Store

White House praises Walmart for raising wages due to the tax bill, despite the company laying off thousands of workers on the same day

6 monthes ago   |   By

David McNew/Getty Images
Trump officials praised Walmart for their announcement on Thursday that the retail giant is planning to increasing wages and give long-time employees bonuses in part due to the Republican tax law.
Walmart also closed 63 Sam's Club stores on Thursday, likely leading to significant layoffs at those stores.
Trump administration officials on Thursday praised Walmart for increasing wages and delivering bonuses to employees, even as the company laid off thousands of other workers and closing stores on the same day.
Walmart announced early in the day that it would...
Read more ...

 

Sam's Club's CEO revealed mass stores closures in this company-wide email to employees

Sam's Club's CEO revealed mass stores closures in this company-wide email to employees

6 monthes ago   |   By

AP
Sam's Club CEO John Furner notified employees of mass store closures in a company-wide email on Thursday.
"After a thorough review, it became clear we had built clubs in some locations that impacted other clubs, and where population had not grown as anticipated," Furner said in the email.
Walmart is closing 63 Sam's Club stores and laying off thousands of employees.
The company abruptly shut down some of the affected stores on Thursday. The rest will close within the next couple weeks.
Sam's Club CEO John Furner notified employees of the closures in a company-wide email sent...
Read more ...

 

Walmart is abruptly closing Sam's Club stores and laying off thousands of workers, and no one knows why

Walmart is abruptly closing Sam's Club stores and laying off thousands of workers, and no one knows why

6 monthes ago   |   By

AP
Walmart is abruptly closing Sam's Club locations across the US. Some stores were closed on Thursday. Others will close at a later date.
Employees were not informed of the closures ahead of the time, according to reports.
The company did not immediately respond to requests for comment on the closures.
Walmart is suddenly closing several Sam's Club stores across the US.
Closures were reported by local media in Texas, New York, New Jersey, Indiana, Arizona, Alaska, and elsewhere.
In some cases, employees were not informed of the closures prior to showing up to work on Thursday.
Instead...
Read more ...

 


Search by Tags

   Store      Inspiration      Steven Mnuchin      Sam's Club      Walmart      Wal-Mart      Sarah Sanders      Tax Reform      Tax bill      Tax Cuts and Jobs Act      Shopping      Retail      Store closures      Texas      New York  


Boeing, Goshawk Aviation Announce Order for 20 737 MAXs

Boeing, Goshawk Aviation Announce Order for 20 737 MAXs

Boeing and Goshawk Aviation Limited. announced an order for 20 737 MAX airplanes at the 2018 Farnborough International Airshow. The order, valued at $2.3 billion according to... Read more ...

Boeing, Qatar Airways Finalize Order for Five 777 Freighters

Boeing, Qatar Airways Finalize Order for Five 777 Freighters

Boeing and Qatar Airways finalized an order for five 777 Freighters at the 2018 Farnborough International Airshow. The deal, valued at $1.7 billion at current list prices, was... Read more ...

Amazon is going to partner with HTC and sell Viveport VR apps

Amazon is going to partner with HTC and sell Viveport VR apps

This story was delivered to Business Insider Intelligence Apps and Platforms Briefing subscribers hours before appearing on Business Insider. To be the first to know, Read more ...

Netflix released the first image of the new Queen Elizabeth II on 'The Crown'

Netflix released the first image of the new Queen Elizabeth II on 'The Crown'

Netflix Netflix revealed the first image from the third season of its original series, "The Crown." The third season stars a brand new cast, with Olivia Colman as Queen... Read more ...

Undisclosed lessor commits to 80 A320neo Family aircraft

Undisclosed lessor commits to 80 A320neo Family aircraft

Airbus has announced the signature of a Memorandum of Understanding with a leading global lessor for 80 A320neo Family aircraft. The agreement was completed during the... Read more ...

All but one of Amazon's Echo smart speakers are under $100 for the next 2...

All but one of Amazon's Echo smart speakers are under $100 for the next 2 days - get one before they sell out

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Amazon / BI... Read more ...

Amazon's Prime Day Device Deals Started Early, and They're Unprecedented

Amazon's Prime Day Device Deals Started Early, and They're Unprecedented

Prime Day officially kicks off at 3PM ET today, but A mazon went ahead and put their own devices on sale early to kick off the festivities. Read more ...

Prince William and Prince Charles 'refused to meet Trump' during UK visit

Prince William and Prince Charles 'refused to meet Trump' during UK visit

Getty Images Prince Charles and Prince William reportedly "snubbed" Donald Trump during his UK visit. An insider told the Sunday Times that the royals refused to meet the US... Read more ...

Trump blames everyone except Putin for bad US-Russian ties before Helsinki...

Trump blames everyone except Putin for bad US-Russian ties before Helsinki summit - and it's a huge mistake

Mikhail Klimentyev/AP President Donald Trump blamed stupid policy from the Obama administration for souring US-Russian relations. Trump also preemptively blasted the media as... Read more ...

U.S. visitors spent $3 millions to go to World Cup finals in Russia

U.S. visitors spent $3 millions to go to World Cup finals in Russia

A million soccer fans from United Sates came to Russia for the 2018 FIFA World Cup Russia Finals, where France won against Croatia on Sunday. And though the U.S. team isn't... Read more ...