WMT Jul 2024 38.330 put
| Previous Close | 0.0300 |
| Open | 0.0300 |
| Bid | 0.0000 |
| Ask | 0.7100 |
| Strike | 38.33 |
| Expire Date | 2024-07-19 |
| Day's Range | 0.0300 - 0.0300 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 129 |
- Yahoo Finance Video
Dollar stores struggle despite value-conscious consumers
Dollar Tree (DLTR) has disclosed it is exploring a potential sale or spin-off of Family Dollar as the company struggles with weak consumer demand. Forrester Research Retail Analyst Sucharita Kodali joins Wealth! to discuss the state of the consumer as inflationary pressures continue to pose a challenge. "The consumer has been feeling really down about the economy for a long time, pretty much since inflation has been prevalent ... But the irony is that retail spending is at a record high, and consumers for a long time were spending at the level of inflation and then some," Kodali explains. She adds that recent data has shown retail spending cooling, which could indicate that "the consumer is finally probably at their saturation point with respect to spending on some of these discretionary goods in particular." Kodali notes that Walmart (WMT) and warehouse clubs are performing well due to a value-conscious trend among consumers. However, Dollar Tree is falling behind as the dollar channel is "incredibly saturated." She adds that the chain's stores need renovations and maybe even location changes to perform better. The company may not be willing to make these investments, she explains, which is why it is exploring a potential sale. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
ReutersWalmart offers bonus program to about 700,000 hourly US store workers
BENTONVILLE, Arkansas (Reuters) -Walmart will pay bonuses to its U.S. hourly store workers, including those at its pharmacy and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 front-line staff. Both part-time and full-time associates will be eligible for a financial bonus of up to $1,000 a year, the idea for which came from feedback from store workers, Walmart U.S. CEO John Furner said on a call with reporters. The move follows Walmart's announcement in January of a bonus redesign for its U.S. store managers, allowing them to earn an annual bonus that's up to 200% of their salary.
FortuneHow Walmart’s CEO lured white collar workers to small town Arkansas and improved employee relations
Doug McMillon has focused on changing the company’s reputation.
