Walmart was previously reported to have been planning to make “hundreds” of layoffs
 
Supermarket News Daily

MAY 24, 2024

Walmart to lay off 568 workers in California

Walmart was previously reported to have been planning to make “hundreds” of layoffs, but the exact number and location of the cuts had not been disclosed.

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BJ’s Wholesale Club does well in Q1

Numbers beat estimates as more stores continue to open.

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Walmart’s Bettergoods is targeting higher-income grocery shoppers – here’s why

The retail giant is attempting to draw in a new customer base with its new better-for-you line.

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PCC posts $10M loss in 2023, asks members to spend more

Closure of downtown Seattle store, unit sales declines impact results.

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UNFI launches retail media network

The UNFI Media Network will be available to the distributor’s network of 30,000 retail customer locations and 11,000 brand partners.

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Sprouts board authorizes $600M stock buyback

Action follows strong Q1 gains and comes amid surge in share repurchases overall.

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SN Products to Watch: My Mochi Sorbet

It’s a new line just in time for summer.

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Now is the time to examine retail seafood programs

Grocers should be able to substantially increase their share of food service seafood… if they can adjust to the realities of the current market.

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The Retail Daily podcast

QuikTrip is entering the Florida market, Walmart is more specific with recent layoff announcement, and more.

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Digital has Target’s future looking bright

Category registered growth year over year during the first quarter of 2024.

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The results are in...

Due to its size, Walmart  must find ways to bring in an additional $26 billion this year to reach its target of 4% year-over-year growth, according to the Wall Street Journal. 


So we asked:

Will Walmart bring in $26 billion extra in revenue this year?


And you answered: 

Maybe? But they will need to hustle (35%)

Yes, it’s Walmart (34%)

No, they are in trouble (29%)

Other, tell us in the comments (1%)


And you also said: 

Felice Kaufman, food blogger

Walmart’s customers are feeling this inflation the most. If Walmart started slashing its margins a bit and lowering its prices across the board, it would be great PR and others might follow suit. They’d grab many new customers who don’t normally shop there, and the sheer volume of new sales might make a significant difference. I think POTUS was called in last week to see what can be done to lower retail prices. I’m sure he’ll figure out something clever if he can find the boardroom.

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Have another thought? Weigh in on our LinkedIn poll here, or email the SN team at contactus@ supermarketnews.com, and make sure to include your first and last name and job title. Have a great weekend.

WHAT DO YOU THINK?