Why so many retail stores are still closing [Yahoo! Finance]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: Yahoo! Finance
It's been going on for years, but the picture today is actually quite complicated. Don't miss the move: Subscribe to TheStreet's free daily newsletter This year, 13 major companies have said they will shut down more than 2,000 stores around the country. That's on top of 4,548 in 2023, 3,818 in 2022, 5,228 in 2021 and nearly 9,700 in 2020. And there are more beyond that: small companies with just a few stores or maybe just a neighborhood mom-and-pop operation. Related: Target slashes prices ahead of holiday shopping surge The forces driving these closures fit into one or more buckets, including: The Covid-19 pandemic. It's the public-health-infused socioeconomic crisis that keeps on giving. Retailers were body-slammed in 2020 into 2021 by the Covid-generated slump. But the pandemic is also responsible for many continuing closures. Inflation. Yes, inflation has been a problem. Freight rates jumped as Covid-19 eased and life resumed. Rising fuel and energy costs cut into p
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News
- Pechin is set to close after nearly 8 decades [CBS News]CBS News
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- Walmart Inc. (WMT): Among The 10 Best S&P 500 Stocks to Buy According to Hedge Funds [Yahoo! Finance]Yahoo! Finance
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- This 8% Dividend Is The Perfect Buy As Markets Turn Choppy [Forbes]Forbes
WMT
Earnings
- 8/15/24 - Beat
WMT
Sec Filings
- 10/25/24 - Form 4
- 10/25/24 - Form 4
- 10/23/24 - Form 4
- WMT's page on the SEC website