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.
Amber McMillan, vice president of weight loss and digital fitness at Life Time, joins Cheddar News to discuss how post-pandemic gym visits can improve mental wellness.
The biggest shopping day of the year is approaching - Black Friday - and the following week is known as Cyber Week, the biggest time of the year for online shopping. But for many companies and consumers, the holiday shopping season is already underway. Retailers have been getting creative in their attempts to lure customers amid ongoing supply chain issues, inflation, and the pandemic that could impact sales. Lionesque Group CEO and founder Melissa Gonzalez joins Cheddar News' Closing Bell to discuss.
You.com launched its beta product just two weeks ago, but is looking to challenge one of the largest companies in the world in Google. Richard Socher, Founder and CEO of You.com, joins Cheddar News' Closing Bell, where he discusses the issues that he sees with Google that he says his company can exploit.
The Bayou State has been through some tough times with massive storms on top of the COVID-19 pandemic, but the state is looking to rebuild by leaning into its reputation as a tourist destination. Lt. Governor Billy Nungesser joined Cheddar to talk about Louisiana's work to reacquaint travelers with its renowned food, music, culture, Mardi Gras — and its Celebration Gator float at the Macy's Thanksgiving Day Parade. "Well they won't let us throw throws so we'll be going along the route handing out beads, stuffed alligators, telling people to book a trip to Louisiana," he said of the event.
Bryan Palma, senior manager of industry and solutions marketing at Kinaxis, joined Cheddar News to preview what this year's Black Friday will look like for retailers and consumers amid supply chain constraints and inflation.
Major retailers The Gap and Nordstrom reported third quarter earnings on Tuesday, both falling short of expectations. Ahead of Black Friday, Ethan Chernofsky, CMO of marketing at Placer.AI, discusses why these are just two of the many retailers hoping to make up for 2020 losses.
