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Consumers are strained according to Target, Macy’s and Best Buy
Walmart said on Tuesday that it saw an 8% sales increase during its latest quarter at US stores open for at least one year. Walmart said growth was led by grocery sales. Government inflation data shows that grocery prices have increased 11.3% over the last year, and more shoppers are turning to discount chains like…
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Walmart warns that it is in for a rough year
Walmart reported that its third-quarter net sales fell by 0.6% from a year ago, while the company’s same-store sales fell 2.1%. The world’s largest retailer had reported a rise of 1.3% in its same-store sales in its August quarter. Walmart’s same-store sales were down 3.2% in October from a year ago. Walmart also announced that…
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The best mattresses and sleep deals on Cyber Monday
The price of Casper’s Hybrid Mattress at Amazon and Target has been reduced by $2,526 ($250 off) from last year. The Standard Foam Mattress is discounted to $1,036 ($250 off) compared to the last year. The price of Allswell’s Queen-size mattresses is $349 from Walmart, which also makes Allswell mattresses. This is unfortunately not as…
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The suspect in the El Paso Walmart shooting pleads guilty
Jorge Crusius, the man accused of killing 11 people in a 2019 shooting at a Walmart in Texas’ El Paso, has pleaded not guilty to federal charges. Crusius also faces state charges over the shooting that left nearly two dozen people wounded. “This attack is a response to the Hispanic invasion of Texas,” Crusius had…
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Vans could possibly go electric.
US electric vehicle maker Rivian has said it’s going to build all its vehicles in local markets. “We had to rethink how vehicles are designed and engineered to do this. Think of a warehouse in your city, building vehicles for your city,” the company said. Rivian is working with Amazon and Walmart to produce electric…
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There’s an opinion regarding the future of retail.
Online retailers like Walmart, Starbucks and Amazon are opening physical stores as the demand for omni-channel retail has increased, while brick-and-mortar retailers have faced a decline, according to market research firm eMarketer. Meanwhile, BOPUS (buy online, pick up in store) has also increased in the past decade. However, BOPUS has slowed down in recent years,…
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There are a lot of great Apple Deals.
Amazon and Best Buy’s deals have slashed prices of several Apple products including the iPad Air, MacBook Air, Mac Mini and Apple Watches during the Black Friday and Cyber Monday sales. The cheapest iPad Air on sale at Amazon is priced at $810. Walmart has the best price on the 11-inch iPad Pro, which features…