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☆ Trump has to keep his mouth shut about the evidence turned over in his classified documents case, judge rules
▼ + stars: | 2023-06-19 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

On Friday, prosecutors on Donald Trump's classified documents case asked that discovery materials be kept confidential. A protective order on discovery materials is standard, and Trump's lawyers did not object to the request. "The Discovery Materials, along with any information derived therefrom, shall not be disclosed to the public or the news media," Reinhart's order reads. Requesting a protective order on discovery evidence is standard practice in federal cases. Lawyers for Trump and Nauta did not object to the motion, prosecutors said last week.

Persons: Donald Trump's, Bruce Reinhart, —, Donald Trump, Walt Nauta, Bruce Reinhart —, Trump, Nauta, Reinhart's Organizations: Federal, Service, Prosecutors, FBI, Mar, Lago, Trump

☆ Vogue's Anna Wintour, author Ian McEwan honoured by King Charles
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

LONDON, June 16 (Reuters) - Vogue editor-in-chief Anna Wintour, author Ian McEwan and immunologist and geneticist John Bell were named Companions of Honour, an order limited to 65 people at any time, in King Charles' first birthday honours list on Friday. McEwan, who was appointed to the order for services to literature, is the author of acclaimed novels including "Amsterdam", "Atonement" and "Enduring Love". More than 1,000 people were rewarded in the king's birthday honours for service in education, healthcare, philanthropy and other areas. King Charles, who was crowned in May, will celebrate his official birthday on Saturday with the "Trooping of the Colour" military parade. Reporting by Paul Sandle; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: Anna Wintour, Ian McEwan, immunologist, John Bell, King Charles ', Wintour, McEwan, King Charles, Paul Sandle, Nick Macfie Organizations: Vogue U.S, U.S . Metropolitan Museum, Art's Costume, University of Oxford, Oxford, AstraZeneca COVID, Thomson Locations: Amsterdam

☆ 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

☆ Flipkart and PhonePe could be $100 billion businesses in India, Walmart says
▼ + stars: | 2023-06-14 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

NEW YORK, June 14 (Reuters) - Walmart's (WMT.N) Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer's chief financial officer said on Wednesday at an investor conference. In its most recent quarter ended April 30, Walmart said its Flipkart business generated double-digit sales growth, boosted by new shoppers in some cities and a 50% jump in ad sales. Flipkart was valued at more than $40 billion in 2022 and counts itself among India's most valuable startups. PhonePe controlled 46% share of the payments market in December, according to National Payments Corporation of India, and has 400 million registered users. "It is not crazy to think that both those businesses could be $100 billion businesses in the future," Walmart's Chief Financial Officer John David Rainey said.

Persons: Flipkart, John David Rainey, Siddharth Cavale, Lisa Shumaker Organizations: YORK, Walmart, Unified, National Payments Corporation of India, Thomson Locations: India, New York

☆ Mozart's love-life drama revealed in letter up for auction
▼ + stars: | 2023-06-14 | by ( Sarah Mills | ) www.reuters.com time to read: +2 min

Written by the composer in the summer of 1782 the two-page letter shows him asking a close friend for advice following a "misunderstanding" with his soon-to-be mother-in-law. Mozart was 26 years old when he wrote the letter, shortly after he arrived in Vienna. "That kind of liberated nature of the way he's behaving" in both his private and professional life Venning describes as "refreshing". Mozart and Constanze married shortly after the letter was written, and were together until his death in 1791 at the age of 35. The letter is part of Christie's Classic Week Exceptional Sale in July and is expected to get the highest price for a Mozart letter to date with an estimated worth of between 300,000 pounds and 500,000 pounds ($380,490 and $634,150).

Persons: Wolfgang Amadeus Mozart, Thomas Venning, Mozart, Venning, He's, Constanze, Sarah Mills, Jonathan Oatis Organizations: Thomson Locations: Christie's, London, Vienna

☆ Data giant Snowflake is building a marketplace for retail media data
▼ + stars: | 2023-06-12 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

Data giant Snowflake is building a marketplace for retail media data. Data giant Snowflake is building a marketplace for retail media data as it tries to grab a bigger piece of the $80 billion retail media market. Investing in retail media is a top priority for Snowflake, said Rosemary DeAragon, the company's global head of retail and CPG. There's sharp competition in the ad industry to grab as much retail media share as possible, while the market is still relatively nascent. While tech giants like Amazon and Google have their own clean room offerings, they don't field a retail media data marketplace.

Persons: Snowflake, Chase cardmembers, Rosemary DeAragon, Myles Younger, Damian Garbaccio, who've, haven't, Morgan Stanley, Criteo, Shiv Gupta Organizations: Affinity Solutions, Affinity, IRI, Nielsen, Walmart, Google, Amazon Locations: Snowflake

☆ I've traveled 18,000 miles in an electric car. Here are the 4 things that surprised me about long-distance EV road trips.
▼ + stars: | 2023-06-12 | by ( Gia Mora | ) www.businessinsider.com time to read: +7 min

She and her partner have traveled 18,000 miles in the electric car on multiple road trips. Here are four things people should know if they're planning to travel long distances in an EV. We arrange to fill up at an Electrify America station every 150 miles or so. More remote charging stations can be adventures in themselvesPlenty of charging stations look exactly as you'd expect, but when we ventured outside of major metropolitan areas, we discovered some unique stops. Green River, Utah, is home to 847 people, one Tesla Supercharger, and four Electrify America stations located beside the tiny, quirky Green River Coffee Company.

Persons: Gia Mora, Morris, it's, I'm, We've, we've, Lucky Buck Organizations: Hyundai, Walmart, Morning, Apple, Walmart Walmart, Sam's, Coffee, Yosemite National Locations: Los Angeles, Colorado, Scottsdale , Arizona, LA, San Diego, Nevada , Utah, New Mexico, America, Walmart's, Plenty, Green River , Utah, Yosemite

☆ Why Walmart, Costco, and Sam's Club workers check your receipts — and you should comply
▼ + stars: | 2023-06-10 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +3 min

Walmart, Costco, Sam's Club, and many other retailers check shoppers' receipts at store exits. Retail employees check receipts to reduce theft and ensure customers leave with all their purchases. So why would any store check receipts if it creates if it causes so much tension? Why Costco and Sam's Club check receiptsBut checking receipts isn't just about reducing theft. "To ensure that you are charged correctly for the merchandise you have selected, Sam's Club may inspect or electronically scan your merchandise and electronic/phone or paper copy receipt(s) when you exit any Sam's Club location," the warehouse chain said on its website.

Persons: —, you've, Gloria Dawson, Costco, it's Organizations: Walmart, Costco, Sam's, Service, Shoppers Locations: Denver

☆ Walmart plans to expand its specialty HIV outreach
▼ + stars: | 2023-06-09 | by ( Bertha Coombs | ) www.cnbc.com time to read: +2 min

Every month, he picks up medication at his local Walmart pharmacy that makes HIV undetectable and untransmittable — a prospect that was unthinkable just a generation ago. Yet racial and ethnic disparities remain pronounced, with people of color accounting for a disproportionate share of new HIV diagnoses. Walmart launched an HIV specialty-pharmacy pilot program in late 2021, targeting just over half a dozen highly affected communities, including Rosario's county in New Jersey. "We can see from the data that that there's a need here — there's a higher incidence of HIV," said Kevin Host, Walmart pharmacy senior vice president. Now, the retail giant plans to expand its program to more than 80 HIV-specialty facilities across nearly a dozen states by the end of this year.

Persons: David Rosario, Rosario, Kevin Host, Callaghan, Gemima Kleine, it's Organizations: Walmart, Disease Control, Shoppers, Callaghan O'Hare, Bloomberg, Getty Locations: New York City, New Jersey, Rosario's, Charlotte , North Carolina

☆ This retailer is the big winner as shoppers trade down to cheaper products, Jefferies says
▼ + stars: | 2023-06-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Specifically, canned vegetables, meats and cheese are trending higher in private label share, according to Numerator . In addition, food and treats for cats and dogs are seeing the strongest gains in private label dollar share, the firm found. Walmart's store brands include Sam's Choice and Great Value, the latter of which is the most popular private label brand, according to Numerator. Its private label penetration is in the high 20%, and in the first quarter its penetration grew 110 basis points year over year, he pointed out. He expects its private label penetration to continue to grow.

Persons: Jefferies, Corey Tarlowe, There's, Tarlowe, Morgan Stanley, Simeon Gutman, — CNBC's Michael Bloom Organizations: Walmart, Sam's Locations: WMT

☆ Walmart expands specialty pharmacies in fight against HIV
▼ + stars: | 2023-06-09 | by ( Bertha Coombs | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart expands specialty pharmacies in fight against HIVCNBC's Bertha Coombs reports on Walmart's growing HIV outreach program. Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bertha Coombs, Brian Sullivan, “ Organizations: Walmart, CNBC

☆ Media mogul Martha Stewart isn't a fan of remote work: 'You can't possibly get everything done working three days a week in the office and two days remotely'
▼ + stars: | 2023-06-06 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

'You can't possibly get everything done working three days a week in the office and two days remotely,' she told Footwear News in a recent interview. A remote work vs return-to-office war has been brewing for years between employees and employers. "You can't possibly get everything done working three days a week in the office and two days remotely," she told the publication. "I continued to work five days a week" during the COVID-19 pandemic, she told the media outlet. Getting employees back to the office wasn't the only business advice Stewart shared with Footwear News.

Persons: Martha Stewart, —, Stewart, That's, Stewart —, Abbie Shipp, Insider's Rebecca Knight, Goldman Sachs, decaf Organizations: Service, Footwear, Wall Street, Neeley School of Business, Texas Christian University, Apple, Disney, JPMorgan Locations: France, Bedford , New York

☆ Inside CNN's epic PR fail that made a mockery of CEO Chris Licht
▼ + stars: | 2023-06-04 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +10 min

The Atlantic published a really tough article about CNN CEO Chris Licht. The disaster I'm referring to is Tim Alberta's devastating profile of CNN chair and CEO Chris Licht published Friday. And maybe, the story suggests, that's because that big idea is not really Licht's plan at all but one foisted on him by his boss, Warner Bros. Through the summer, Alberta and Licht and CNN comms people talked about what the story might look like. A handful of sources tell me Kelly was skeptical of whether this was a good idea, Dornic was happy to do whatever, and Licht really, really wanted to do it.

Persons: Chris Licht, CNN's goof, Tim Alberta's, Licht, Licht hasn't, Warner, David Zaslav, Zucker, Jeff Zucker, I've, I'm, Kris Coratti Kelly, Kelly, Matt Dornic, Dornic, Hugo, Evan Agostini, isn't, Michael Eisner, James B, Stewart, Eisner, Stewart's, Tim Alberta, Nikki Haley, Don Lemon, he'd, it's, that's, It's, wasn't, Zaslav Organizations: CNN, Trump Town Hall, Warner Bros, Discovery, Journalism, Licht, Global Communications, American Museum of, Disney, Alberta, Trump, Atlantic Locations: Alberta, Manhattan

☆ Walmart reiterates goal of doubling international gross merchandise in five years
▼ + stars: | 2023-06-03 | by ( Siddharth Cavale | ) www.reuters.com time to read: +3 min

The analysts meeting and a press presentation by Walmart CEO Doug McMillon were held on Friday in conjunction with the retailer's annual shareholders meeting in Bentonville. Five years ago, Walmart International generated about $120 billion in GMV. Walmart's business model has evolved over the past few years, with a greater focus on omni-channel - a strategy that ties together its e-commerce business, delivery services, advertising and marketplace business. McKenna said Walmart's huge size and technological breadth will give it the leverage to scale this strategy more quickly. Walmart's omni-channel efforts have been a boon for the retailer as recession fears push more Americans to seek bargains in groceries.

Persons: Judith McKenna, Doug McMillon, McKenna, McMillon, Siddharth Cavale, Will Dunham Organizations: Walmart, Bentonville ., Walmart International, International Monetary, omni, Thomson Locations: BENTONVILLE , Arkansas, Mexico, India, Fayetteville , Arkansas, Bentonville, Brazil, Argentina, Japan, United Kingdom

☆ Wild video of a Chinese fighter jet intercepting a US plane shows China getting reckless and confrontational, experts say
▼ + stars: | 2023-06-03 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

China startled the US by conducting a risky intercept of a spy plane over the South China Sea. China's longstanding claims over the South China Sea, through what is known as the nine-dash line, are not recognized by the international community — including other countries that border that waterway. A string of artificial islands in the South China Sea serves to extend China's military capability far into these waters, and is strongly opposed by the US. "I think defense departments should be talking to each other on a routine basis or should have open channels for communication," he said. "I don't think we are at the point where the US or China think that there's nothing to lose," he said.

Persons: —, Defense Lloyd Austin, Jonathan Ward, Lloyd Austin, it's, Ward, Dr Zeno Leoni, Leoni, Nancy Pelosi's, Ali Wyne, there's Organizations: Service, Defense, Atlas Organization, Pacific Command, US, King's College, South China, Austin, Eurasia Group, AP, China's Ministry of Defense Locations: China, South China, Singapore, Hainan, South, United States, Chinese, France, Ukraine, Taiwan, Beijing, Washington, Russia, China's

☆ Walmart gobbled up and spit out e-commerce brands like Bonobos and Moosejaw. Here's what happened to the retailer's jilted exes.
▼ + stars: | 2023-06-03 | by ( Ben Tobin | ) www.businessinsider.com time to read: +5 min

Walmart has sold three digital companies — Moosejaw, Bonobos, and Eloquii — this year. In the past few months, Walmart announced it was selling outdoor recreation apparel and gear company Moosejaw, upscale e-commerce apparel company Bonobos, and plus-size clothing company Eloquii. Under Lore, despite big revenue growth, the Walmart e-commerce division incurred major losses, sometimes annually upwards of $1 billion. Here's a look at each of the companies Walmart has offloaded this year. Bonobos, founded in 2007, attracts young, urban customers with its slim-fitting pants, shirts, jackets, and suits.

Persons: Marc Lore, —, Lore, Doug McMillon, Eoin Comerford, Bebeto Matthews, Ben Tobin Organizations: Walmart, Service, Privacy, Lore's, Dick's Sporting Goods, Moosejaw Walmart, Bonobos Walmart, Bonobos, Bebeto Matthews Walmart, WHP Global, Express, FullBeauty Brands Locations: Arkansas, Bentonville , Arkansas, Michigan, Walmart's, New York

June 2 (Reuters) - 3M Co (MMM.N) has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals," Bloomberg News reported on Friday, citing people familiar with the matter. 3M was scheduled to face trial on Monday against the City of Stuart, Florida. The city has said it is seeking more than $100 million from 3M to pay for water filtration and soil remediation. Litigation over them threatens companies like 3M, DuPont and others with billions of dollars in liabilities. The city claims firefighting foams containing PFAS were regularly sprayed at a local fire station, leading the chemicals to seep into the groundwater.

Persons: DuPont de Nemours Inc DD.N, CTVA.N, Stuart, Priyamvada, Clark Mindock, Brendan Pierson, Devika Syamnath, Alexia Garamfalvi, Matthew Lewis Organizations: Bloomberg, Reuters, DuPont de Nemours Inc, City, 3M, DuPont, Thomson Locations: U.S, DuPont, Stuart , Florida, South Carolina, West Palm Beach , Florida, Bengaluru, New York

☆ Here's why Walmart is an outlier in a retail industry
▼ + stars: | 2023-06-02 | by ( Melissa Repko | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Walmart is an outlier in a retail industryCNBC's Melissa Repko joins 'Squawk on the Street' to report on the latest from Walmart's shareholder meeting in Arkansas.

Persons: Melissa Repko Organizations: Walmart Locations: Arkansas

☆ Walmart has not made changes to LGBTQ-themed merchandise
▼ + stars: | 2023-06-01 | by ( Siddharth Cavale | ) www.reuters.com time to read: +1 min

[1/2] Shopping trolley is seen in front of Walmart logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoBENTONVILLE, Arkansas, May 31 (Reuters) - Walmart (WMT.N) on Wednesday said it has not made any changes to its LGBTQ-related merchandise tied to Pride Month, or to security measures in place at its stores, a week after rival Target (TGT.N) pulled some LGBTQ-themed products following customer backlash. Last week, Target pulled some Pride-related merchandise, including items by transgender designer Erik Carnell, saying the products led to "volatile circumstances," such as confrontations between customers and Target employees, and customers throwing Pride merchandise on the floor. Walmart also offers LGBTQ-themed merchandise tied to Pride Month, which is celebrated in June, including rainbow-adorned flags, clothing and accessories. "In this particular case, when we think about security ...we have not done anything in particular differently related to security in our stores," Watkins said.

Persons: Dado Ruvic, Latriece Watkins, Erik Carnell, Walmart's Watkins, Watkins, Siddharth Cavale, Lisa Shumaker Organizations: Walmart, REUTERS, Pride, Target, Thomson Locations: BENTONVILLE , Arkansas

☆ Many Walmart shoppers will soon see new packaging as retailer tries to cut waste
▼ + stars: | 2023-06-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

—‎‏ Shoppers who click the "buy" button on Walmart 's website and pick up items curbside will soon spot a difference: new packaging. "It's about making sustainability the everyday choice for our customers," said Jane Ewing, Walmart's senior vice president of sustainability. Walmart wants to reduce packaging as online sales become a bigger part of its business. Other retailers are trying to cut down on packaging and cater to customers who care about sustainability, too. Amazon has also used more made-to-fit packaging after investing two years ago in CMC, a company that makes the packaging machine.

Persons: Jane Ewing, Walmart's Organizations: Walmart, U.S, Target Locations: BENTONVILLE, Ark, U.S

☆ Walmart says it hasn't changed its Pride Month merchandise following backlash at Target stores
▼ + stars: | 2023-06-01 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

Walmart says it has no plans to change its Pride collection following the backlash against Target. Target said workers were threatened over its Pride items, leading it to pull them from some stores. "In this particular case, when we think about security ... we have not done anything in particular differently related to security in our stores," Watkins said. Late last month, Target made the decision to pull some Pride-themed merchandise and remove Pride displays at some of its stores after store workers and call-center employees were subjected to violent threats. That outcry over Target's Pride merchandise comes after a similarly anti-LGBTQ campaign targeting Bud Light earlier this year when the beer maker partnered with a trans influencer.

Persons: hasn't, —, Latriece Watkins, Watkins, Walmart hasn't, Bud, Bud Light Organizations: Walmart, Target, Service, Privacy, Bloomberg, Reuters, Pride Locations: Bentonville , Arkansas

☆ Cramer's Lightning Round: Super Micro Computer is not a buy
▼ + stars: | 2023-05-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

Stock Chart Icon Stock chart icon Bowlero's year-to-date stock performance. Stock Chart Icon Stock chart icon Corteva's year-to-date stock performance. Stock Chart Icon Stock chart icon Telus's year-to-date stock performance. Stock Chart Icon Stock chart icon Super Micro Computer's year-to-date stock performance. Stock Chart Icon Stock chart icon Upstart's year-to-date stock performance.

Persons: Myers, Smith, Neidorff, That's, It's Organizations: Bristol, Myers Squibb, Telus, Mobile, Verizon, Carrier Locations: California, Bristol, Myers, Europe

☆ How Costco is winning the war against rising retail theft
▼ + stars: | 2023-05-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Walmart, Target, and other major retailers are sounding alarms about rising losses due to theft. The warehouse chain's chief financial officer, Richard Galanti, said Thursday that shrinkage — or inventory losses due to theft, fraud, or other causes — was largely unchanged. Overall, theft helps drive about $95 billion in losses every year for US retailers, according to estimates by the National Retail Federation, an industry group. "By strictly controlling the entrances and exits and using a membership format, we believe our inventory losses (shrinkage) are well below those of typical retail operations," Costco says in its annual report each year. In short, Costco is better able than most retailers to control its losses to retail theft thanks to some key strategies that are core to its business.

☆ Walmart employees are inundating the company's social-media site with memes making fun of management
▼ + stars: | 2023-05-25 | by ( Ben Tobin | ) www.businessinsider.com time to read: +7 min

Walmart started using Workplace, a Meta-designed social-media app, in 2017. "Most of the posts I see on Workplace are just memes making fun of management and corporate," a Walmart employee from Minnesota said. On Walmart's Workplace site, the first photo was captioned "using workplace for work-related posts," and the second photo said "using workplace for memes." Just as on Facebook, users have Workplace feeds where they see what other Walmart workers post, with their names attached. The Walmart employee from Michigan said he was "surprised at first" that workers would share memes on Workplace without being anonymous.

☆ Walmart will offer pet telehealth in latest bid to compete with Amazon
▼ + stars: | 2023-05-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Patrick T. Fallon | Bloomberg | Getty ImagesWalmart is jumping into the burgeoning pet telehealth market. Unlimited access to veterinary telehealth via video or text will be available to Walmart+ subscribers beginning on Tuesday, when Walmart is expected to announce the partnership publicly. Walmart's expansion into pet telehealth signals the largest U.S. retailer is ready to grow its share of the market. Traditional pet-only retailers like Chewy and Petco have already been investing in pet health care to better compete with big-box stores. Others have argued pet telehealth helps bridge the access to care as pet owners contend with a nationwide veterinary shortage and swaths of pet health deserts across rural America.

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