To prepare for a slowdown of global trade, US retailers spent months building a massive inventory to prevent empty shelves.
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As the trade war rages on, big box stores are fearful of big empty shelves. And they’re letting the White House know it.
The e-commerce king has either leased, bought, or announced the addition of 16 million square feet of warehouse space this year.
The retailer will cut prices on up to 5,000 grocery items to keep pace with lower-cost rivals like Walmart.
The retail giant posted $161 billion in quarterly revenue, marking a 6% increase and beating its earlier sales target.
A handful of retail executives hinted this week that they are eyeing some strategic advantages and opportunities amid the trade war.
In 2023, roughly 42% of e-commerce orders involved a store acting as a fulfillment hub or a place where consumers can pick up or return items.
The retailer is looking to spark its turnaround with its own version of an e-commerce membership.
The company’s online sales topped 16% of total sales in its most recent quarter, its highest level yet.
Setting prices is a contact sport for retailers, and companies have been warning all year that things would get a little rough.