INSIDER
A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
Read full article: A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarterTarget has reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items.
Walmart heads into official start of holiday season with strong momentum after robust 3Q results
Read full article: Walmart heads into official start of holiday season with strong momentum after robust 3Q resultsWalmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could.
Grocery chains vie for a place on Thanksgiving tables with turkey dinner deals and store brands
Read full article: Grocery chains vie for a place on Thanksgiving tables with turkey dinner deals and store brandsWith Thanksgiving less than two weeks away, food retailers are trying to tempt Americans who haven't recovered from recent price inflation.
Macomb County man with history of arrests given $500 bond in sexual assault case
Read full article: Macomb County man with history of arrests given $500 bond in sexual assault caseA man with an alleged history of sexually assaulting women was given a $500 bond after reportedly sexually assaulting a woman.
Many retailers offer 'returnless refunds.' Just don't expect them to talk much about it
Read full article: Many retailers offer 'returnless refunds.' Just don't expect them to talk much about itIt’s one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too.
US applications for jobless benefits fall, but continuing claims rise to highest level since 2021
Read full article: US applications for jobless benefits fall, but continuing claims rise to highest level since 2021The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three years.
Walmart reaches settlement deal for shareholder lawsuits over its handling of opioids
Read full article: Walmart reaches settlement deal for shareholder lawsuits over its handling of opioidsWalmart says it has reached a proposed settlement pact related to three lawsuits filed by shareholders on behalf of the company over the handling of prescription opioids.
A state's experience with grocery chain mergers spurs a fight to stop Albertsons' deal with Kroger
Read full article: A state's experience with grocery chain mergers spurs a fight to stop Albertsons' deal with KrogerWashington state is in court to try to block a proposed merger between Albertsons and Kroger.
CEOs of Albertsons and Kroger says shoppers would see lower prices after merger
Read full article: CEOs of Albertsons and Kroger says shoppers would see lower prices after mergerThe chief executive officers of Kroger and Albertsons have insisted that merging would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart and Amazon.
Walmart recalls apple juice sold in 25 states due to elevated arsenic levels
Read full article: Walmart recalls apple juice sold in 25 states due to elevated arsenic levelsWalmart has recalled nearly 10,000 cases of apple juice sold in stores across the U.S. The product was found to contain potentially harmful levels of inorganic arsenic.
Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy
Read full article: Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economyWall Street rallied close to its record heights after data showed the U.S. economy is holding up better than expected.
Stores lure back-to-school shoppers with deals and 'buy now, pay later' plans
Read full article: Stores lure back-to-school shoppers with deals and 'buy now, pay later' plansMass market retailers in the U.S. are plying shoppers with offers for computers, clothes and other back-to-school essentials at affordable prices.
Walmart retools its young adult clothing line in pursuit of fashion credibility
Read full article: Walmart retools its young adult clothing line in pursuit of fashion credibilityWalmart has spent three years overhauling its mix of adult apparel to make it stylish as well as sensible for middle America.
Amazon teams up with Megan Thee Stallion to promote its 10th Prime Day sales event
Read full article: Amazon teams up with Megan Thee Stallion to promote its 10th Prime Day sales eventAmazon is partnering with hip-hop star Megan Thee Stallion to boost sales for its 10th annual Prime Day discount event.
Retail sales were unchanged in April from March as inflation and interest rates curb spending
Read full article: Retail sales were unchanged in April from March as inflation and interest rates curb spendingAmericans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome.
Walmart lays off hundreds of employees and requires others to relocate
Read full article: Walmart lays off hundreds of employees and requires others to relocateWalmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant's campus offices and said it will be requiring most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to office hubs in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area.
Read these comments: Top contributions from WDIV Insiders last week
Read full article: Read these comments: Top contributions from WDIV Insiders last weekRead the top contributions from WDIV Insiders on ClickOnDetroit. Join the conversations and discover the community's favorite recent comments. Stay engaged and informed with the latest discussions happening on WDIV's platform. Contribute your own thoughts and opinions to be a part of the vibrant community on ClickOnDetroit. Find out what WDIV Insiders have been talking about and join the conversation today.
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
Read full article: Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentifulAmericans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.
Outside roles by NBC's Conde, others reveal a journalism ethics issue: being paid to sit on boards
Read full article: Outside roles by NBC's Conde, others reveal a journalism ethics issue: being paid to sit on boardsMost news organizations hold its journalists to strict ethical standards to avoid conflicts of interest either real or perceived.
Some doorbell cameras sold on Amazon and other online sites have major security flaws, report says
Read full article: Some doorbell cameras sold on Amazon and other online sites have major security flaws, report saysConsumer Reports says some doorbell cameras sold by Amazon and other online retailers have security flaws that could allow bad actors to view footage from the devices or control them completely.
Walmart to acquire smart TV maker Vizio for $2.3 billion in bid to boost its advertising business
Read full article: Walmart to acquire smart TV maker Vizio for $2.3 billion in bid to boost its advertising businessWalmart is buying the smart TV maker Vizio for $2.3 billion as it attempts to expand its rapidly growing advertising business to compete with Amazon.
Walmart to build or convert 150-plus stores in next 5 years. It hasn't opened new stores in 3 years
Read full article: Walmart to build or convert 150-plus stores in next 5 years. It hasn't opened new stores in 3 yearsWalmart plans to build or convert more than 150 U.S. stores in the next five years, while continuing to remodel existing stores.
Walmart's latest perk for U.S. store managers? Stock grants
Read full article: Walmart's latest perk for U.S. store managers? Stock grantsWalmart is further sweetening the perks for its U.S. store managers as the nation’s largest retailer and private employer seeks to retain and attract top workers in a still competitive job market.
Walmart experiments with AI to enhance customers' shopping experiences
Read full article: Walmart experiments with AI to enhance customers' shopping experiencesWalmart has unveiled plans to dive further into the world of artificial intelligence — and drones — to improve its customers’ shopping experiences.
Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concerns
Read full article: Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concernsThree major U.S. retailers — Amazon, Target and Walmart — say they’re suspending sales of water-bead products marketed to young children due to growing safety concerns.
Woman arrested while trying to shoplift during police event at Walmart in Livingston County
Read full article: Woman arrested while trying to shoplift during police event at Walmart in Livingston CountyA woman suspected of retail fraud was arrested while allegedly trying to shoplift during a “Shop with a Cop” event in Livingston County.
X says Walmart pulled ads in October, weeks before Media Matters hate speech report and Musk rant
Read full article: X says Walmart pulled ads in October, weeks before Media Matters hate speech report and Musk rantWalmart is the latest company to publicly join the growing flock of major advertisers to pull spending from X, Elon Musk’s beleaguered social media company, amid concerns about hate speech — as well as reaching a sizeable audience on the platform.
Retailers are ready to kick off Black Friday just as shoppers pull back on spending
Read full article: Retailers are ready to kick off Black Friday just as shoppers pull back on spendingRetailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements.
Shooting that wounded 4 in Ohio is the second to occur at a Walmart in 24 hours
Read full article: Shooting that wounded 4 in Ohio is the second to occur at a Walmart in 24 hoursPolice say a gunman opened fire inside a Walmart in Ohio and wounded four people before killing himself, the second shooting in 24 hours at a store operated by the retail giant.
Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investors
Read full article: Walmart attracts more shoppers seeking to cut spending in Q3, but muted expectations spook investorsWalmart extended its streak of strong quarterly gains heading into the holiday season as its low-prices continue to attract shoppers looking for deals in a tough economic environment.
Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenue
Read full article: Macy's puts up strong third quarter numbers, raises profit outlook and top end of full-year revenueMacy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations.
70M sour candies sold at Walmart, Five Below, Amazon recalled over choke hazard
Read full article: 70M sour candies sold at Walmart, Five Below, Amazon recalled over choke hazardAbout 70 million units of Toxic Waste Slime Licker candy sold at stores like Walmart and Five Below are being recalled due to a choking hazard.
Driver who hit 6 migrant workers in North Carolina Walmart parking lot turns himself in to police
Read full article: Driver who hit 6 migrant workers in North Carolina Walmart parking lot turns himself in to policeA North Carolina man who drove his car into a group of migrant workers in a Walmart parking lot has turned himself in to police.
Walmart to pay California $500,000 in settlement over sale of brass knuckles
Read full article: Walmart to pay California $500,000 in settlement over sale of brass knucklesWalmart will pay half a million dollars in civil penalties to the state of California over allegations that it was selling and allowing third-party vendors to sell brass knuckles on its website.
Metro Detroit woman says teens shot her in face with airsoft rifle in Walmart parking lot in Canton
Read full article: Metro Detroit woman says teens shot her in face with airsoft rifle in Walmart parking lot in CantonA Metro Detroit woman said she was attacked in a Walmart parking lot by three teenagers who shot her in the face with an airsoft rifle.
Man runs into Dearborn Walmart, pretends to be worker after leading cops on 45-minute chase
Read full article: Man runs into Dearborn Walmart, pretends to be worker after leading cops on 45-minute chaseA man parked at a Walmart store in Dearborn, ran inside, and pretended to be an employee after leading police on a 45-minute chase that involved multiple troopers and a helicopter.
Real things that fuel my nightmares: Hidden Valley Ranch ice cream is coming to a Walmart near you
Read full article: Real things that fuel my nightmares: Hidden Valley Ranch ice cream is coming to a Walmart near youVan Leeuwen Ice Cream announced the launch of seven new spring ice cream flavors to be sold exclusively at Walmart locations nationwide. One of those flavors is Hidden Valley Ranch.
Tepid outlook from Target after 4th quarterly profit dip
Read full article: Tepid outlook from Target after 4th quarterly profit dipTarget plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping.
Police: Heroic actions kept shooter from doing more harm
Read full article: Police: Heroic actions kept shooter from doing more harmPolice in Indiana say that heroic actions by a Walmart employee and law enforcement officers kept a gunman who shot and injured one female employee from doing more harm.
Walmart lays over 100K wreaths at veteran graves in honor of National Wreaths Across America Day
Read full article: Walmart lays over 100K wreaths at veteran graves in honor of National Wreaths Across America DayWalmart set over 100,000 holiday wreaths at the graves of American veterans in honor of National Wreaths Across America Day.
An inflation gauge tracked by the Fed slows to still-high 6%
Read full article: An inflation gauge tracked by the Fed slows to still-high 6%A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices.
US consumer confidence falls in November for 2nd month
Read full article: US consumer confidence falls in November for 2nd monthU.S. consumer confidence fell for the second straight month in November amid ongoing high inflation, rising interest rates, and layoff announcements by several large tech companies.
Teenage employee among 6 killed in Virginia Walmart shooting
Read full article: Teenage employee among 6 killed in Virginia Walmart shootingAuthorities have announced that 16-year-old Fernando Chavez-Barron was among the six killed at a Walmart in Chesapeake, Virginia, when a manager opened fire in the store with a handgun.
Witness: Walmart shooter seemed to target certain people
Read full article: Witness: Walmart shooter seemed to target certain peopleA witness says that the Walmart supervisor who shot and killed six coworkers in Virginia seemed to target people and shot some victims after they were already hit and appeared to be dead.
Walmart shooter left 'death note,' bought gun day of killing
Read full article: Walmart shooter left 'death note,' bought gun day of killingAuthorities investigating the fatal shootings of six people at a Walmart said that the shooter bought the gun just hours before and left a note on his phone listing grievances against coworkers.
Police: 6 people and assailant dead in Walmart shooting in Virginia
Read full article: Police: 6 people and assailant dead in Walmart shooting in VirginiaPolice and witnesses say a manager at a Virginia Walmart pulled out a handgun before a routine employee meeting and began firing wildly in the break room, killing six people and injuring at least six others.
Macomb County man faces possible life sentence after carjacking woman at Sterling Heights Walmart
Read full article: Macomb County man faces possible life sentence after carjacking woman at Sterling Heights WalmartA Macomb County man is facing a possible life sentence after carjacking an elderly woman outside a Walmart in Sterling Heights, officials said.
Target's 3Q profit drops 52% as shoppers force price cuts
Read full article: Target's 3Q profit drops 52% as shoppers force price cutsAn unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation.
Walmart offers to pay $3.1 billion to settle opioid lawsuits
Read full article: Walmart offers to pay $3.1 billion to settle opioid lawsuitsWalmart has agreed to pay $3.1 billion to settle lawsuits nationwide over the impact of the prescriptions its pharmacies filled for powerful prescription opioid painkillers.
Biden nominates 7 for US attorney, judge and marshal slots
Read full article: Biden nominates 7 for US attorney, judge and marshal slotsThe Biden administrating is putting forth seven new Justice Department and judicial nominations covering three U.S. attorney’s offices in Texas and other senior posts.
Kroger seeks to create grocery giant in $20B Albertsons bid
Read full article: Kroger seeks to create grocery giant in $20B Albertsons bidTwo of the nation’s largest grocers have agreed to merge in a deal that would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business.
Amazon's holiday sales event sees lower sales, group says
Read full article: Amazon's holiday sales event sees lower sales, group saysAmazon said Thursday its Prime members ordered more than 100 million items during a sales event this week that analysts are expecting to be a bellwether for the holiday shopping season.
Walmart seeks to dismiss lawsuit by FTC over money transfers
Read full article: Walmart seeks to dismiss lawsuit by FTC over money transfersWalmart filed a motion to dismiss a lawsuit by the Federal Trade Commission that accused the retailer of allowing its money transfer services to be used by scam artists, calling it an “egregious instance of agency overreach.”.
Walmart expands abortion coverage for employees
Read full article: Walmart expands abortion coverage for employeesWalmart, the nation’s largest employer, is expanding its abortion coverage for employees after staying largely mum on the issue following the Supreme Court ruling that scrapped a nationwide right to abortion.
Judge: Pharmacies owe 2 Ohio counties $650M in opioids suit
Read full article: Judge: Pharmacies owe 2 Ohio counties $650M in opioids suitA federal judge in Cleveland has awarded $650 million in damages to two Ohio counties that sued pharmacy chains CVS, Walgreens and Walmart saying their opioid distribution policies created a public nuisance.
Michigan man faces homicide charge after intentionally running over woman in Walmart parking lot
Read full article: Michigan man faces homicide charge after intentionally running over woman in Walmart parking lotAuthorities say a southwestern Michigan man has been arrested and charged with first-degree homicide after intentionally running over a 65-year-old woman in a Walmart parking lot.
FTC sues Walmart for scammers' use of money transfer unit
Read full article: FTC sues Walmart for scammers' use of money transfer unitThe Federal Trade Commission says it has sued Walmart for allowing its money transfer services to be used by scam artists who the agency says fleeced hundreds of millions of dollars from consumers.