Macy’s said Tuesday that it will close 125 stores over the next three years, nearly one fifth of its total locations, in another blow to American department stores. Macy’s will look to exit some struggling malls, where foot traffic has slowed. It will also cut roughly 2,000 jobs, or 10% of its corporate staff, and […]
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Walmart is saying sorry for making available a Christmas sweater with an apparent drug reference. The sweater featured an image of Santa Claus behind a table with three white lines that look similar to cocaine lines. Below the image is the phrase “Let it snow.” The Global News, a Canadian news organization, first reported the apology. “These […]
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Walmart said Friday it will stop selling e-cigarettes as the number of deaths tied to vaping grows. The decision from America’s largest retailer may influence other stores and marks a significant blow to the vaping industry. “Given the growing federal, state and local regulatory complexity and uncertainty regarding e-cigarettes, we plan to discontinue the sale […]
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Five retailers have announced this week that they will start asking customers not to openly carry guns into their stores in states where open carry is legal. Walgreens, CVS and Wegmans announced the new policy Thursday afternoon, following announcements from Walmart and Kroger on Wednesday. “We support the efforts of individuals and groups working to prevent gun […]
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Walmart on Tuesday announced it will reduce its gun and ammunition sales, one month after more than 20 people were killed in a mass shooting at a Walmart in El Paso, Texas. Walmart also pressured Congress to enact gun safety measures. The company, America’s largest retailer, said it will stop selling handgun ammunition and ammunition […]
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Toys R Us’ long-awaited comeback is finally official. Its owner, Tru Kids Brands, announced Thursday that Toys R Us is being reborn in the United States with two new stores. The return comes more than a year after the chain collapsed, resulting in the closure of all 700 of its American stores. The new stores will […]
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Walmart is opening up dozens more veterinary clinics in its stores and launching its first online pet pharmacy, hoping to lure more U.S. pet owners who are spending billions of dollars each year on their dogs and cats. The biggest retailer in the world already operates 21 veterinary clinics in its stores across six states, but […]
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Target will raise its minimum wage to $13 an hour in June, from $12 currently, increasing its payroll costs and putting new pressure on rival Walmart to attract retail workers in a tight labor market. Minneapolis-based Target employs over 300,000 workers and runs 1,845 stores in the United States. It is investing billions of dollars […]