sharing this content and/or when you make a purchase. 78-year-old Patti LaBelle has been performing since 1960 when she formed the girl group The Ordettes with high school friends. Now, 62 years…
“US companies dictate minimum prices on goods to retailers, shoppers left with fewer discounts” Shoppers will find fewer discounts on everything from toys to tortillas as companies increasingly set minimum prices on their goods to maintain profits and limit price cutting by retailers like Walmart and Amazon. For many years, manufacturers set the lowest price at which…
“Target blames ‘organized’ crime for $400M loss in profits” Target said it has lost a whopping $400 million in profits this year thanks to organized gangs of shoplifters who have been systematically stealing merchandise from its discount stores. “At Target, year-to-date, incremental shortage has already reduced our gross margin by more than $400 million vs….
“Sam’s Club declares war on Costco with $1.38 hot dog and soda combo” Let the hot dog and soda wars commence. Sam’s Club, the membership-only wholesale retailer owned by Walmart, is cutting the price of its hot dog and soda combination by 12 cents — from $1.50 to $1.38. The move — which undercuts Costco’s…
“Walmart offers to pay $3.1 billion to settle opioid lawsuits” Walmart proposed a $3.1 billion legal settlement on Tuesday over the toll of powerful prescription opioids sold at its pharmacies, becoming the latest major drug industry player to promise major support to state, local and tribal governments still grappling with a crisis in overdose deaths. The…
” Walmart CTO says crypto will become a ‘major’ payments disruptor “ Walmart’s global chief technology officer (CTO) Suresh Kumar has tipped cryptocurrency to become a “major” area of disruption, particularly in how customers pay for virtual and physical goods in the future. Speaking at the Yahoo Finance All Markets Summit on Oct. 17, Kumar…
“Walmart cutting 200 corporate jobs amid lower profit forecasts” Walmart confirmed Wednesday it is laying off corporate workers as part of a restructuring process. “We’re updating our structure and evolving select roles to provide clarity and better position the company for a strong future,” a company spokesperson told FOX Business in a statement. “At the same time,…
“Walmart warns of lower profit due to food, gas inflation” Walmart on Monday lowered its profit outlook for the second quarter and the full year, citing surging inflation on basics like food that is forcing shoppers to cut back on discretionary items, particularly clothing, that carry higher profit margins. That behavior is forcing the nation’s…
“Walmart adds another adult brand to its shelves” Prices aren’t the only thing subject to inflation at Walmart. The mega-retailer is now selling a new line of adult products, all for under $20 each on their online store. Products from Justin Sayne’s “fetish mafia” line are now available to Walmart customers who shop online. The…