Business, Private

Walmart Cuts 200 Corporate Jobs as Costs, Inventory Sap Profit

 Signage outside a Walmart store in Albany, N.Y. Signage outside a Walmart store in Albany, N.Y. (Angus Mordant/Bloomberg News)

Walmart Inc. is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise.

Brendan Case | Bloomberg News
August 3, 2022
Business, Technology, Logistics, Private

Amazon Starts Same-Day Deliveries From Stores in Metro Areas

amazon signage Bridget Bennett/Bloomberg News Inc. has started delivering items from brick-and-mortar stores in a dozen metro areas, the e-commerce giant’s latest effort to make more products available for speedy delivery.

Matt Day | Bloomberg News
August 1, 2022
Business, Logistics, Private

Amazon Reports Strong Sales That Ease Fears of Slowdown

Amazon packages on a New York City sidewalk Amazon packages on a sidewalk in New York City. (Jeenah Moon/Bloomberg News)

Amazon .com Inc. reported revenue that topped estimates and gave a strong sales forecast for the current quarter, allaying investor concerns about potential belt-tightening by inflation-rattled consumers. Shares jumped more than 10% in extended trading.

Spencer Soper | Bloomberg News
July 28, 2022
Business, Private

Walmart Cuts Full-Year Profit Outlook

Signage outside a Walmart store in San Leandro, Calif. Two months ago, Walmart had said earnings per share would only dip about 1%. (David Paul Morris/Bloomberg News)

Walmart Inc. cut its annual profit outlook for the second time this year, citing the need to lower prices to clear out bloated inventories.

Brendan Case | Bloomberg News
July 25, 2022
Business, Technology, Equipment, Private, Top 100

Walmart Canada Adds 60-Foot Multizone Refrigerated Trailer

The 60-foot refrigerated trailer can fit as many as 30 pallets of perishable goods. By comparison, a 53-foot trailer can fit about 26 pallets. (Walmart Canada)

Walmart Canada has expanded its fleet to include for the first time in North America a 60-foot multitemperature-zone refrigerated trailer, built by Utility Trailer Manufacturing Co.

Roger Gilroy | Senior Reporter
July 25, 2022
Business, Private

PepsiCo Boosts Outlook After Increasing Prices

PepsiCo products on a shelf Cans of Pepsi and Diet Pepsi are seen on a grocery store shelf in Louisville, Ky. (Luke Sharrett/Bloomberg News)

PepsiCo Inc. is winning the inflation battle so far, successfully passing on surging commodity costs by persuading consumers to pay more for their soda and chips.

Brett Pulley | Bloomberg News
July 12, 2022
Business, Technology, Logistics, Private

Amazon Prime Day Comes Amid Slowdown in Online Sales Growth

Amazon prime truck A truck travels outside the Amazon LDJ5 fulfillment center in Staten Island, N.Y. (Michael Nagle/Bloomberg News)

Amazon is heading into its annual Prime Day sales event today much differently from how it entered the pandemic.

Haleluya Hadero | Associated Press
July 12, 2022
Business, Logistics, Private, TCA

Walmart Expands Program That Delivers Right to Your Fridge

Walmart employee places items inside a customer's refrigerator A Walmart delivery person places items inside a customer's refrigerator. (Walmart)

Walmart can now drop off groceries right into customers’ refrigerators via its InHome delivery service in several large metropolitan areas, the retailer announced July 6.

Bernadette Berdychowski | Tampa Bay Times
July 7, 2022
Business, Technology, Logistics, Private

Amazon Will Take Stake in Grubhub, Offer Prime Users Membership

Grubhub Andrew Harrer/Bloomberg News

Just Eat NV’s shares jumped the most in almost four years after Inc. agreed to take a stake in its Grubhub business.

Amy Thomson | Bloomberg News
July 6, 2022
Business, Logistics, Private

Walmart Announces New Charges for Suppliers

Walmart George Frey/Bloomberg News

Walmart Inc. is hitting some suppliers with two new charges as it struggles to soften the blow of surging transportation costs.

Brendan Case | Bloomberg News
July 6, 2022