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Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors
Read full article: Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investorsWalmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment.
Walmart's hot sellers? Hand mixers and kitchen tools. In an era of high prices, basic is king
Read full article: Walmart's hot sellers? Hand mixers and kitchen tools. In an era of high prices, basic is kingWalmart is reporting strong second-quarter sales results as the retailer’s low-price model continues to attract budget-conscious consumers in a tough economic environment.
Walmart shines in rough retail environment, ratchets up outlook after strong first quarter
Read full article: Walmart shines in rough retail environment, ratchets up outlook after strong first quarterWalmart reported strong first-quarter sales results as the nation’s largest retailer’s low-prices continue to draw budget conscious consumers in a challenging economic environment of stubbornly high inflation.
Hot dogs vs deli meat; rising costs shape choices at Walmart
Read full article: Hot dogs vs deli meat; rising costs shape choices at WalmartWalmart reported better-than-expected second quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.
Walmart sales still strong as pandemic eases, stimulus helps
Read full article: Walmart sales still strong as pandemic eases, stimulus helpsWalmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers, flush with U.S. stimulus payments, splurged on clothing, as well as lawn and garden items.
Video app TikTok leans into e-commerce with Shopify deal
Read full article: Video app TikTok leans into e-commerce with Shopify dealThe popular short-form video app TikTok, still under U.S. government scrutiny for its Chinese ownership, is moving closer to becoming a marketplace for buying stuff. Canadian e-commerce platform Shopify said Tuesday it's made a deal with TikTok enabling merchants to create “shoppable” video ads that drive customers to online stores. The partnership was announced Tuesday amid stalled negotiations for Walmart to buy a 7.5% stake in the video app. Then, video ads will be automatically generated that could show up in a TikTok user’s video feed and drive customers to Shopify for checkout. Walmart and Shopify are on good terms, having teamed up against Amazon in June on a deal that enables Shopify’s small businesses to get listed on Walmart.com.
As people resume work, these seven kinds of jobs are making the biggest return
Read full article: As people resume work, these seven kinds of jobs are making the biggest returnThe manufacturing industry added 225,000 jobs. Health care hires jumped significantly in May, boosted by the reopening of dental offices reopening, which added 244,800 jobs. The company estimates those dental offices have added nearly 6,000 jobs, all of them employees returning from furloughs. Delivery and laundry workersMeanwhile, personal and laundry services added 182,300 jobs. Services to buildings and dwellings added 68,400 jobs last month, according to the Bureau of Labor Statistics.
Walmart CEO says we’re in the ‘hair color’ phase of panic buying
Read full article: Walmart CEO says we’re in the ‘hair color’ phase of panic buyingNow hair clippers and hair dye are flying off shelves. "You can definitely see that as people have stayed home, their focus shifted," Walmart CEO Doug McMillon said on the Today Show, Friday. Panic buying begat even more panic buying, and the run on bathroom tissue sent ripple effects through the supply chain. Sales of hair clippers increased 166% and hair coloring products rose 23%, from the same period a year earlier, according to Nielsen. “I don’t want to put myself at risk [of catching the coronavirus] just to make sure someone’s hair is pretty.”