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Added on the 27/12/2017 11:37:38 - Copyright : Wochit
Walmart has been one of the few companies to do well in the pandemic. Digital sales have nearly doubled from a year ago, and same-store sales have increased 9%. But according to Business Insider, even Walmart CEO Doug McMillon knows that with such widespread unemployment, its a streak of luck can't last forever. Business Insider reports McMillon said on CNBC's 'Squawk Box' on Thursday that Congress needs to pass a second stimulus package--and do it quickly. Since passing the $2.2 trillion CARES Act in March, Congress has done nothing meaningful towards passing a second stimulus package. There are Americans...that don't really care about politics, aren't really tied up in this election and they just need some help. Doug McMillon, Walmart CEO Interview, CNBC's 'Squawk Box'
Store owners expect holiday sales will grow more than 3 percent this year even though more people are shopping online. Fred Katayama reports.
Inditex, the world's biggest clothing retailer, beat forecasts with a 6 percent rise in profits. As Kate King reports, sales were strong because fast turnover allowed the owner of fashion chain Zara to react quickly to unseasonable weather.
U.S. retail sales rose more than expected in May as Americans bought cars, clothes, and shopped online. Bobbi Rebell reports.
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