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Walmart Eliminates Hundreds Of Jobs Throughout U.S. Division

Retail TouchPoints

Social media posts, and the fact that five EVP-level executives and the SVP who runs Walmart’s Health & Wellness clinics all made announcements, suggest that personnel at all levels and locations are being affected. Discount Stores were cut from four to three. The bulk of the winnowing was done at the regional level.

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How Rising Prices Shape Consumer Behavior

Retail Focus

Customers lose brand loyalty as they choose retail brands or discount options. Retail data proves coupon use spikes during high inflation, and discount stores see more traffic. The Role of E-Commerce in Inflationary Periods During times of inflation, online retailers have an advantage over physical stores.

Consumer 130
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Category Insights Report: Dollar Stores Redefine Themselves with Enhanced Merchandising and Mobile Apps

Retail TouchPoints

Additionally, high interest rates are a reality for the “foreseeable future,” which has “fundamentally changed the disposable income available to individuals,” according to Mohit Mohal, a Managing Director with Alvarez & Marsal’s Consumer and Retail Group. That has ultimately had a trickle-down effect on the category.”

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Ethical Commerce: How to Overcome 3 Top CSR Hurdles (With Examples)

Retail TouchPoints

Across all organization sizes and market locations in our survey, cost placed highest ( 53% ) on the list of challenges. This category includes discount stores, mass merchants (“big box stores”) and businesses focused on specialty hardlines. This category includes department stores, specialty and softline brands.

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The Reject Shop sales increase, consumers favour low-priced consumables

Inside Retail

Acting chief, Clinton Cahn, said the business is currently focused on improving its merchandise offering, expanding its national store network, and managing gross profit margin and the cost of doing business while investing in strategic projects to enable efficiencies in the short term.

Consumer 246
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Why the Kmart-Target back end merger has been a decade in the making

Inside Retail

The business briefly considered rebranding all its Kmart locations to Target stores due to the retailer’s long-standing heritage. But while Target initially seemed to be in a strong position, there was a lack of stability and understanding of what made the business tick within its management ranks.

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Poundland steps up drive to revamp stores and widen ranges

Retail Focus

Over 350 stores have already had Project Diamond makeovers in the last three years, bringing chilled and frozen food and more PEP&CO clothing and home departments to those locations. Poundland plans to unveil its ambitious store opening plans for 2023 early in the near year.