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The Latest Breaking News from Neil Saunders

Walmart Profits Rise On Strong Sales From Wealthier Shoppers

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales.

International Business Times

Amazon Triples Quarterly Profit As Cloud Surges

E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.

International Business Times

Swan Song For General Electric As It Completes Demerger

The US conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses.

International Business Times

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How dollar stores link to food deserts

“Dollar stores are now the fastest-growing food retailers in the contiguous United States"

Salon

Dollar Tree to close nearly 1,000 stores as it posts a fourth quarter loss

Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year and 370 Family Dollar and 30 Dollar Tree stores over the next several years.

WEKU

After Uproar, Wendy's Says It Won't Raise Burger Prices At Peak Times

Restaurant chain Wendy's said Wednesday it will not raise prices for hamburgers and other items at peak times, clarifying recent comments that sparked criticism of the fast-food company.

International Business Times

Walmart Says It Will Buy TV Maker Vizio For $2.3 Bn

Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom.

International Business Times

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US Holiday Sales Growth Estimated At 3.1%: Mastercard

The growth in this year's holiday sales is below 2022 holiday season sales increase of 5.3 percent and much below the 2021 figure of 14.1 percent, according to NRF data.

Latin Times

US Holiday Sales Growth Estimated At 3.1%: Mastercard

Preliminary shopping data indicated that US holiday sales increased 3.1 percent compared with the year-ago period, a solid but unspectacular increase reflecting mixed sentiment on the economy.

International Business Times

Tesla Files Recall On 2 Mn Vehicles To Fix Autopilot Software

In cases where vehicle operators misuse Tesla's driver-assistance program or fail to recognize when the system won't work well, "there may be an increased risk of a collision," said a notice from the US National Highway Traffic Safety Administration.

Latin Times

Tesla Files Recall On 2 Million Vehicles To Fix Autopilot Software

Electric car maker Tesla has initiated a recall of over two million vehicles in the United States due to a risk linked to its autopilot software, the US traffic safety regulator said Wednesday.

International Business Times

US Economic Uncertainty Means Bigger 'Black Friday' Discounts

The retail sector's efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual "Black Friday" shopping day followed by the newer "Cyber Monday."

International Business Times

Stephanie Linnartz ended a successful run at Marriott to become CEO at struggling Under Armour. ‘I believe in taking calculated risks’

Linnartz hopes to turn around a company hurt by slumping growth and controversies surrounding its founder.

Fortune

Rosalind Brewer out as Walgreens CEO

Her departure after less than three years comes after a tumultuous time that included COVID-19 disruptions and corporate layoffs.

Chicago Sun-Times

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Fortune

Management consultants can make great CEOs—but they have to get their hands dirty first

Some 47 Fortune 500 CEOs have spent time as management consultants but first took more junior roles.

The Independent UK

Thinking of buying a new pair of jeans? Breaking down the cost over time might help you decide

Shoppers are looking beyond just the price tag of a skirt or a pair of pants in the wake of still stubbornly high inflation

The Independent UK

Amazon begins offering grocery delivery for customers who are not Prime members

Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members

Axios

Black Friday in July: Walmart, Target, Best Buy compete against Amazon Prime Day

Food deals are also in the forecast Tuesday when Subway gives away free sandwiches and 7-Eleven free Slurpees.

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Tribune News Service

Parents turn to local baby stores as big-box chains falter

MINNEAPOLIS — First-time parents-to-be Katie and Andrew Beiswenger bounced back and forth on more than 20 glider chairs at the Baby Grand store in St. Louis Park before they tried their luck testing car seats.

Tribune News Service

A $1.8 trillion student debt burden set to again threaten US consumers

The U.S. Supreme Court’s ruling throwing out President Joe Biden’s student loan relief plan will likely further dent consumer spending at a time when the main engine of the economy is already stalling.

The Guardian - UK

Former Met PC says she made mistakes on Wayne Couzens flashing case

Samantha Lee tells hearing she could not have prevented kidnap and murder of Sarah Everard

The Philadelphia Inquirer

Tupperware is in financial trouble. But some still show love for the venerable food-storage system

PHILADELPHIA — In December 1999, Guinness World Records listed the 10 greatest inventions of the 20th century.

Chicago Sun-Times

With its stock price tumbling, Tupperware warns it could go out of business

Tupperware said it is reviewing several aspects of its company, including its cash management, real estate portfolio for property available and possible layoffs.

The Guardian - UK

How to solve a problem like John Lewis? Retail experts give their views

Richer Sounds founder, former Selfridges chief, Riverford co-owner and others on whether the chain has the right strategy

Axios

How the COVID-19 pandemic transformed restaurants and stores

How, when and where we eat and shop is different than three years ago.

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