Walmart and Target see sales soar but margins droop
Monday, 25 May 2020, 19:54:56
Two big-box retailers, Walmart (NYSE: WMT) and Target (NYSE: TGT) reported its earnings last week. Walmart’s quarterly sales grew 8.7% while Target’s increased by 11.3% as average basket size increased for both retailers. Walmart drove a ticket increase of about 16%, while Target’s average ticket was up 12.5% during the quarter. With lockdown restrictions in […]
— News Alphastreet
Birthday parade thrown for baby who lost parents in Texas Walmart shooting
Monday, 25 May 2020, 19:54:21
A Texas baby who lost both of his parents in last year’s El Paso Walmart massacre marked his first birthday over the weekend — with his community turning out for a parade in his honor, according to a report. Paul Gilbert Anchondo sported a crown and regal outfit as he waved to those who came…
— New York Post
Relive the ’80s in Jordache’s latest collection of vintage-inspired jeans retailing for UNDER $30
Monday, 25 May 2020, 16:05:52
On trend! Jordache recently launched their latest collection of must-have vintage-inspired jeans and fashions at Walmart, with most of the line retailing for under $30.
— Daily Mail Online
Monday, 25 May 2020, 13:30:00
Alain Hunkins , author of ” CRACKING THE LEADERSHIP CODE: Three Secrets to Building Strong Leaders, ” has designed and facilitated leadership seminars for major corporations including Walmart, General Motors, and Microsoft. People are experiencing allostatic load — the toll that chronic stress takes — onset by the coronavirus pandemic. He recommends people do three things to alleviate allostatic load’s effects: normalize your experience, exercise often, and regularize sleep patterns. Visit Business Insider’s homepage for more stories . When Suzanne got word that she’d be working from home in March, she was ecstatic. Suddenly, her commute time dropped from 75 minutes to 75 seconds. No more people stopping by her desk to ask her questions at random times. Finally, she’d make headway on the big projects that had been stuck on the back burner since last year. Fast forward two months, and those projects are still on the back burner. When asked to describe her work-from-home experience, Suzanne sums it up with one word: Exhausting.
— Business Insider
Grocery stores, Target, and Walmart could save shopping malls by filing the void of dying department stores
Monday, 25 May 2020, 13:10:00
Malls will likely try to court grocery stores like Walmart and Target to replace department store anchors in a post-pandemic world, analysts and experts say. The struggles of traditional department store anchors like JCPenney and Nordstrom have been heightened amid the pandemic. As foot traffic to malls declines and the grocery sector surges, experts say that malls will look to capitalize on high grocery store foot traffic. Visit Business Insider’s homepage for more stories . As department stores like JCPenney and Nordstrom struggle, the once-celebrated “anchor” store seems to be fading into a remnant of the past. At the same time, the pandemic has helped accelerate the growth of the grocery sector. According to experts, this pattern will likely encourage malls and shopping centers to start courting grocery stores and essential retailers like Walmart and Target to become their new anchor stores, accelerating a retail trend that was already well in place. Grocery and big-box stores can help drive traffic to malls Foot traffic in malls has been declining steadily, even before the pandemic.
— Business Insider