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The Latest Breaking News from Doug McMillon

Despite high inflation, Americans are spending like crazy – and it's kind of puzzling

Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.

WEKU

Shoplifting is 'spreading faster than Covid,' according to Ex-Home Depot CEO

Bob Nardelli says shoplifting is “spreading faster than Covid.”

Fortune

Walmart has faced calls to ban gun sales for years. Will Chesapeake change that?

By nature of its enormous size, with thousands of stores across the US, the nation’s largest retailer is at the centre of debate over retail gun sales and a familiar place for American violence, Alex Woodward reports

The Independent UK

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Walmart has faced calls to ban gun sales for years. Will Chesapeake change that?

The Independent UK

The savior CEO and the empty promise of ‘stakeholder capitalism’

Companies may claim to serve employees, communities and the planet – but two books show profit still comes first

The Guardian - US

Here’s what Walmart is doing to fight inflation

FAYETTEVILLE, Ark. — Walmart CEO Doug McMillon says the retail giant is closely watching its core shopper while working on ways to lower its costs and navigate 40-year-high inflation.

Tribune News Service

Walmart dangles a $210,000 average salary to store manager recruits

BENTONVILLE, Ark. — This may be a good year to get recruited and promoted at Walmart.

Tribune News Service

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High gas prices hurt. But here's how diesel prices are slamming your wallet in hidden ways

LOS ANGELES — If you're wondering what's swelling the price of everything you buy, the cost of a gallon of diesel is a good place to start.

Los Angeles Times

Stocks slump again. This time, it's retailers such as Target spooking investors

The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.

WEKU

Walmart gets hammered by worst drop since 1987 on forecast cut

Walmart Inc. tumbled the most in almost 35 years after cutting its full-year profit forecast due to inflationary pressures, especially in food and fuel.

Tribune News Service

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