The company reported that it had finished the first quarter with a 32% increase in inventory because of inflation and supply-chain issues, and it has been dealing with the consequences.
And in another internal memo sent as Walmart made its announcement, the company instructed store managers to "immediately" slash prices on summer items. But analysts and store managers alike think it may be too little, too late.
Two years into the pandemic, much of corporate America has given employees two choices: drag yourself back to your cubicle, or quit. Plenty have chosen the former. And in the Great Resignation, many others have opted for the latter.
But some have carved out a third way: refuse to comply with back-to-work orders and hope to get away with it.
In 2013, James Howells threw out a hard drive about the size of an iPhone 6 that he said contained 8,000 bitcoins — currently worth about $181 million, even after the recent crypto crash.
Now the 36-year-old is hoping to stage an $11 million treasure hunt — complete with robot dogs, human sorters, and an artificial-intelligence-powered machine — to get the hard drive back.
A trusted advisor to billionaires, a political power broker, and a media schmoozer, Brad Karp leads a whirlwind life at the top of one of the most powerful American law firms. He's won dozens of clients, including Citibank, the NFL, and Apollo — and taken heat for representing Leon Black.
The prospect of a Paul Weiss without Karp is like the Chicago Bulls without Michael Jordan. But in an interview, he told us the job's taking a toll on his psyche.
Jakob Kamil Guziak lives in a bubble created by his parents. He was born with an illness that's been dubbed "bubble boy" disease — and for Jakob and his family, it's like living in the kind of isolated, fearful lockdown that defined the early days of COVID-19.
A cure for Jakob's disease exists. But his family can't access it — not because they can't afford it, but because drug companies that controlled the cure didn't think they could profit from it.
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Donald Trump-themed burger restaurant in Texas becomes an unlikely tourist attraction and a hit with locals, report says
The maker of the Choco Taco say it's 'discussing next steps' after being surprised by just how upset fans are over news the treat is being discontinued
An Ohio man quit his job as a teacher after six years to work at a Walmart because it pays $12,000 more per year