Walmart, the largest retailer in the United States, on Thursday reported stronger-than-expected growth in sales and profit as it attracted more shoppers willing to open their wallets, a sign that […]
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Back to news homeAs Dollar Stores Proliferate, Some Communities Say No
”We often take over vacant space in neighborhoods and areas that are already challenged, keeping centers and other adjacent businesses open and serving communities, especially those that are underserved,” Dollar […]
‘OK, Mexico, Save Me’: After China, This Is Where Globalization May Lead
As American companies recalibrate the risks of relying on Chinese factories to make their goods, some are shifting business to a country far closer to home: Mexico.The unfolding trend known […]
As Silicon Valley Retrenches, a Tech Talent Shift Accelerates
“Nearly every company is going through this — they need tech talent,” said Lori Beer, global chief information officer at JPMorgan.More on Big TechIf the economy enters a recession, employment […]
US Shoppers Are Still Spending, as Long as Retailers Give Them a Reason
Despite months of unease about the state of the economy, Americans remain willing to spend money on all sorts of goods. But they are making it clear that retailers must […]
Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade
Walmart is also a bellwether for the retail industry, providing a hint at what earnings might look like for Target, Macy’s and others that report this week.Home Depot, for its […]
Legacy Black-Owned Businesses Get a Reboot
When the cosmetics brand Fashion Fair’s top-selling lipstick, Chocolate Raspberry, disappeared from makeup counters, many Black women despaired. The vibrant magenta shade popped against brown skin tones, and it had […]
Retailers Stumble Adjusting to More Selective Shoppers
This hasn’t been the year retailers planned for.After two years of navigating the pandemic — which brought record online sales and shoppers willing to buy all manners of items, to […]
CEOs Are Obsessed With ‘Elasticity’ as Inflation Soars. Here’s Why.
When companies raise prices, they make assumptions about the strength of their brands and how inflation affects their typical customers — earnings at the mass-market retailer Target have plunged because […]
CVS, Walgreens and Walmart Must Pay $650.5 Million in Ohio Opioids Case
At trial, Mr. Lanier’s experts said the counties would need more than $3 billion, which he described as an amount equivalent to “the sun, the moon and the stars.” Judge […]