walmart

Amazon is preparing for a “Summer” Sale to lure back customers frustrated by shipping delays and other ordering woes that have plagued the online retailer during the coronavirus pandemic. Despite surging demand since the pandemic struck, Amazon has actually lost market share to rivals like Walmart and Target as weeks-long shipping delays and perpetually out-of-stock …

While many Americans have used their stimulus checks to cover basic needs such as groceries and paying off their mortgage or rent, there’s evidence people are also spending the money on non-essentials including electronics, clothes and toys, according to major retailers. “Call it relief spending, as it was heavily influenced by stimulus dollars, leading to …

Walmart exceeded Wall Street expectations with its quarterly revenue and earnings on Tuesday and reported record US online sales after consumers rushed to stock up on necessities during the coronavirus pandemic. Shares in the world’s top brick-and-mortar retailer were up 2 percent in morning trading and about 7 percent so far this year, far outpacing …

Walmart said it’s shutting down Jet.com, just four years after it shelled out $3.3 billion to buy the online grocery startup in a bid to compete with Amazon. The world’s biggest retailer scooped up Jet.com — founded in Hoboken, New Jersey, by e-commerce pioneer Marc Lore — in 2016 in a bid to beef up …

Amid the carnage of the US employment report for April was one bright spot: Superstores led by Walmart, the world’s largest retailer, added more than 90,000 jobs. Overall, roughly 20.5 million people lost their jobs in April, the Labor Department said on Friday, a wipeout of jobs at a rate not seen since the 1930s. …

Entrepreneurs looking to sell their wares at Walmart, listen up. Walmart CEO Doug McMillon has signed up for the digital fundraising campaign, All-In Challenge, to help fight the coronavirus crisis, and it includes a chance for small businesses to have their products sold at the nation’s largest retailer. McMillon and his management team have agreed …

Walmart said it is creating one-way aisles at its massive superstores beginning Thursday in a bid to stem the spread of coronavirus. “One-way aisles are designed to increase social distancing and give customers more space on each aisle,” Walmart explained in a Facebook post this week. “There will be floor decals in place to help …

Walmart is rolling out 50,000 new jobs. Retail giant Walmart said it would hire thousands of new employees to help it keep pace with surging demand for food and supplies as Americans stock up to get through the COVID-19 pandemic, Reuters reported. As a purveyor of foods and household essentials, Walmart has seen demand surge …

Amazon’s moves to reduce strain on its grocery businesses by putting new online shoppers on wait lists and switching more Whole Foods resources to filling orders, is unmasking limitations at the company that was expected to upend the supermarket industry. The coronavirus pandemic should be Amazon’s moment to shine. Some 90 percent of US shoppers …

Toilet paper is rolling off Walmart’s shelves so fast that the retailer sold enough in the last five days to give every American one roll, CEO Doug McMillon said Friday. That suggests customers snapped up some 329 million rolls of TP as coronavirus panic shopping continued to hit the giant department store chain. McMillon urged …