Walmart doubles digital push as U S curbside grows
Walmart forecasts next fiscal year online sales to rise about 40 percent and plans to double U S curbside online grocery pick up to expand. The retailer routes growth through online channels and existing stores while trimming new U S openings to 25 in fiscal 2019.
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Hyundai pushes dealers to modernize car shopping nationwide
Hyundai Motor Co. will require dealers to post fair market pricing and incentives online and offer test drive delivery and online paperwork to curb sagging U.S. sales. The Shopper Assurance plan starts in Miami and expands nationwide next year as buyers rely on Edmunds TrueCar and KBB data.
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Pfizer mulls spin off of consumer health unit
Pfizer considers options for its consumer health care division including a spin off or sale. The unit, maker of ChapStick Advil Centrum Robitussin and Preparation H, generated about 3.4 billion in revenue last year while Pfizer posted 52.8 billion. Advisors include Centerview Guggenheim and Morgan Stanley.
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Walmart-Led Dow Hits Records as Retail Stocks Advance
The Dow rose 69.61 points to 22,830.68 led by Walmart gains and a broad lift in retailers and airlines. S&P 500 up 5.91 to 2,550.64. Nasdaq +7.52. Russell 2000 +4.44 as investors await third quarter results and vote outcomes. Pandemic-era deals and P&G investor dynamics cited amid market moves.
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