KHD Buzz – Walmart Plans to Deliver 1 Million Drone Packages in a Year, Target Shares Plummet, and More

Walmart Announces Increased Drone Delivery Plans

Walmart unveiled major plans for increased drone delivery by the end of 2022 last week. Last year, the store began offering consumer drone delivery to homes in Arizona. It has now announced that it will expand its DroneUp delivery network to six states before the end of the year. In Arizona, Arkansas, Florida, Texas, Utah, and Virginia, 34 new network sites have been added. Walmart claims that such an expansion would give it the “potential” to reach 4 million U.S. households and the ability to deliver over 1 million packages each year by drone. Read More

Target Shares Drop 25% in Days Based on Poor Quarterly Report

Target’s stock plummeted last week after the retailer reported lower-than-expected quarterly profits due to supply chain issues, increased gasoline costs, and lower-than-expected discretionary product sales. Read More

Dollar Store Chains Increase Earnings Predictions

Dollar Tree and Dollar General have raised their year-end forecasts, as inflation hit shoppers seek lower prices. People are buying a different mix of goods than they were a year ago, when they had stimulus cash in their pockets and value is much higher on their minds in 2022, according to the corporations. Read More

eBay Enters the NFT Business

eBay is getting into NFTs, and hockey star Wayne Gretzky is at the heart of the first collection. In collaboration with Web3 platform OneOf, the firm is releasing 13 limited-edition digital collectibles, each of which features a 3-D animated recreation of Gretzky performing one of his hallmark maneuvers on the ice. Read More