Walmart to slash prices to get rid of excess stock
Walmart informed investors that it plans to lower prices on discretionary items like apparel as it faces a sudden surplus of goods.
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Tag: Retail
Walmart cuts its profit forecast as inflation affects shopping habits
Walmart has reduced its quarterly and full-year earnings guidance, as inflation cause customers to spend more on basics such as food and less on discretionary items like apparel and electronics.
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Amazon CEO names new head for company’s troubled retail business
Amazon CEO Andy Jassy chose a new leader for the company’s problematic retail division, which is coping with a surplus of warehouse space as a result of the pandemic’s huge expansion.
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Apple staff set for pay rise as company looks to keep “the best team members in the world”
Apple announced on Wednesday, May 26 that wages for corporate and retail employees will be increased later this year. The move comes amid a record tight labour market in the United States, as well as rising inflation and living costs for employees.
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Jobs that could eventually be replaced by Artificial Intelligence
The future is fast approaching.
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