What's happened
Retailers in the US, including Walmart, Dollar Tree, and Subway, are closing stores due to unsustainable business models and challenges such as increased minimum wage. Sam's Club introduces AI-powered scan of shoppers' carts to speed up checkout process.
Why it matters
The closures of stores by major retailers like Walmart and Subway indicate the challenges faced by traditional brick-and-mortar businesses in adapting to changing market dynamics. The introduction of AI-powered technology at Sam's Club reflects efforts to enhance customer experience and streamline operations.
What the papers say
The Independent reports on the closures of stores by major retailers like Walmart and Dollar Tree, while Business Insider UK covers Sam's Club's implementation of AI-powered technology. NY Post discusses Subway's downsizing and challenges faced due to increased minimum wage.
How we got here
The retail industry in the US is undergoing significant changes, with traditional retailers facing challenges from e-commerce and shifting consumer preferences. The closures of stores by Walmart, Dollar Tree, and Subway highlight the need for businesses to adapt to remain competitive.
Common question
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Amazon.com, Inc., is an American multinational technology company based in Seattle, Washington. Amazon focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
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Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas.
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The United States of America, commonly known as the United States or America, is a country mostly located in central North America, between Canada and Mexico.
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Dollar Tree Stores, Inc., formerly known as Only $1.00, is an American chain of discount variety stores that sells items for $1 or less.