Walmart

Asda Reports Slow Sales In First Quarter

Asda has reported that its underlying sales rose 1.4% in the first quarter, marking a slowdown from a growth of 2.2% in the previous quarter.

Asda UK Refinances Over £3.2b Of Debt

The UK’s third largest supermarket group Asda has refinanced over £3.2 billion of debt, pushing most of its maturities into the next decade.

Asda Reports A 24% Increase In Underlying Profit 2024

Asda reported a 24% rise in annual earnings that reflect a 7.1% rise in total sales from 2023, and added that it had cut its debt.

US Retailers Stuck With Excess Stock Offer Bargains As Holiday Season Nears

As the holiday shopping season approaches, major US retailers from Dollar General to Walmart and Macy's could be saddled with too much...

Sustainable Cotton Group Boosts Tracking For Top Retailers

Swiss-based sustainability group Better Cotton recently said that it has added new functions to a platform that big retailers use to trace materials throug...

Walmart Changes Starting Pay Structure For Entry-Level Store Workers

Walmart is changing the hourly starting wage structure for entry-level store workers, as companies seek to reduce costs in a slowing job market.

Gloomy US Retail Outlook Dulls Hopes Of Strong Holiday Season Spending

Latest results and forecasts from retailers ranging from Macy's to Foot Locker are showing fresh signs of US consumer spending remaining under stress headi...