Matthew Boyle

Business, Logistics

Two Years After Amazon Deal, Whole Foods Is Just $10 Cheaper

Amazon Dania Maxwell/Bloomberg News

Amazon.com’s $13.7 billion purchase of Whole Foods Market spawned endless speculation about how the internet giant would change the upscale grocer. Two years later, we’ve got an answer: Ten bucks.

Matthew Boyle | Bloomberg News
July 10, 2019
Business, Technology

Target Takes a Hit From $50 Million Register Outage

Target Michael Liedtke/Associated Press

The impact of Target Corp.’s weekend register glitch won’t show up until the retailer discloses quarterly revenue in August, but it could have cost the company about $50 million in lost sales, according to one analyst.

Matthew Boyle | Bloomberg News
June 17, 2019
Government, Business, Logistics

Walmart’s New Pricing Tool Allows Suppliers to Factor in Cost of Tariffs

Walmart Patrick T. Fallon/Bloomberg News

Walmart Inc. has updated the information network used daily by its suppliers to let them submit cost increases that are directly attributable to higher U.S. tariffs on Chinese goods.

Matthew Boyle | Bloomberg News
June 12, 2019
Business

Walmart Rises After Strong Start to Year, but Tariffs Still Loom

Walmart A Walmart store. (Patrick T. Fallon/Bloomberg News)

Walmart Inc. rose after reporting sales that met analysts’ expectations. Still, concerns are growing that Chinese tariffs could soon force the retailer to raise its famously low prices or sacrifice its bottom line.

Matthew Boyle | Bloomberg News
May 16, 2019
Business, Technology, Logistics

Walmart Matches Amazon With Free One-Day Shipping on Many Items

Patrick T. Fallon/Bloomberg News

Walmart Inc. wants to one-up Amazon.com in the fight for online shoppers. The world’s largest retailer is rolling out a next-day delivery service to counter Amazon’s recent move to speed shipment times for top customers to just one day from two.

Matthew Boyle | Bloomberg News
May 14, 2019
Business, Logistics, Top 100

Walmart Capable of Matching Amazon’s One-Day Pledge, Analyst Says

Walmart truck Walmart Corporate

Walmart Inc. could easily match Amazon.com’s one-day delivery gambit, according to an analyst who worked at the world’s largest retailer.

Matthew Boyle | Bloomberg News
April 26, 2019
Business, Logistics

Target Soars as Rosy Full-Year Outlook Follows Brisk Holiday Sales

Target Mark Kauzlarich/Bloomberg News

Target Corp. jumped the most in more than two months as it followed up strong holiday sales with upbeat projections for the current year, distancing itself from the travails of mall-based department stores.

Matthew Boyle | Bloomberg News
March 5, 2019
Business, Logistics

Walmart Surges After Reporting Best Holiday Quarter Since 2009

Walmart Patrick T. Fallon/Bloomberg News

Walmart Inc. finally gave the U.S. retail sector some good news. The company brushed off the industry’s disappointing December sales with its best holiday quarter in at least a decade, soothing concerns about the sector’s outlook for 2019. Comparable sales for Walmart stores in the United States — a key performance barometer — rose 4.2% in the quarter that included Christmas, beating analysts’ estimates by a full percentage point.

Matthew Boyle | Bloomberg News
February 19, 2019
Business, Technology, Top 100

Walmart Wants to Expand Reach in Online Advertising

Walmart Patrick T. Fallon/Bloomberg News

Walmart Inc. is big in almost every way — 4,755 stores, 1.5 million employees and $380 billion in revenue in the United States alone. But one part of the world’s largest retailer remains minuscule. “We have a tiny ad business,” CEO Doug McMillon told investors in October. “It could be bigger.”

Matthew Boyle | Bloomberg News
February 11, 2019
Business, Safety

Walmart Revamps Employee Sick-Leave Policy

Walmart worker Patrick T. Fallon/Bloomberg News

Walmart Inc. is making sweeping changes to its employment policies this month, granting paid sick leave to hourly workers in the United States, and, at the same time, possibly making it easier to fire those who miss too many shifts.

Matthew Boyle | Bloomberg News
February 1, 2019

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