Today's Business Headlines: 10/9/23
Woman accuses Walmart of ‘racism’ after she’s restrained for throwing food at cop, telling him to ‘drag me the f–k out’
Bill Simon, who headed up the discount retailer’s US operations from 2010 to 2014, said that “for the first time in a long time, there’s a reason for the consumer to pause.” Simon — who now works for investment firm KKR and sits on the board of Darden Restaurants and HanesBrands — said Walmart has an advantage over rivals Amazon and Target, though they’re all underperforming in this economy.
Amazon has seen its stock tumble more than 10% over the past month, which could be attributed to a slowdown in sales at Amazon Web Services as businesses scrutinized their cloud bills, as well as softer e-commerce sales as consumers put off discretionary purchases.
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