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Walmart
04/07/2023
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By Ethan Huff
Walmart cuts another 2,000 warehouse jobs following retail store closure announcement
Five of Walmart’s e-commerce warehouses are slated to lose another 2,000 jobs, the company announced this week. More than 1,000 people will be let go from a warehouse in Fort Worth, Tex., as will 600 people at a Pennsylvania fulfillment center; 40 people at a Florida warehouse; and 200 people in New Jersey, regulatory filings […]
03/15/2023
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By Oliver Young
Retail analyst: Theft is growing at a faster rate than sales
Shoplifters are having a field day these days as in-store shopping returns to normal. This is causing what is known as shrinkage in accounting. It happens when a store has fewer items in stock than in its recorded book inventory. Factors contributing to shrinkage include employee theft, shoplifting, administrative errors, vendor fraud, product damage and more. […]
03/07/2023
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By News Editors
Why is every Walmart in the entire city of Portland being permanently shut down?
By the end of this month, there will be no more Walmart stores in Portland. More than 641,000 people live within the city limits of Portland, and so you would think that there should be a lot of money to be made there. But Walmart has decided to wave the white flag. Portland has been […]
03/06/2023
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By Ethan Huff
CITY IN COLLAPSE: Every Walmart in Portland is closing as anti-cop city leaders allow rampant crime to annihilate retailers
The last two remaining Walmart stores in Portland will be closed by April as the made-in-China retail chain struggles to cut costs and stop the financial bleeding. Portlanders either do not shop at Walmart or they go there to steal instead of buy things, which has prompted the company to close up shop within the […]
02/17/2023
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By Roy Green
Inflation, economic downturn force Walmart to close under-performing stores
Even Walmart feels the pinch of inflation and economic downturn, with the big-box retailer announcing the closure of five under-performing stores in five states. A spokesperson for the retail giant told KRQE 13 that a Walmart in southeast Albuquerque, New Mexico will be closed on March 10 for failing to meet financial projections. Local reports […]
01/31/2023
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By Ethan Huff
THE VANISHING: Pharmacist shortage prompts closures at CVS, Walmart pharmacy locations
Beginning in March, CVS and Walmart, two of the nation’s largest pharmacy chains, will close some or all of their stores earlier than normal due to an alleged pharmacist shortage. Thousands of locations will either cut or shift their hours of operation to accommodate this mysterious shortage – (is it due to sudden deaths caused […]
12/07/2022
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By Ramon Tomey
Walmart CEO: Rampant organized shoplifting could lead to price hikes, store closures
The CEO of retail behemoth Walmart warned that rampant shoplifting could lead to price hikes and store closures. “Theft is an issue. It’s higher than what it has historically been,” Walmart CEO Doug McMillon said during a Dec. 6 appearance on the CNBC program “Squawk Box.” “If that’s not corrected over time, prices will be higher […]
11/22/2022
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By Belle Carter
Shoppers burdened by inflation are turning to discount supermarkets Walmart and Dollar General
Discount stores such as Walmart, Dollar General and others are seeing a rise in “wealthier” shoppers, as more and more Americans beset by inflation turn to budget retailers. According to the Daily Mail, the Jeff Bezos-owned Whole Foods offers bread at $4.79 and milk at $8.99. Walmart and Dollar General sell both food items at way lower […]
09/30/2022
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By Kevin Hughes
US retailers CANCELING orders worth billions of dollars before the holidays as consumer demand plummets
Major retailers in the U.S., such as Walmart and Target, are canceling billions of dollars in orders ahead of the holiday season. Last year’s holiday season saw the global supply chain being unable to meet the demand. A different issue is shaping up this year. Journalist Michael Snyder pointed out that “all of a sudden, […]
09/23/2022
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By Belle Carter
Walmart, major US retailers are canceling orders as consumer demand plunges
Walmart, Target and other major U.S. retailers are canceling billions of dollars in orders ahead of the coming holiday season as part of their aggressive actions to manage inventory excesses that have accumulated in the last few quarters. Analysts say this is a replay of a strategy used at the start of the Wuhan coronavirus […]
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