Walmart President and CEO to Retire in January After 12 Years
Longtime Walmart president and CEO Doug McMillon will step down from his roles on January 31, 2026, company officials announced Friday.

Longtime Walmart president and CEO Doug McMillon will step down from his roles on January 31, 2026, company officials announced Friday.

Walmart CEO Doug McMillon argues that AI will impact “literally every job,” explaining that his company plans to keep its global head count roughly flat while AI changes job composition, training needs, and day‑to‑day tasks across its massive operations.

Marcus Lemonis, the CEO of Bed, Bath & Beyond, announced on X on Wednesday that his company would no longer open stores in California because the state made it “nearly impossible” for business to succeed.

A woman was left “fuming” after being erroneously accused of stealing toilet paper and ejected from two Home Bargains stores in Greater Manchester, UK, due to an apparent mix-up with a facial recognition system designed to prevent shoplifting.

President Donald Trump will meet with major retailers on Monday after the National Retail Federation (NRF) announced it does not back the president’s reciprocal tariff policies.

Big retail has announced its displeasure with President Donald Trump’s America First policy of reciprocal tariffs.

The Container Store has filed for bankruptcy as the latest of several major retail chains to make that decision, following similar announcements from Party City, Big Lots, True Value, and Rite Aid.

Walmart is reportedly giving some of its workers body cameras to wear as a way to increase their safety.

Struggling video game retailer and notorious meme stock GameStop has revealed its intention to close a significant number of stores across the United States after shutting down 300 locations in the previous year. One analyst noted, “GameStop has virtually no chance

Major hardware supplier True Value has initiated Chapter 11 bankruptcy procedures and reportedly entered into an agreement to sell all of its operations to a rival chain, Do it Best Corp.

Beach and water apparel brand Salt Life is closing all of its retail locations after it was sold to new owners who moved to liquidate it.

The doors to the last full-size Kmart store in the United States will close forever on October 20, leaving only a smaller location in Miami.

Badcock Home Furniture & More is going out of business after the chain announced the closure of nearly 400 stores on Tuesday.

Popular discount store Big Lots has alerted financial regulators that the company’s staggering losses over the last two years have raised “substantial doubt about the company’s ability to continue.”

Dollar General is taking drastic steps to end the retail theft that has been plaguing its stores across the nation.

The parent company of major retailer T.J. Maxx is giving its workers body cameras to try to stop shoplifting incidents, which are plaguing businesses across the nation.

Washington, DC, Mayor Muriel Bowser (D) is heading to Las Vegas for an “economic mission” after enjoying the Masters golf tournament in Georgia on the taxpayer’s dime.

A 32-year-old police officer in Gurnee, Illinois, is accused of stealing items from a local Walmart on Sunday afternoon.

United States fashion retailer Express Inc. has filed for Chapter 11 bankruptcy protection as it plans to shutter more than 95 stores.

Approximately 1,000 Family Dollar and Dollar Tree stores are scheduled to be closed after “botched” business decisions and a “surprise fourth-quarter loss,” with the company’s shares taking a tumble.

The oldest toy store in San Francisco, which inspired the movie “Toy Story,” is shutting down for good due to rampant crime and other issues.

The LEGO store in the San Francisco Centre mall has officially closed, right in the middle of the Christmas retail season, joining a retail exodus from the city that is driven by crime, homelessness, drugs, and the nation’s slowest post-pandemic recovery.

Local bank branches are closing across San Francisco, as the city’s economic decline continues amid crime, homelessness, and a drug epidemic.

Another retailer is fleeing Union Square in downtown San Francisco — this time, a century-old haberdashery known for its hats.

Christmas Tree Shops is reportedly preparing to shut down all of its 82 locations after initially planning to close just ten.

Williams-Sonoma, a retailer specializing in kitchen and home furnishings, confirmed Friday that it will leave its downtown San Francisco location next year, becoming the latest big retailer to leave the Union Square area.

Nordstrom will be shuttering its two stores in downtown San Francisco after 35 years due to a change in “the dynamics of the downtown,” the retailer announced Tuesday.

Gap Inc. is eliminating 1,800 corporate jobs, “mainly in San Francisco and New York,” as part of an effort to make the company “more nimble and less bureaucratic,” the Wall Street Journal reported Thursday.

Bed Bath & Beyond said Tuesday it will be shuttering 150 more stores as the beleaguered home goods chain cuts costs as it works to stay afloat.

Small business owners expect sales conditions and the overall economy to deteriorate in the coming year.

The consumer expectations barometer fell again, hitting a six month low, and remains at a low level consistent with a looming recession.

A conservative magazine in Europe has been dumped by a major retailer after a number of progressives declared what has been described as a “retail ‘fatwa'” against the publication over its contents.

Retail and construction openings crashed in June as the Fed raised interest rates at the fastest pace in decades.

The cracks that have started to emerge in the post-pandemic recovery grew a bit more visible in the May jobs report.

Amazon’s grocery store business has cost it billions of dollars over the past 15 years and has yet to really cement its foothold in the retail space. Analysts are now referring to the business as Amazon’s most “expensive hobby.”

Apple Store employees around the United States are reportedly attempting to unionize as hourly workers grow frustrated with wages and working conditions. According to the Washington Post, Apple employees are using Android smartphones to discuss unionization to avoid potential snooping efforts by their employer.

Tech giant Amazon is reportedly bringing its cashierless convenience stores to the suburbs. Areas outside of major American cities can soon expect to see “Amazon Go” stores pop up as Amazon continues its assault on the bricks and mortar retail industry.o

E-commerce giant Amazon is reportedly opening its first-ever brick and mortar clothing store called Amazon Style. The first location will open in Los Angeles later this year, although an exact date hasn’t been specified.

An industry group has said that German retail trade over Christmas has been ‘dramatically bad’ due to the country’s COVID Pass rules.

Hackers are reportedly sending “antiwork” manifestos to receipt printers at businesses worldwide, taking over the common transaction record to spread their political propaganda.
