Walmart: latest retail news and insights | ESM Magazine

Kraft Heinz Forecasts 2023 Profit Below Estimates On Higher Costs

Kraft Heinz forecast annual profit below Wall Street estimates on Wednesday, expecting cost inflation to eat into margins even as higher prices boost sales...

Walmart To Close Three US Tech Hubs, Relocate Staff

Walmart plans to close three of its U.S. technology hubs, asking hundreds of workers to relocate to keep their jobs, a company spokesperson told Reuters.

Walmart Pushes Back As Major Product Suppliers Ask For Higher Prices

Walmart is warning major packaged goods makers that it can no longer stomach their price hikes, pitching its own private-label products to shoppers as less...

Unilever's Dominance In India Helps It Raise Prices

Unilever racked up strong sales growth in India last year on the back of sharp prices increases thanks to its dominant market position and pent up demand a...

Walmart To Raise Wages For US Hourly Workers

Walmart Inc will raise the average hourly wage for its US workers next month to more than $17.50.

U.S. FTC Probes Pepsi, Coca-Cola Over Price Discrimination: Reports

Beverage giants Coca-Cola Co and PepsiCo Inc are under preliminary investigation by the U.S. Federal Trade Commission (FTC) over potential price discrimina...

The 10 Richest People In The Grocery Sector

ESM reveals the ten richest individuals in the grocery sector, according to Forbes' World's Billionaires List.

Some Ocean Shipping Rates Collapsing, But Real Price Relief Is Months Away

Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spri...