Aldi announced Tuesday that it will open 70 new stores this year. She also said that she recently beat the 2,000 store marker. The private supermarket is on its way to becoming the third largest supermarket chain behind Kroger (KR) and Walmart (WMT) in terms of store counts, with 2,500 …
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The company has identified 500 stores for closings and said it is cutting 20% of its corporate positions in hopes of strengthening its “financial position and allowing it to compete more effectively in the challenging retail environment,” according to a statement. The company has around 1,500 stores in the United …
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Shares of International Business Machines Corp. rose on Tuesday after the company beat expectations for the June quarter, but analysts did not give the company too much credit for clearing a low level. Mused Moffett, Nathanson analyst, Lisa Ellis: “We are still working to achieve the correct semantics: when companies …
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The move comes at a time when retailers are rethinking their plans for the holiday shopping season as coronavirus cases increase, raising concern about the store crowds. Walmart has kept its stores open over the holidays since the late 1980s. Meanwhile, Walmart’s Sam’s Club chain has historically closed that day, …
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The flags of China and the USA are seen near the TikTok logo in this illustrated image taken on July 16, 2020. Florence Lo | Reuters TikTok announced Tuesday that it plans to hire 10,000 employees in the United States over the next three years, despite a possible ban on …
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