Retail - US Retail

Walmart Job Cuts Rise To 1,000 In Company's Latest Shake-Up

Walmart is cutting as many as 1,000 jobs at its headquarters this year and next, the latest effort to streamline a retail empire under threat from Amazon....

Sam's Club Further Shakes Up Operations After Closing Stores

Sam’s Club is restructuring its product-purchasing team, marking the second big shake-up for the Walmart unit this month. A spokeswoman said the w...

US Convenience Stores Getting Squeezed By Fast Food, Dollar Stores

The US convenience store industry is facing an inconvenient truth: Americans are changing the way they shop for snacks and drinks. The nation’s 15...

Walmart Said To Elevate US Executive To Key Overseas Role

Walmart will tap Judith McKenna to run its international unit, elevating one of its highest-ranking female executives to a critical role, according to peop...

Walmart's Wage Hike Would Represent Just Five Hours Of Sales

Walmart jolted the retail industry Thursday by raising its US starting pay to $11 an hour, a roughly 10% gain from the current level. But what does that...

Walmart To Close 63 Sam's Club Stores, Announces Pay Increases

Retail giant Walmart has announced that it is closing 63 of its Sam's Club stores in the US, as it shifts focus to its e-commerce business. The company...

Target Rises After Brisk Holiday Sales Help Boost Forecast

Target emerged as a winner in the US retail holiday season, boosting its turnaround plan and pressuring rival Walmart to match the performance. Target&r...

Costco Posts $15 Billion In December Sales

US retailer Costco Wholesale Corporation has reported $14.94 billion in sales for the five weeks up to 31 December 2017, a 14.3% increase from the same per...