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☆ Walmart raises store managers’ pay for first time in a decade, average hits $128,000
▼ + stars: | 2024-01-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Now, Walmart is saying it’s going to pay the managers of those stores, charged with that huge responsibility, accordingly, with a new average salary of $128,000 a year. Walmart said Thursday it is boosting the average pay of its store managers from $117,000, or by just over 9%, the retailer announced Thursday. The company told CNN that it hasn’t made any changes to store managers’ pay structures in more than a decade, before a pandemic and all that followed subsequently, including a period of high inflation. Previously, the pay range for store managers was between $65,000 and $170,000, it said. The retailer noted that as many as 75% of its managers began their Walmart careers as hourly workers.

Persons: New York CNN —, hasn’t, ” Cedric Clark, ” Clark, “, CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Walmart, CNN, Walmart U.S, Target Locations: New York, The Minneapolis, Bentonville , Arkansas, U.S, Washington

☆ Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024
▼ + stars: | 2024-01-18 | by ( Christine Chung | ) www.nytimes.com time to read: +21 min

Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.

Persons: Chanelle, Hayley Berg, ” Ms, Berg, “, Robert W, Mann Jr, ”, Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, ‘, ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, ”, airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, “, —, MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico

☆ Walmart settles a lawsuit that claims it passed a female worker for promotion because she had young children at home
▼ + stars: | 2024-01-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Walmart is set to pay a former worker $60,000 to settle claims it didn't promote her because she had young children. The company didn't hire her for a manager role because she had children at home, the EEOC said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWalmart is set to pay a former female worker $60,000 to settle a lawsuit claiming it turned down her request for promotion because she had young children at home. The EEOC filed the lawsuit after it failed to reach a conciliation agreement with the Arkansas-based retailer.

Persons: —, wasn't Organizations: Walmart, Service, Employment, Commission, Business Locations: Ottumwa , Iowa, Arkansas

☆ Fears of prolonged Red Sea shipping crisis fuel inflation fears, as oil, retail cargo delays rise
▼ + stars: | 2024-01-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

"If so, we expect the soaring freight rates and equipment shortage will continue till the third quarter," it advised clients. This would be on top of the revenue lost by diverted container vessels which are required to pay between $500,000-$600,000 per transit. "However, given the longer transit times vessels are experiencing, the market may face a shortage of empties across Asia until sailings normalize." Evelyn Fornes, Home Depot spokeswoman, said it is working with logistics carriers to find alternate routes to limit any impact from the Red Sea conflict. East Coast freight rates soar While freight rates for U.S. West Coast ports have yet to spike, freight rates for the East Coast and Gulf are up.

Persons: Folden, Shell, Jean, Charles Gordon, Nyttingnes, Torm, Euronav, Tom, Hafnia, Andy Lipow, Kuehn, Nagel, Ami Daniel, Goetz Alebrand, Stephen Schwarz, Paolo Montrone, Kuehn + Nagel, Alan Baer, Baer, Evelyn Fornes, Fornes, Lane Organizations: Galaxy, Houthis Media, Getty Images, Anadolu, Getty, U.S, Clarksons Securities, Honour Lane Shipping, Wall Street, Shell, Suez, Authority, Lipow Oil Associates, Logistics, CNBC, DHL Global, Asia Pacific, Kuehn, USA, Home, Costco, Walmart, Home Depot, Volvo, Michelin, Ikea, East, U.S . Locations: Iran, Yemen, Anadolu, Hafnia, Ardmore, Suez, Israel, Americas, Asia, Europe, Wells Fargo, Red, U.S, East Coast, U.S . West Coast, Gulf, East, West, West Coast

☆ Ikea says it's going to cut prices this year, and the company's comments on deflation should be setting competitors on edge
▼ + stars: | 2024-01-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewCompanies across the board have been hiking prices massively in the last few years, citing relentless supply chain disruptions from the COVID-19 pandemic, geopolitical tensions, and Russia's war in Ukraine. Speaking to Reuters at the World Economic Forum in Davos, Switzerland, Broden acknowledged "quite significant deflation" upstream in its supply chain. AdvertisementIkea also has enough inventory to offset price hikes from any supply chain shocks, Brodin told the news agency. To be sure, Ikea hiked prices in 2022, citing supply chain bottlenecks and higher raw material costs, but the furniture giant started cutting price late last year, citing easing price pressures. US grocery giant Walmart signaled deflation in November as well — but that was before the Red Sea Houthi attacks dragged into the new year.

Persons: —, Jesper Brodin, Broden, Brodin, It's Organizations: Service, Business, Ingka, Ikea, Reuters, Red, Economic, Energy Locations: Ukraine, Davos, Switzerland, London, Russia

☆ Redesigned Apple Watches not subject to import ban, U.S. Customs says
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: +4 min

Apple had said that a proposed redesign would allow it to circumvent findings that the watches infringe Masimo's blood-oxygen reading pulse oximetry patents. According to Masimo's filing on Monday with the Federal Circuit, Apple told the U.S. Customs and Border Protection agency that its redesigned watches "definitively do not contain pulse oximetry functionality." Irvine, California-based Masimo has accused Apple of hiring away its employees and stealing its pulse oximetry technology to use in Apple Watches after discussing a potential collaboration. Apple has included a pulse oximeter feature in smartwatches since its Series 6 Apple Watch in 2020. Masimo asked the ITC in 2021 to bar Apple's imports and sales of Apple Watches that allegedly infringed its patents.

Persons: Apple, Masimo, Apple countersued Organizations: Apple, Apple Watch, U.S . International Trade Commission, U.S ., Appeals, Federal Circuit, U.S . Customs, Border Protection, . Customs, ITC, Masimo, Amazon, Costco, Walmart, Federal Locations: U.S, Irvine , California, smartwatches, California, United States

☆ The company behind the unbearably spicy instant ramen that sparked countless food-eating challenges went through 2 tons of sauce and 1,200 chickens to perfect its flavor
▼ + stars: | 2024-01-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

AdvertisementThe two couldn't handle the spiciness, but Kim still believed there was a market for a spicier ramen. "We have to do a ramen version of this," she recalled to WSJ. According to Kim, Samyang's food development team took months to perfect the flavor, going through 1,200 chickens and two tons of sauce. Kim herself initially couldn't handle the spiciness of Buldak — its original flavor rated at around 4,000 Scoville Heat Units. Costco also has been selling Buldak at some West Coast locations and is considering expanding the ramen's availability throughout the US, Samyang told the publication.

Persons: —, Kim Jung, soo, Kim, Buldak, Samyang Organizations: Service, Business, Wall Street, Walmart, Costco Locations: South Korean, Korea, West Coast

SEATTLE (AP) — Washington state Attorney General Bob Ferguson on Monday sued to block the proposed merger of Kroger and Albertsons, two of the nation's largest grocery chains. Kroger and Albertsons have more than 300 locations in the state and account for more than half of its grocery sales, according to the suit. “This merger is bad for Washington shoppers and workers,” Ferguson said in a news release Monday. "Workers, shoppers and our communities need to prevent this proposed mega-merger from taking place,” Yasmin Ashur, a union member who works in an Albertsons grocery store, said in a union statement Monday. The grocery chains say they must merge to compete with Walmart, Amazon and other major companies that have stepped into the grocery business.

Persons: Bob Ferguson, Ferguson, ” Ferguson, ” Kroger, Fred Meyer, Kroger, ” Yasmin Ashur Organizations: SEATTLE, Kroger, Albertsons, King County Superior Court, Seattle Times, “, Safeway, Federal Trade Commission, United Food & Commercial Workers, The Seattle Times, Workers, S Wholesale Grocers, Walmart, Amazon Locations: Washington, King County, Cincinnati, Boise , Idaho, Oregon, Idaho

☆ Target and Walmart stores in the Bay Area are locking up underwear and socks to prevent shoplifting
▼ + stars: | 2024-01-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Target and Walmart stores in the Bay Area are putting underwear and socks behind locked doors. AdvertisementUnderwear and socks are some of the latest items to be locked up at Target and Walmart stores in the Bay Area, in the retailers' latest efforts to combat shoplifting, NBC Bay Area reported . One customer told NBC Bay Area that they had to wait 10 minutes for an assistant to retrieve an item. A Walmart store located in Hilltop, California is also keeping underwear locked up in a bid to prevent theft. Cesar Zepeda, a Richmond City councilmember, said in an interview with NBC Bay Area that retail theft is hurting the local community and its likely to lead to store closures.

Persons: —, Cesar Zepeda Organizations: Walmart, Service, Target, NBC Bay, NBC Bay Area, Richmond City councilmember, Social, National, Security Survey Locations: Bay, Hilltop , California, Richmond

☆ What’s open and closed on MLK Day 2024
▼ + stars: | 2024-01-14 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

However, the first national celebration of MLK Day didn’t take place until 1986 after years of advocacy. Here’s what’s open and closed on Martin Luther King, Jr. Day 2024. Bing Guan/Bloomberg/Getty ImagesMajor US retailers and grocers — such as Target, Walmart and Kroger — will be open on MLK Day. MLK Day is one of six free entrance days in 2024. FedEx will be open, though FedEx Express and FedEx Ground Economy will be operating on modified service.

Persons: Martin Luther King, Jr, John Conyers, King, Here’s, Bing Guan Organizations: New, New York CNN, MLK, Retail, Costco, Bloomberg, Getty, Major, Target, Walmart, Kroger, Sam’s, US National Parks, United States Postal Service, UPS, FedEx, FedEx Express, Nasdaq, New York Stock Exchange Locations: New York, New Hampshire

☆ Five-foot Toy Story 3 bear draws the crowds at Costco’s first store in ‘China’s Silicon Valley’
▼ + stars: | 2024-01-13 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Costco unveiled its new 44,500-square-meter store in the city often dubbed China’s “Silicon Valley” on Friday, drawing large crowds in search of bargains and imported products. People line up outside the Costco store in Shenzhen, China, during its launch on January 12, 2024. Social media was awash with images of people taking home the giant version of the bear, measuring five feet tall. Lots-o-Huggin' Bear was among the more popular products on offer at the Costco store in Shenzhen during its launch on January 12, 2024. In China, Costco faces intense competition from online shopping platforms, such as Taobao and Pinduoduo, in a market where consumers are accustomed to online retail.

Persons: Costco’s, ” Kim Lin, Lin, ”, Olin Wang Organizations: Hong Kong CNN, Costco, CNN, Social, Sam’s, Walmart Locations: Hong Kong, Shenzhen, China, Shanghai

☆ Stanley's viral cups are such a status symbol that kids are getting mocked at school for having off-brand dupes, one mom's viral TikTok says
▼ + stars: | 2024-01-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Stanley's "Quencher" insulated cups are a hot status symbol for kids and parents alike. One mom's viral TikTok even claims that her daughter was mocked at school for having a cheaper dupe. Dayna Motycka said in a TikTok video that she bought her daughter the $9.98 cup from Walmart for Christmas. Motycka, who herself owns a Stanley cup, said she went on to buy her daughter a $35 30-ounce white Stanley cup. "We have got to teach our kids to not make other kids feel inferior for not having the things that they have."

Persons: —, Gen Zs, Stanley, Stanley Valentine's, Casey Lewis, Dayna Motycka, Motycka, I've Organizations: Walmart, Service

☆ Affiliate marketing is becoming a PR nightmare for some brands as it strips their control over who promotes a product
▼ + stars: | 2024-01-12 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +6 min

"Sweet Loren's is not in any way affiliated with or working with Colleen previously, now, or in the future. We also did not pay any commission for sales through the attached affiliate link." An affiliate link is a custom link generated by an affiliate marketing platform that lets the influencer earn a small commission from every product or service sold using the link. Sweet Loren's could presumably appeal to Walmart or YouTube to remove Ballinger from their affiliate program. But when an influencer organically promotes a product or service and links to an affiliate link, the brand typically has no involvement, as most brands work with a third-party affiliate network.

Persons: YouTuber Colleen Ballinger, Ballinger, Miranda Sings, cohost Trisha Paytas, she's, Ballinger hasn't, it's, Loren's, TikTok, commenter, hadn't, Sweet Loren's, Colleen, Sweet, There's, Conor Begley Organizations: Business, YouTube, Walmart

☆ At Sam’s Club, a Human Will No Longer Check Your Receipt at the Door
▼ + stars: | 2024-01-12 | by ( Sopan Deb | More About Sopan Deb | ) www.nytimes.com time to read: +1 min

But at other chains, where the practice is less consistently enforced, there have been accusations of racial bias. One response to this has been the addition of self-checkout lines. According to a video presented by Walmart executives, Sam’s Club will now have customers go through a gate-like portal rather than having an employee stand at the door and check individual receipts — an innovation that Ms. Crozier described as reimagining the future of retail. The portal is equipped with what Walmart said in a news release was “computer vision and digital technology” to verify purchases. The technology is currently at 10 locations, but Ms. Crozier told the audience that the company hoped to make the change at all of its roughly 600 locations by the end of the year.

Persons: Crozier Organizations: Costco, Walmart, Sam’s

☆ Microsoft Tops Apple to Become Most Valuable Public Company
▼ + stars: | 2024-01-12 | by ( Tripp Mickle | Karen Weise | ) www.nytimes.com time to read: +1 min

For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil as the world’s most valuable public company in 2011 and held the title almost without interruption. On Friday, Microsoft surpassed Apple, claiming the crown after its market value surged by more than $1 trillion over the past year. The change is part of a reordering of the stock market that was set in motion by the advent of generative artificial intelligence. The values of Apple, Amazon, Facebook, Microsoft and Google dwarfed former market leaders like Walmart, JPMorgan Chase and General Motors.

Persons: Apple, JPMorgan Chase Organizations: Exxon Mobil, Microsoft, Apple, Bloomberg, Exxon, Facebook, Google, Walmart, JPMorgan, General Motors

MINNEAPOLIS (AP) — MyPillow chief executive and prominent election denier Mike Lindell said Friday that Fox News has stopped running his company's commercials, disputing the network's assertion that it is simply because he hasn't paid his bills. Lindell went public by tweeting that Fox, which had been one of MyPillow's biggest advertising outlets, had canceled him. Several big-box retailers, including Walmart, have discontinued his products, and lawyers who were defending him against defamation lawsuits by voting machine companies quit. In an interview with The Associated Press, Lindell acknowledged that MyPillow owes money to Fox. He said MyPillow has long spent an average of $1 million a week to run its ads on Fox.

Persons: —, Mike Lindell, hasn't, Lindell, Fox, Donald Trump’s, ” Fox, Irena Briganti, MyPillow, Lou Dobbs, Trump, Dobbs, ”, it's, ‘, ’ Organizations: Fox News, Fox, Walmart, “, Associated Press, Fox Business, Systems, Dominion Locations: MINNEAPOLIS, Minnesota

☆ Walmart Spark shoppers can remove their tips up to 24 hours after delivery. Drivers say that contributes to a problem of 'tip baiting.'
▼ + stars: | 2024-01-11 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

When he works for Walmart's Spark Driver delivery app, it happens a few times a week, he told Business Insider. They traced the problem to a Spark policy giving customers up to 24 hours to reduce or take back their tips. DoorDash's app lets customers only increase a tip or add one — lowering a tip requires calling customer service, a company spokesperson told BI. AdvertisementDrivers can wind up making far less than they expected once the 24 hours is up, a Georgia Spark driver told BI. A Spark driver there told BI his area had too many drivers and that tip baiting wasn't a significant problem.

Persons: —, Dara Khosrowshahi, Spark, Yeji Jesse Lee, it's, Uber, they've, Brock Dickens, they'd, I've Organizations: Service, Business, Google, Walmart, Drivers, BI, Detroit Locations: Indiana, San Francisco, New York City, DoorDash, Carolina, Georgia, Oregon

☆ From transparent TVs to ChatGPT-powered pet companions, here’s some of the buzziest tech of CES 2024
▼ + stars: | 2024-01-11 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +10 min

Here’s a look at some of the buzziest products announced this week:Loona companion robot is the world's first consumer robot equipped with ChatGPT AI technology. From Beijing KEYi Technology Co. Ltd.AI companionsAI companions are one of the biggest trends to emerge from the show this year. Samsung’s buzzy Ballie robot, which was first shown off at CES in 2020, received a refresh. BaracodaAI task robotsBeyond companions, AI has made its way into nearly every appliance and gadget you could think of this year. LG was one of the first leaders in transparent TVs; one of its earlier prototypes impressed the show floor back in 2020.

Persons: it’s, Loona, Rosie, Samsung’s, Dipanjan Chatterjee, ”, Volkwagen, Mercedes Benz, Chatterjee, ” Honda, VinFast, “ There’s, Jon Erensen, EssilorLuxottica, Francesco Milleri, Evie, Steve Jobs, Cook, Christoph Dernbach, “, Jitesh Ubrani, ” Ubrani, CNN’s Peter Valdes, Dapena Organizations: CNN — Tech, Consumer Electronics, Beijing KEYi Technology, ., LG, CES, Forrester Research, Walmart, Nvidia, AMD, Honda, VinFast, Fiat, Samsung, Gartner, Media, Apple Vision, Steve, Apple, IDC, Sony, Qualcomm Locations: Las Vegas, Beijing, USA, Cupertino, Cupertino ., Apple's, United States

☆ Walmart is closing a pair of stores in San Diego
▼ + stars: | 2024-01-11 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Walmart will close two stores in the San Diego area on February 9. AdvertisementWalmart is set to close a pair of stores in the San Diego area that it says are not meeting financial performance expectations. The store locations are 2121 Imperial Ave. in San Diego and 605 Fletcher Parkway in El Cajon will close on February 9. "We are grateful to the customers who have given us the privilege of serving them at our San Diego and El Cajon stores," Walmart spokesperson Brian Little said in a statement to Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: —, Brian Little Organizations: Walmart, Service, El, Business Locations: San Diego, El Cajon, Walmart.com

☆ Ads for Match Group and Walmart ran alongside disturbing content on Meta’s platforms, court documents claim
▼ + stars: | 2024-01-10 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

Wednesday’s filing alleges that Match Group cut its advertising spending on Meta’s platforms over its concerns. Wednesday’s complaint cites an alleged email exchange between Match and Meta late last year in which the dating company asked how Meta prevented its ads from running next to inappropriate content. Meta responded saying it had removed some of the flagged content, including the group, the complaint states. Former Facebook employee-turned-whistleblower Arturo Bejar also told a Senate subcommittee in November that Meta’s top executives, including Zuckerberg, ignored warnings for years about harm to teens on its platforms. Zuckerberg and Meta are refusing to be honest and transparent about what is taking place on Meta’s platforms,” Torrez said in a statement to CNN Wednesday.

Persons: General Raúl Torrez, Torrez, Mark Zuckerberg, Meta, ” Meta, Andy Stone, “, we’ve, provocatively, Harley Davidson, ”, Zuckerberg, Arturo Bejar, Mr, Meta’s Stone Organizations: New, New York CNN, Group, Walmart, Meta, CNN, Wall, Facebook, Wednesday Locations: New York, New Mexico, Mexico, “, TikTok

☆ Sam's Club will stop checking receipts at the door — and instead use AI to snap photos of your shopping cart
▼ + stars: | 2024-01-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Sam's Club is ditching physical receipt checks for an AI shopping-cart scan. Waiting for receipt checks at the exit has long been a source of frustration for shoppers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementShopping trips to Sam's Club are about to get a little shorter — at the exit, at least. The Walmart-owned warehouse club said Tuesday it's ditching physical receipt checks for an artificial-intelligence-powered scan of members' shopping carts as they roll out of the store.

Persons: —, Megan Crozier Organizations: Sam's, Service, Walmart, US's, Consumer, Business Locations: Las Vegas

☆ Everything we know about 'Crescent City' author Sarah J. Maas' next fantasy books
▼ + stars: | 2024-01-10 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Sarah J. Maas is releasing the third installment of the "Crescent City" series in January. This article contains spoilers for Sarah J. Maas' books. Her next release will continue the "Crescent City" series, though "A Court of Thorns and Roses" will have more installments too. BloomsburyThe "Crescent City" books follow Bryce Quinlan, a half-fae living on the planet of Midgard. However, she refused to confirm whether mates are the same in "Crescent City" as they are in the "ACOTAR" world.

Persons: Sarah J, Maas, —, Bryce Quinlan, Bryce, Rhysand, Rhys, Bryce's, Hunt Athalar, Ruhn, Hunt, Christina Lauren, Christina Hobbs, Lauren Billings, Danika Fendyr, Connor Holstrom, Katie Fraser, Noble, Ember Quinlan, Randall Silago, Danika, Lidia Cervos, Azriel, Eva Chen, Elain Archeron, Archeron, Cassian, Lucien Vanserra, It's, Galathynius, Feyre, Katherine Webber Organizations: Service, Court, The, Barnes, Walmart, Bloomsbury, Silver Flames, Crescent City Locations: Crescent, Prythian, Midgard, Nesta, United States, Ruhn, Billings, Hobbs, Kingdom

☆ Walmart is betting big on new technology. But can it deliver where others haven’t?
▼ + stars: | 2024-01-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —Walmart is joining the AI, drone and tech race. The superstore announced that it is offering drone delivery for up to 75% of the Dallas area’s population, or about 1.8 million homes. But drone delivery as a concept isn’t new, and Walmart’s timeline to take off in Dallas is remarkably short. Normally, customers who need to shop for a Super Bowl party search for items on the Walmart app individually, the company said. Walmart also announced advancements in its InHome service, which it debuted in 2019 to deliver groceries straight into customer’s refrigerators.

Persons: Doug McMillon, Satya Nadella, it’s, ” McMillon, John Locher, Jeff Bezos, Prathibha Rajashekhar, It’s, Walmart’s InHome Organizations: New, New York CNN, Walmart, Consumer, Sam’s Club, CES, Sam’s, Fort, Dallas, Amazon, UPS, Volkswagen, Federal Aviation Administration, CNBC, FAA, Amazon’s, Air, Technology, Microsoft, Apple, Super, Business Locations: New York, Las Vegas, Dallas, Fort Worth Area, Italy

☆ Walmart wants to use AI to restock your fridge automatically
▼ + stars: | 2024-01-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Walmart is starting to use AI to figure out how often you order groceries and order them for delivery. The service will soon be part of Walmart's InHome delivery, according to its presentation at CES. Walmart customers can set up deliveries of essentials at regular intervals, a service the big box chain started offering last year. The company started offering InHome delivery in 2019. Spark's gig delivery workers aren't allowed to enter customers' homes, a point of confusion for Walmart customers who think Spark contractors make InHome deliveries.

Persons: —, Whitney Pegden, Walmart InHome, Pegden Organizations: Walmart, Service, Consumer Locations: Las Vegas

☆ A Gen Z-er did six-figures in Amazon sales on a $3,000 budget using retail arbitrage. He explains how he's shifting his e-commerce strategy to create a more sustainable and passive income stream.
▼ + stars: | 2024-01-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

"There's a low barrier to entry," the 20-year-old told Business Insider of the main reason he started with retail arbitrage. The trade-off is that retail arbitrage is a time-intensive strategy. Like arbitrage, you're buying and reselling an existing product; but you're buying in bulk, meaning you're spending more money upfront on inventory. Starting a private label brand is going to require the most upfront investment, both in terms of your time and money. Comparatively, with retail arbitrage, "I'm handling everything," he said.

Persons: —, Sahaj Dhingra, Dhingra, you've, He's Organizations: Service, Costco, Walmart, Amazon, Business, Virginia Commonwealth University, VCU

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