Linda Lacina, managing editor of Entrepreneur, breaks down Wal-Mart's shocking decision to raise wages and close 63 Sam's Club locations on the same day.
Lacina says she would've spaced out the announcements, going public with the wage raises first and then waiting to close the Sam's Club locations. Wal-Mart's decision to turn some Sam's Clubs into e-commerce centers is an effort to compete with online retailers, that can deliver almost any item to anyone, anywhere in the country.
Lacina says after years of negative public perception, Wal-Mart had turned its image around. It will now have to rebound from Thursday's developments.
LSEG Consumer Research Director Jharonne Martis breaks down retail earnings, the K-shaped consumer and what inflation and rising costs mean for spending.
Serve Robotics CEO Ali Kashani discusses expanding beyond Uber, adding new delivery partners and scaling autonomous robots as delivery moves into the mainstream
Citrotech CEO Wes Bolsen discusses how innovative building materials could prevent fires, slow their spread and reshape the future of fire-safe construction.
Complex President Moksha Fitzgibbons explains how the brand is blending media, AI, e-commerce, sports & live experiences to build a new kind of culture business
