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☆ Walmarts in St. Louis and Cleveland are the latest to yank self-checkout
▼ + stars: | 2024-04-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Walmart Supercenters in St. Louis, Missouri, and Cleveland, Ohio, are removing self-checkout. Major retailers have taken other steps to address some of the problems raised by self-service tech. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA pair of Walmarts — one in Missouri and one in Oho — are ditching self-checkout lanes in an effort to improve the in-store experience.

Persons: — Organizations: Walmart, Service Locations: St, Louis , Missouri, Cleveland , Ohio, New Mexico, Missouri, Cleveland, Louis

The situation was so dire last year at one Walgreens store in San Francisco, employees resorted to padlocking frozen foods. The effort to undo some aspects of Prop 47 comes amid a broader check on some other liberal crime enforcement policies in America. Police data shows that larceny theft, which includes retail theft and car break-ins, is down 37% from this time last year. On Tuesday, San Francisco voters approved two ballot measures spearheaded by Breed. Last September, the state announced it would be sending $267 million to law enforcement agencies throughout the state to tackle organized retail theft.

Persons: Gavin Newsom, It’s, ”, Jason Henry, “, Marlene Harden’s, Harden, Chloe, …, ” Harden, Marlene Harden's, Thanh Tran, Tran, Ella Baker, CNN Lenore Anderson, ” Anderson, Richard Bailey of Coronado, Breed, Tayfun, –, Miracle, don’t, We’re, Newsom, He’s Organizations: San Francisco CNN —, Republican, Democratic, Democratic Gov, CNN, Public, Institute of California, state’s Department of Justice, Walgreens, Walmart, ” Walmart, Westfield San Francisco Centre, New York Times, “ Walgreens, ”, National Retail Federation, Target, Ella Baker Center for Human, Attorneys, San Francisco Mayor London, San Francisco Mayor London Breed, Anadolu Agency, San Francisco Chronicle, Police, “, San Francisco, Breed Locations: San, California, San Francisco, America, Oregon’s, San Diego County, Francisco, Texas, South Carolina

☆ The trader set-up on Target into earnings next week and a lower-cost way to bet on the stock
▼ + stars: | 2024-02-29 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Target reports earnings next Tuesday. Let's review the set-up on Target into the numbers and a lower cost way using options to get long the name. Consequently Target's share price has been much more volatile after reporting quarterly earnings. TGT 6M mountain Target, 6 months Target options prices are, a bit like the prices inside the retailers themselves, more expensive than Walmart's, deservedly given the big moves it's share price has seen. Because the share price needs to rise by almost 5% to see profits, the probability of profit is reduced.

Persons: deservedly Organizations: Walmart, Target, supercenters, Retailing Locations: U.S

☆ Walmart's average customer is a suburban baby boomer who spent $3,578 there last year
▼ + stars: | 2024-02-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

4,600 locations in the US The company also has among the highest customer loyalty for leading retail brands. Walmart's average customer is a white baby boomer who owns her home and earns less than $80K per year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Because of the retail giant's scale, the average Walmart customer has a lot in common with the average US shopper, according to data from the consumer analytics firm Numerator. Roughly 95% of the shoppers in Numerator's survey visited Walmart two or more times in the past year.

Persons: —, John David Rainey Organizations: Walmart, Service

☆ Walmart shrunk by at least 101 locations last year — a smart move for what's next
▼ + stars: | 2024-02-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart quietly reduced its store count in 2023 even though the company was doing really well. In addition to closing underperforming stores, the retailer sold at least 79 small-format locations. Given what Walmart has planned for the next few years, the move away from smaller locations makes sense. "Walmart has always struggled with smaller stores," Saunders said. In addition to new stores, many existing locations are being upgraded to Walmart's "store of the future" concept, including 650 projects this year.

Persons: —, spokespeople, Doug McMillon, Scot Ciccarelli, Ciccarelli, Neil Saunders, Saunders, it's, Walmart's Organizations: Walmart, Service, BI, Goods, Truist Securities

☆ Walmart store managers will receive up to $20,000 per year in company stock
▼ + stars: | 2024-01-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Walmart store managers are set to receive annual stock grants ranging from $10,000 to $20,000. AdvertisementIt's a good year to be a store manager at Walmart. Fresh off the announcement earlier this month of substantial pay and bonus increases, the company said Monday that it is adding annual stock grants of up to $20,000 to the store managers' compensation packages. AdvertisementThe amount of the grant will depend on the size of the store, with $10,000 for Hometown store managers, $15,000 for Neighborhood Market or Division 1 store managers, and $20,000 for Supercenter managers. Roughly three-quarters of Walmart store managers started off in hourly roles, and the company does not require a college degree to be considered for the job.

Persons: —, John Furner, Furner Organizations: Walmart, Service, Walmart's, LinkedIn, Hometown, Neighborhood Market Locations: Houston , Texas

Walmart said it hasn't made any changes to store managers' pay structure in more than a decade. U.S. managers of the sprawling supercenters, which run about 180,000 square feet, will receive $20,000 in stock grants. Walmart said the stock grants will vest over a three-year period, with ownership for one-twelfth of the grant total coming every quarter. The new starting annual base salary for U.S. store managers will range from $90,000 to $170,000. That means that the average base pay for store leaders will go to $128,000 from $117,000, according to Cedric Clark, executive vice president of store operations at Walmart’s U.S. division.

Persons: hasn't, ”, John Furner, Furner, Cedric Clark Organizations: Walmart, U.S, Hometown, Walmart U.S, Walmart’s U.S Locations: Bentonville , Arkansas, U.S

☆ I'm a delivery driver and I get better tips from apartments than gated communities
▼ + stars: | 2024-01-28 | by ( An Arkansas Gig Worker | ) www.businessinsider.com time to read: +6 min

A Walmart Spark driver in Rogers, Arkansas, has noticed a pattern when it comes to customer tipping. AdvertisementThis as-told-to essay is based on a conversation with a driver in Rogers, Arkansas, who delivers primarily with Walmart Spark. 5260, which is south of town on Pleasant Crossing Boulevard, and Walmart store No. I'm not going to say those people living in the gated community don't deserve to be in that gated community. If you think I should be paid a fair wage and shouldn't rely on tips, don't use services that require me to not have a fair wage and to rely on tips.

Persons: —, I've, Rogers, it's, I'm, you've Organizations: Walmart, Service Locations: Rogers , Arkansas, Arkansas, Pleasant Crossing, Rogers, Pleasant

☆ More than 100 Walmart stores nationwide have a new look. See 5 key changes in the $500 million redesign.
▼ + stars: | 2023-11-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Walmart reopened 117 locations on Friday that showcase the "store of the future." Here are five ways the redesign is expected to make the shopping experience more enjoyable. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementOn Friday, Walmart reopened 117 locations across 30 states that the company has spent the better part of a year redesigning into what it calls the "store of the future."

Persons: — Organizations: Walmart, Service

☆ Walmart to upgrade 1,400 stores with $9 billion investment
▼ + stars: | 2023-10-30 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

On Friday, 117 stores in 30 states will be re-launched showcasing the enhancements, representing investments of more than $500 million, Walmart said in a statement. In total, it plans to modernize more than 1,400 of its 4,717 Walmart stores across the country. As part of those efforts, the company tested some remodeled concept stores called "Stores of the Future" at a few Walmart Supercenters, including Teterboro in New Jersey, earlier this year. Monday's investments mark the national rollout of that concept, a Walmart spokesperson said. The enhanced stores will have refreshed interiors and exteriors, with new paint, updated flooring, modernized restrooms, LED-lighting and new signage for brighter and easier navigation through the stores, the company said.

Persons: John Furner, Siddharth Cavale, Bill Berkrot Organizations: Investment, Walmart, Sam's, Thomson Locations: Bentonville , Arkansas, New Jersey, New York

☆ Walmart is bringing ads to an aisle near you as retailers chase new money-makers
▼ + stars: | 2023-08-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

The discounter has nearly 4,700 stores across the U.S., with roughly 90% of Americans living within 10 miles of a Walmart store. In the U.S., about 139 million customers visit Walmart stores and its website or app each week. Walmart plans to sell the sampling stations to advertisers and bundle them with other ad formats that can run at the same time to make for a fuller campaign. In the most recent fiscal year, Walmart's global ads business grew nearly 30% and its U.S. ads business, Walmart Connect, rose about 40%. That's a sharper gain than the approximately 7% increase in Walmart's total revenue and Walmart U.S. net sales during the period.

Persons: Ryan Mayward, That's, Doug McMillon Organizations: Walmart, Shoppers, Kroger, Mattel, Walmart Connect, Fort, U.S, Walmart U.S Locations: U.S, Dallas, Fort Worth

☆ Analysis: Why Walmart's new bet on fashion brands, home decor threatens specialty chains
▼ + stars: | 2023-06-15 | by ( Siddharth Cavale | ) www.reuters.com time to read: +5 min

She told Walmart investors its strategy is to "democratize fashion" or convert the company's core, price-conscious shoppers into style-conscious shoppers. It would probably be the rest of the market that should be worried," he said pointing to apparel retailers such as Carhartt. Walmart accounts for 4.6% of the $560.4 billion U.S. apparel market, followed by TJX, Target and Ross at 4.4%, 4.1% and 2.8%, respectively, according to GlobalData. Bankrupt Bed Bath and Beyond was a leader in the home decor and furnishing industry along with furniture chains Ikea and Wayfair. In 2005, Walmart's Metro 7 fashion brand tanked and later designer lines with Max Azria and Norma Kamali also withered.

Persons: Walmart Supercenters, Drew Barrymore, Sofia Vergara, Denise Incandela, George, Ralph Lauren, Rosenblum, Privately, Refinitiv, TJX, Ross, Brandon Maxwell, Clea Shearer, Joanna Teplin, fryer, Sofia Jeans, Vergara, Arun Sundaram, Sundaram, Max Azria, Norma Kamali, Siddharth Cavale, Vanessa O'Connell, David Gregorio Our Organizations: Walmart, Reebok, Saks, Tilly's Inc, Abercrombie, Fitch, Bravo, Netflix, Bed, Amazon.com, Walmart's Metro, Thomson Locations: Bath, U.S, Bed Bath, Walmart's, New York

☆ Walmart to close four underperforming Chicago stores
▼ + stars: | 2023-04-11 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +1 min

Walmart announced Tuesday it will abruptly close four underperforming Chicago stores, citing millions in annual losses. The company said its eight Chicago stores collectively have not been profitable since the first opened 17 years ago. Walmart said all employees at these four stores are eligible to transfer to other Walmart locations and will be paid through Aug. 11. The company will keep its other four Chicago stores open, it said. As of Jan. 31, the company operated more than 5,300 retail locations, including Supercenters, discount stores, Sam's Clubs and small-format stores.

☆ Walmart to nearly double its U.S. health center locations in 2024
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, March 2 (Reuters) - U.S. retailer Walmart Inc (WMT.N) said on Thursday it would open 28 new healthcare centers in the United States next year, including its first ones in Missouri and Arizona. By the end of 2024, the nation's largest retailer by revenue will have more than 75 Walmart Health centers across the United States, it said in a statement. Located inside Walmart Supercenters, the new Health centers will cover about 5,750 square feet and offer services including primary care, dental care, behavioral health, labs and X-ray, audiology and telehealth. The company operated 32 Walmart Health care centers at the end of 2022 and plans to open 17 more this year. Walmart will open the first of the new Health centers in the first quarter of 2024, and end the year with 10 locations in Dallas, eight in Houston, six in Phoenix and four in Kansas City, it said.

☆ Walmart's experiment with pickup-and-delivery stores appears to be over as the last two prepare to close
▼ + stars: | 2023-02-10 | by ( Ben Tobin | ) www.businessinsider.com time to read: +3 min

Walmart opened up its first pickup-and-delivery-only store in its headquarters city of Bentonville, Arkansas, in 2014. The retailer appears to be abandoning the model by closing the concept's last 2 remaining stores. But less than nine years after this launch, Walmart appears to be abandoning the concept as it closes the only two remaining standalone Walmart pickup and delivery stores in the country. In addition to the locations in Lincolnwood and Bentonville, a Walmart pickup and delivery only store opened in Metairie, Louisiana, in 2017 and closed last year. Walmart's decision to close these stores, where customers placed orders on walmart.com or the Walmart app, comes as the company has seen ecommerce growth slow greatly.

☆ Meet the typical Walmart shopper, a 59-year-old white suburban woman earning $80,000 a year
▼ + stars: | 2023-01-30 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Walmart's average customer is a woman who is 59.5 years old, white, married, and earning $80,000 per year. Because of the retail giant's scale, the average Walmart shopper has a lot in common with the average US consumer, according to data from the analytics firm Numerator prepared for Insider. Roughly 95% of the shoppers in Numerator's survey visited Walmart two or more times in the past year. Numerator found that Walmart's typical shopper in the US is a white woman between 55 and 64 years old, who is married and living in the suburbs of the Southeast. Read more of our typical shopper profiles:

☆ Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs
▼ + stars: | 2023-01-28 | by ( Melissa Repko | ) www.cnbc.com time to read: +7 min

In company surveys, he said nearly every shopper said the store's displays and mannequins encouraged them to browse longer. Walmart's new store design includes displays that show off how a customer could decorate a nursery or kitchen. Melissa Repko | CNBCWashington declined to share data about Walmart's store traffic and sales at its Springdale store and other flagships that have opened in recent months. Visits to its Walmart store in Springdale, Ark. Victor Millan, of Ridgefield Park, New Jersey, makes weekly shopping trips to the Walmart in Teterboro for groceries and other items.

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