RETAIL&WHOLESALE Archive

There’s one thing that everyone is getting wrong about the war between Walmart and Amazon

A lot of people are betting against Walmart right now. The retailer’s stock price recently suffered its biggest one-day drop in 25 years after executives warned that annual growth over the next three years would range between 3% and 4% and profit would decline by up to 12% in 2017. Shares have dropped by more [&hellip

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Wal-Mart pulls an Amazon, announces its own drone delivery test program

Source photo Wal-Mart Stores Inc. WMT, -0.48% intends to test drones for package delivery and pickup and for checking warehouse inventories. The retailer submitted an application Monday to U.S. regulators for permission to test drones outdoors, following in Amazon’s footsteps. Drones would be used for “deliveries to customers at Wal-Mart facilities, as well as to [&hellip

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American Apparel could file for bankruptcy as soon as Monday

Source photo American Apparel Inc. filed for bankruptcy protection on Monday, the latest setback for a company that was thrown into chaos after a battle to oust founder Dov Charney. The Los Angeles-based clothing manufacturer and retail chain APP, -6.34% has struggled with shrinking sales and an outsize store footprint, as well as litigation tied [&hellip

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Wal-Mart setting up for hundreds of job cuts at its headquarters

Wal-Mart Stores Inc. is preparing a round of layoffs as early as Friday that would affect hundreds of employees at its Bentonville, Ark., headquarters, according to people familiar with the situation. Human resources employees have reserved many of the meeting rooms at the headquarters on Friday as well as small rooms typically used by suppliers [&hellip

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Turkey’s Begendik to buy Tesco stores, looks at stock market listing

Turkish food retailer Begendik plans to buy 10 stores from rival Tesco Kipa this year, its CEO said on Friday, part of expansion plans that could lead to a tie-up with a foreign investor, potentially from Iran, and a stock market listing. Turkey has been hobbled by slowing economic growth, political uncertainty and a worsening [&hellip

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