Tag: walmart

Walmart shares hit a record closing figure of $162.61 this past week, closing slightly lower at $161.56 at the start of the new month. The company's shares are up by more than 13% this year, outpacing the Dow Jones Industrial Average's growth of 5% and significantly beating...

U.S. big box stores have experienced an upward surge in incidents of theft over the past financial quarter, suffering further inventory shrinkage as a result. This problem is compounded by other incidents such as organized crime, damage, vendor fraud, and lost items. Home Depot, Target,...

Investors are bracing themselves for a week of quarterly financial results from the United States' premium Box Box stores, with the likes of Walmart and Target leading the charge. Home Depot, TJX Companies, Deere & Co., and Ross Stores are also set to release...

U.S. retail giant Walmart discussed the latest ongoings in the company at its annual shareholders' meeting (AGM), with thousands of shareholders showing up in person and tuning in virtually to attend. CEO Doug McMillon announced that Walmart would be embarking on a price-cutting strategy,...

Stocks largely rose on Friday as investors follow the developments in the U.S. government's debt ceiling talks and a positive Walmart earnings report instills confidence in consumer spending. The S&P 500 rose by 0.94%, while the Dow Jones Industrial Average gained 115 points or 0.34%....

Walmart and Target executives claimed that the companies' recent quarterly earnings reports indicated that consumers have been trading down to cheaper options over the first three months of 2023. As Walmart CEO Doug McMillion told investors in an earnings call, the retail giant saw a...