Hayley Peterson

Walmart projected losses of more than $1 billion for its US e-commerce division in 2019, according to a new report.

Sears has laid off 250 employees at its headquarters in Hoffman Estates, Illinois, according to a company filing.

Walmart is launching its holiday sales earlier than ever before and touting its new offer of free, next-day delivery as it prepares for a short shopping season.The company said Wednesday that it would start offering online “Deal Drop” sales at midnight on Friday, which is about a week earlier than Walmart launched its holiday sales last year.“The holidays at Walmart will officially begin this Friday at midnight,” said Steve Bratspies, executive vice president and chief merchandising officer for…

The lawsuit, filed in 2001, claimed that Walmart systematically underpaid and under-promoted women in its thousands of stores across the US.

Francesca’s is the latest retailer to announce it is closing stores, with plans to shutter 140 locations by the end of January.

Videos and photos show overturned shopping carts, empty shelves, smashed windows, and people hauling away televisions and other expensive goods.

Amazon founder Jeff Bezos will step down as CEO on Monday. He said his willingness to face failure and take risks helped propel the e-commerce giant.

Department stores once accounted for 10% of retail sales, and now they account for less than 1%.In their heyday, they were the traffic-driving engines of shopping malls, occupying the giant spaces at mall entrances that helped adjacent smaller chains thrive. But over the years, a combination of factors including over-expansion, shifting spending habits, and the rise of e-commerce drove shoppers away from department stores. As these stores struggled, they took down hundreds of malls with them.Now…

Owning a fast food franchise can be a lucrative business. One top performing Chick-fil-A restaurant reported sales of over $17 million in 2021, more than double the average per unit sales volume for the chain, according to Chick-fil-A’s 2022 franchise disclosure document. Additionally, the average McDonald’s restaurant logs about $4 million in yearly sales. However, opening a franchise requires a hefty amount of cash to cover the startup costs. For example, you must have at least $500,000 in liq…

General Motors and Ford appear to be at odds over the use of Chinese battery technology in electric cars. GM CEO Mary Barra and her team warned members of Congress in June that Ford’s use of the technology could pave the way for China to dominate US car manufacturing, the Wall Street Journal reported. GM’s apparent rebuke of Ford’s strategy came after Ford Motor CEO Jim Farley had earlier told the lawmakers that using the technology would give the US a leg up in its EV battle with China.The batt…