Walmart boosts outlook after a strong first quarter and rising online sales
Walmart reported fiscal first quarter profits and sales that beat Wall Street estimates as the nation’s largest retailer keeps drawing budget conscious consumers to its aisles looking for food and other items in a challenging economic environment.
Man charged in counterfeit $63K+ bill spree across 28 different Walmart locations, including Amherst County
A man has been arrested after allegedly using counterfeit bills to take more than $63,000 worth of merchandise from 28 different Walmarts along the East Coast, according to the Amherst County Sheriff’s Office.
An inflation gauge tracked by the Fed slows to still-high 6%
A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices.
Target's 3Q profit drops 52% as shoppers force price cuts
An unexpected and potentially ominous pullback in customer spending ahead of the holiday shopping season pushed third quarter profits at Target down 52% after it was forced to slash prices for Americans who are feeling the squeeze of inflation.