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Retailers: Theft Is Killing Our Bottom Lines

Target expects to lose up to $1B this year due to 'shrink,' also taking a toll on Dollar Tree, Kohl's

(Newser) - Dollar Tree is the latest company to partly blame theft for plunging profits. The company's gross profit margin fell to 29.8% last quarter from 32.7% a year earlier, CEO Richard Dreiling and CFO Jeffrey Davis told Wall Street analysts on Thursday, per CNN . They attributed much of...

Family of Man Who Allegedly Hit Migrants: It Was an Accident

North Carolina man suspected of driving into group has turned himself in

(Newser) - The North Carolina man accused of plowing into a group of migrant workers with his SUV turned himself into police Monday, the day after the incident in front of a Walmart left six men injured. Police originally said the crash was believed to have been intentional, but family members told...

These Companies Just Made Fortune 500's Top 10

Walmart takes top spot in annual ranking of largest US firms

(Newser) - Fortune has released its annual Fortune 500 rankings, its 69th version of the list of the country's largest corporations, based on revenue for 2022's fiscal year. Per a release , a company had to bring in $7.2 billion to be included, a jump of 13% from last...

'Super-Rare' Bug Found at Walmart Stuns Experts
'Super-Rare' Bug Found
at Walmart Stuns Experts

'Super-Rare' Bug Found at Walmart Stuns Experts

It's the first giant lacewing recorded in eastern North America in half a century

(Newser) - Michael Skvarla, director of Penn State's Insect Identification Laboratory, was examining an insect in front of students over Zoom in the fall of 2020 when he froze. He'd just been explaining that this insect from his personal collection—plucked from the side of an Arkansas Walmart during a...

340K Walmart Workers Are Getting a Raise
Walmart Is Raising
Its Minimum Wage

Walmart Is Raising Its Minimum Wage

Company says rise from $12 to $14 will affect around 340K workers

(Newser) - While tech companies are laying off workers by the thousand, Walmart is trying to make sure its 1.6 million workers stick around. The company, America's largest employer, says it is hiking its minimum wage from $12 to $14 for store employees, almost twice the federal minimum wage of...

Walmart Pulls KKK Boots From Online Marketplace

Company says 'inappropriate merchandise' was offered by third-party seller

(Newser) - Walmart says it's looking into how hiking boots with the letters KKK on the tongue made it into its online marketplace. The $50 boots appeared in an online listing under the name "Harsuny Men’s Tactical Military Hiking Ankle Boot Outdoor Trekking Shoes," the Huffington Post reports....

TikToker Helps Walmart Worker, 82, Retire

GoFundMe campaign has raised more than $126K for employee at Maryland store

(Newser) - Butch Marion, an 82-year-old Walmart worker in Maryland, is finally hanging up his blue vest. A GoFundMe campaign has raised more than $126,000 to help the widowed Navy veteran retire. The campaign was started by business owner Rory McCarty, who said he was "astounded" to see McCarty still...

Walmart Shooting Survivor Files a Big Lawsuit

Donya Prioleau wants the company to pay $50M in damages

(Newser) - In the aftermath of the mass shooting at a Walmart in Virginia last week, store employee Donya Prioleau was widely quoted in the media as making this jarring statement: "I just watched three of my friends killed in front of me," she said. Now Prioleau wants Walmart to...

Shooter's 'Death Note' Calls Out Walmart Workers

'I was harassed by idiots,' he wrote among references to demons and Satan

(Newser) - The employee who opened fire at a Virginia Walmart on Wednesday, killing six co-workers and himself , left behind a manifesto claiming "my intent was never to murder anyone" but "things just fell in place like I was led by the Satan." Andre Bing apologized to God for...

Walmart Says Mass Shooter Was Overnight Manager

Coworkers say Andre Bing seemed paranoid, had a 'nasty attitude'

(Newser) - The Walmart employee who killed six people in a mass shooting Tuesday night before taking his own life was a night manager with a "nasty attitude," workers say. Walmart has identified the employee as Andre Bing, a 31-year-old team leader at the Chesapeake, Virginia, store. Walmart says he...

Police: Employee Killed 6 in Virginia Walmart Shooting

Police say the shooter is also deceased

(Newser) - Police in Virginia say multiple people were killed and injured Tuesday night in a shooting at a Chesapeake Walmart that was carried out by an employee. WAVY reports the shooting was reported at 10:12pm at a supercenter location off Battlefield Boulevard. The city of Chesapeake said that seven people...

Inflation Affects Walmart, Target Holiday Strategies

With prices going up, retailers expect shopping to start earlier

(Newser) - This fall, it won't just seem like the holiday shopping season is starting early. Walmart and Target on Thursday announced an earlier-than-normal launch as part of their holiday sales strategy. As CNN puts it, "Halloween is still a month away, but Walmart is ready for Christmas." Anticipating...

Pilot Who Threatened to Crash Into Walmart Lands

Mississippi officials report no injuries and say suspect is in custody

(Newser) - Update: This file has been updated with the plane landing. A small airplane that circled over a Mississippi city for hours on Saturday morning while the pilot threatened to crash the aircraft into a Walmart store has landed safely in a field, the FAA reported. Gov. Tate Reeves tweeted that...

Walmart Broadens Abortion Coverage for Employees

Retailer also expands benefits for fertility services, in vitro fertilization, adoptions

(Newser) - Walmart, the nation's largest employer, is expanding its abortion coverage for employees after staying largely mum on the issue following the Supreme Court ruling that scrapped a nationwide right to abortion. In a memo sent to employees on Friday, the AP reports, the company said its health care plans...

Pharmacy Chains Ordered to Pay Ohio Counties $650M

They lost a landmark opioids case last year

(Newser) - A federal judge in Cleveland awarded $650 million in damages Wednesday to two Ohio counties that won a landmark lawsuit against national pharmacy chains CVS, Walgreens, and Walmart, claiming the way they distributed opioids to customers caused severe harm to communities and created a public nuisance. US District Judge Dan...

Markets Drop After Grim News From Walmart
Markets Drop After
Grim News From Walmart

Markets Drop After Grim News From Walmart

Microsoft delivers disappointing results

(Newser) - Stocks closed lower on Wall Street Tuesday after Walmart warned that inflation is negatively impacting American consumers’ spending power. The S&P 500 fell 45.79 points, or 1.2%, to 3,921.05 The Dow Jones Industrial Average fell 228.50 points, or 0.7%, to 31,761.54....

Mike Lindell Rips Into 'Absolutely Disgusting' Walmart

MyPillow CEO isn't happy that retailer has yanked his company's products off store shelves

(Newser) - If you're looking for a new pillow at Walmart, you won't find one particular brand anymore on the shelves. The retailer says it has removed all MyPillow products—which include not only pillows, but also sheets, towels, and mattresses—from its brick-and-mortar stores, though a spokesperson tells the...

Walmart Heir Pays Record Price for an NFL Team

Rob Walton will reportedly pony up $4.65B to buy the Denver Broncos

(Newser) - Up until this week, the most an NFL team has ever sold for is $2.3 billion. That record just got shattered, however, by the news that Walmart heir Rob Walton, one of the world's richest men, has agreed to buy the Denver Broncos for twice that price. A...

Walmart's New Ice Cream Isn't Going Over as Planned

Juneteenth-themed treat has spurred a backlash

(Newser) - Last year's celebration of Juneteenth , its debut as a federal holiday, was marked by parades , concerts, artwork, and more solemn commemorations of the ending of slavery in America. Walmart's contribution ahead of June 19 this year isn't going over quite as well. In fact, TMZ deems the...

Walmart's Supply Chain Plan: Pay Its Truck Drivers $110K

Retailer also will train current employees for the job

(Newser) - Long before the supply chain problems began, Walmart executives thought having their own fleet of trucks was the best way to keep inventory moving to stores. To that end, the retailer is raising salaries for its drivers and investing in a program to turn more of its other employers into...

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