Walmart is closing four stores in Chicago, cutting its footprint in half in the third-largest U.S. city after years of mounting losses. The closings mark a retreat for the nation's largest retailer, which faces tough competition in Chicago from the likes of Target, Albertsons, and Aldi. Walmart said it had tried and failed to improve its performance by building smaller stores, localizing its merchandise offerings, and investing $70 million in recent years on store upgrades.
Sarah E. Needleman, reporter at The Wall Street Journal joins Cheddar News to discuss the recent AWS outage and if the internet is too dependent on Amazon.
Italy's antitrust regulators have fined Amazon $1.28 billion for pushing sellers on the platform to use its own logistic services over third parties. The e-commerce giant said it plans to appeal the decision.
Dr. Susan Garfield, Chief Public Health Officer of EY Americas, joins Cheddar News to discuss companies' adjustments and mindsets as the Omicron variant spreads, and what companies must do to address health inequities.
A packed Thursday pod: Carlo and Baker cover the latest developments in the Ghislaine Maxwell, Jussie Smollett and Elizabeth Holmes trials. Plus, Dems are losing the Hispanic vote, Boris Johnson in trouble again, and is it possible that Adele has peaked?
