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

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  • 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.
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  • Science Says: What makes something truly addictive

    Science Says: What makes something truly addictive

    Thursday, June 21 2018 2:51 AM EDT2018-06-21 06:51:48 GMT
    Thursday, June 21 2018 6:22 AM EDT2018-06-21 10:22:06 GMT
    (AP Photo/Ahn Young-joon). FILE - In this Wednesday, Dec. 11, 2013 file photo, a college student plays a computer game at an Internet cafe in Seoul, South Korea. On Monday, 18, 2018, the World Health Organization said that compulsively playing video ga...(AP Photo/Ahn Young-joon). FILE - In this Wednesday, Dec. 11, 2013 file photo, a college student plays a computer game at an Internet cafe in Seoul, South Korea. On Monday, 18, 2018, the World Health Organization said that compulsively playing video ga...
    Video game "addiction" decision renews debate over whether behaviors can cause same kind of illness as drugs.
    Video game "addiction" decision renews debate over whether behaviors can cause same kind of illness as drugs.
  • Trudeau: Canada to legalize marijuana on Oct. 17

    Trudeau: Canada to legalize marijuana on Oct. 17

    Wednesday, June 20 2018 8:01 PM EDT2018-06-21 00:01:34 GMT
    Thursday, June 21 2018 5:32 AM EDT2018-06-21 09:32:31 GMT
    (Justin Tang/The Canadian Press via AP). Minister of Justice and Attorney General of Canada Jody Wilson-Raybould speaks during a press conference as Minister of Health Ginette Petitpas Taylor, right, and Parliamentary Secretary to the Minister of Justi...(Justin Tang/The Canadian Press via AP). Minister of Justice and Attorney General of Canada Jody Wilson-Raybould speaks during a press conference as Minister of Health Ginette Petitpas Taylor, right, and Parliamentary Secretary to the Minister of Justi...
    Canadian Prime Minister Justin Trudeau says marijuana will be legal nationwide starting Oct. 17 in a move that should take market share away from organized crime and protect the nation's young people.
    Canadian Prime Minister Justin Trudeau says marijuana will be legal nationwide starting Oct. 17 in a move that should take market share away from organized crime and protect the nation's young people.
  • Legal pot will roll out differently in Canada than in US

    Legal pot will roll out differently in Canada than in US

    Thursday, June 21 2018 2:11 AM EDT2018-06-21 06:11:39 GMT
    Thursday, June 21 2018 6:15 AM EDT2018-06-21 10:15:40 GMT
    (Adrian Wyld/The Canadian Press via AP, File). FILE - In this April 20, 2015 file photo, a Canadian flag with a cannabis leaf flies on Parliament Hill during a 4/20 protest in Ottawa, Ontario. Canada is following the lead of Uruguay in allowing a natio...(Adrian Wyld/The Canadian Press via AP, File). FILE - In this April 20, 2015 file photo, a Canadian flag with a cannabis leaf flies on Parliament Hill during a 4/20 protest in Ottawa, Ontario. Canada is following the lead of Uruguay in allowing a natio...
    With marijuana legalization across Canada on the horizon, the industry is shaping up to look different from the way it does in the nine U.S. states that have legalized adult use of the drug.
    With marijuana legalization across Canada on the horizon, the industry is shaping up to look different from the way it does in the nine U.S. states that have legalized adult use of the drug.
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