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Walmart-owned Sam’s Club raises annual membership fees for the first time in 9 years

A banner hangs outside a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson | Getty Images Walmart-owned Sam’s Club said Wednesday it will raise its annual fee this fall, as warehouse club membership hovers at a record high and bloated shoppers seek deals on bulk merchandise. The fee will increase to …

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Bed Bath & Beyond announces store closures, layoffs and new funding in effort to fix faltering business

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Bed Bath & Beyond is seen on June 29, 2022 in Miami, Florida. Joe Riddell | Getty Images News | Getty Images Bed Bath & Beyond said Wednesday that it has secured more than $500 million in new funding and is closing stores and laying off employees as it seeks to fix its ailing business. …

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Bed Bath & Beyond announces store closures, layoffs and new funding in effort to fix faltering business

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Bed Bath & Beyond announces store closures, layoffs and new funding in effort to fix faltering business Read More »

Best Buy (BBY) Q2 2023 Earnings

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Televisions are on sale at Best Buy in New York City. Andrew Kelly | Reuters Best Buy said Tuesday that sales fell about 13% in the fiscal second quarter, as the retailer felt a pullback from inflation-weary shoppers. The company reaffirmed the full-year guidance. The company had lowered its forecast in late July, saying it …

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5 issues investors want to address

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A pedestrian walks past the Bed Bath and Beyond store on November 4, 2021 in Larkspur, California. Justin Sullivan | Getty Images 1. Possible cash infusion A key part of the announcement will be clarity about how Bed Bath plans to replenish its cash vaults to pay suppliers, take care of other expenses and continue …

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Panera Bread tests AI in driveways

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Panera Bread location in Spring Hill, Florida. Jeff Greenberg | global photo collection | Getty Images Starting Monday, customers who go car-to-car at two Panera Bread locations in upstate New York will have their orders delivered by a computer in a test of the AI technology’s accuracy and ability to reduce service times. The sandwich …

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