Latest News Updates From Jaewon Kang

Government, Business, Private

Walmart Amps Up Discounts to Lure Cost-Conscious Customers

Walmart Inc. is doubling down on discounts, a move to drum up demand and grow market share in the face of macroeconomic uncertainty.

April 24, 2025
Business, Equipment, Private, Top 100

Lowe’s °®¶¹´«Ã½s In on Professional Customers in $1.3 Billion Deal

Lowe’s has agreed to buy an interior services provider for around $1.3 billion, the retailer’s latest effort to expand its footprint with professional contractors amid a soft housing market.

April 15, 2025
Government, Business, Logistics, Private

Walmart to Absorb Tariff Hikes to Keep Prices Low

As tariff-spooked shoppers begin pulling back on spending, Walmart is prepping for a worsening economy by using its massive footprint to keep prices low and hunt for ways to take market share.

April 9, 2025
Business, Private, Top 100

Albertsons Names New CEO Following Failed Deal With Kroger

Both top U.S. grocery operators are moving on from their respective CEOs only months after a proposed deal to combine their operations was blocked by a federal judge.

March 3, 2025
Business, Private, Top 100

Kroger CEO Rodney McMullen Resigns Following Ethics Inquiry

The board of directors said it was made aware on Feb. 21 of “certain personal conduct by McMullen and immediately retained outside independent counsel to conduct an investigation.â€

March 3, 2025
Government, Business, Private, Top 100

Walmart CEO: Food Prices Are Causing ‘Frustration and Pain’

The CEO of Walmart Inc. said American consumers are showing signs of stress as food prices remain stubbornly high.

February 28, 2025
Business, Private, Top 100

Walmart Raises Pay for Market Managers

Walmart Inc. is raising compensation for some managers as the big-box retailer seeks to attract and retain staff.

January 24, 2025
Business, Private

Albertsons Raises Profit Guidance After Dropping Kroger Deal

Albertsons Cos. raised its adjusted earnings outlook for the full year, a positive sign for the grocer seeking to pave a new path after its proposed deal with Kroger Co. fell apart.

January 8, 2025
Business, Private

Costco Profit Beats Estimates on Healthy Consumer Spending

Costco Wholesale Corp. posted quarterly profit that beat expectations, showing the big-box retailer remains unfazed by tighter consumer spending.

December 13, 2024
Business, Logistics, Private

Tally of US Shoppers Slipped During Thanksgiving Weekend

Fewer Americans shopped during Thanksgiving weekend this year, a sign that consumers remain selective about spending.

December 3, 2024