Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
A picture is truly worth a thousand words.
Speaking at a media briefing at Walmart's annual shareholders meeting this week in Bentonville, Arkansas, Chief Marketing Officer Tony Rogers highlighted an image that depicts a stark contrast between the top retailers in 1970 compared with last year.
The list on the left includes names like Sears, J.C. Penney and Kmart. An updated version includes Walmart in the No. 1 position, followed by fierce competitors Kroger, Costco and of course Amazon. None of the companies on the left made it to the right, nearly half a century later.
The fear for Walmart now is falling off the current list within a few decades. The company is testing many new initiatives both in stores and online to compete. Rogers said those retailers that are afraid of change are the ones that end up lagging behind.
CNBC visited a Walmart supercenter in Arkansas this week, where the company has been piloting some new technology that could eventually roll out to additional locations. Below are five things Walmart is working on to improve the shopping experience.
Walmart has been testing the Bossa Nova scanner, or its version of a robot, in 50 stores across the U.S. It roams through the aisles roughly three times per day, scanning shelves and finding areas where Walmart needs to stock more inventory. It can also help identify when an item is on the wrong shelf. Walmart says the robot helps save its employees time that can be spent in other areas of a store or helping customers.
In a handful of the backrooms at Walmart's stores today, you will find a conveyor belt mechanism known as the "FAST un-loader." Trucks full of merchandise can roll up directly to the system, where workers move boxes onto the belt to be scanned and sorted automatically based on their priority and specific department (i.e., dry goods, electronics or apparel) in the store. Walmart says the process of moving boxes from a truck and onto shelves used to take eight employees per shift but now only uses four.
Coming soon to your Walmart mobile app: store maps. The company is creating maps unique to each of its more than 4,000 locations to help shoppers better navigate the aisles and find what they need in a pinch. The function will also be tied to shoppers' lists in the app, guiding them to the milk, bread and eggs and other items they're seeking. This could be especially helpful in a Walmart supercenter, which can be more than 180,000 square feet.
Walmart wants to make one of shoppers' least favorite tasks — making a return — less of a hassle. The retailer has rolled out "mobile express lanes" in stores. There, a shopper can initiate the return process within the Walmart app, scan a QR code once they get back to the store, and get their refund on demand. In the "services" section at Walmart stores, the lanes are easy to get to and always staffed.
Walmart could soon become a bigger threat to Best Buy. You might soon notice the entertainment section of your local Walmart store looks a little different. The retailer has been opening up the space, putting a bigger emphasis on laptops and its massive wall of flat-screen TVs. The company is also more focused on bringing in top-selling brands at an affordable price, like Lenovo.