Cheddar Morning Business Update 10/11: Walmart plans 40% increase in web sales over fiscal year

Posted: Updated:
  • Walmart plans to increase its online sales by 40 percent over the fiscal year. The retailer held its annual Investor Day and says it's creating a new website and plans to increase online sales in just the next two years. Walmart is also doubling the number of grocery pick up locations in the US.
  • The Wall Street Journal reports Time will cut the circulation on some of its most popular titles, including Time magazine. It will also publish some other magazines less often like Sports Illustrated, Entertainment Weekly and Fortune. 
  • McDonald's 1998 Szechuan Sauce could be making a more permanent comeback. The chain quickly ran out of supplies when it brought back the sauce for a one day promotion. Many fans of the Sauce and the show Rick and Morty, whose main character loves it,  took to social media to express their disappointment. McDonald's promised to "make things right" with a larger rollout this winter.
  • BusinessMore>>

  • EU says trade differences remain despite G-20 talks

    EU says trade differences remain despite G-20 talks

    Sunday, July 22 2018 12:54 PM EDT2018-07-22 16:54:30 GMT
    Sunday, July 22 2018 2:19 PM EDT2018-07-22 18:19:59 GMT
    (AP Photo/Gustavo Garello). International Monetary Fund Director Christine Lagarde reaches out to embrace Jerome Powell, chairman of the Federal Reserve, as they gather for a group picture at the G20 Meeting of Finance Ministers in Buenos Aires, Argent...(AP Photo/Gustavo Garello). International Monetary Fund Director Christine Lagarde reaches out to embrace Jerome Powell, chairman of the Federal Reserve, as they gather for a group picture at the G20 Meeting of Finance Ministers in Buenos Aires, Argent...
    The European Financial Affairs Commissioner says that differences of position on trade remain despite talks between G-20 officials meeting in Argentina's capital.
    The European Financial Affairs Commissioner says that differences of position on trade remain despite talks between G-20 officials meeting in Argentina's capital.
  • Ailing auto CEO Marchionne had multiple roles, no script

    Ailing auto CEO Marchionne had multiple roles, no script

    Sunday, July 22 2018 8:59 AM EDT2018-07-22 12:59:18 GMT
    Sunday, July 22 2018 2:10 PM EDT2018-07-22 18:10:14 GMT
    (AP Photo/Luca Bruno, file). FILE - In this Friday, June 1, 2018 file photo, Fiat Chrysler CEO Sergio Marchionne speaks during a press conference at the FCA headquarter, in Balocco, Italy. The boards of Fiat Chrysler, Ferrari and CNH Industrial have be...(AP Photo/Luca Bruno, file). FILE - In this Friday, June 1, 2018 file photo, Fiat Chrysler CEO Sergio Marchionne speaks during a press conference at the FCA headquarter, in Balocco, Italy. The boards of Fiat Chrysler, Ferrari and CNH Industrial have be...
    Fiat Chrysler Automobiles chairman has written a letter to the carmaker's employees to inform them that long-time CEO Sergio Marchionne's condition has worsened, preventing him from returning to the company he...
    Fiat Chrysler Automobiles chairman has written a letter to the carmaker's employees to inform them that long-time CEO Sergio Marchionne's condition has worsened, preventing him from returning to the company he created through a merger.
  • 'Equalizer 2' squeaks past 'Mamma Mia 2' and takes top spot

    'Equalizer 2' squeaks past 'Mamma Mia 2' and takes top spot

    Sunday, July 22 2018 12:24 PM EDT2018-07-22 16:24:27 GMT
    Sunday, July 22 2018 2:10 PM EDT2018-07-22 18:10:01 GMT
    (Glen Wilson/Sony, Columbia Pictures via AP). This image released by Columbia Pictures shows Denzel Washington in a scene from "Equalizer 2."(Glen Wilson/Sony, Columbia Pictures via AP). This image released by Columbia Pictures shows Denzel Washington in a scene from "Equalizer 2."
    In the battle of two very different sequels at the box office this weekend, Denzel Washington's action pic "The Equalizer 2" has narrowly won out over the ABBA jukebox musical "Mamma Mia".
    In the battle of two very different sequels at the box office this weekend, Denzel Washington's action pic "The Equalizer 2" has narrowly won out over the ABBA jukebox musical "Mamma Mia".
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."