Industries, Retail & Wholesale
July 15, 2022
Via: ABC NewsConsumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S. retail […]
Industries, Retail & Wholesale
July 12, 2022
Via: Sky NewsThe British Retail Consortium (BRC) said the value of total sales was 1% lower in June than a year ago. That followed a 1.1% decline in May. Like-for-like sales, which adjusts for changes in floor space, fell 1.3%. However, the […]
Industries, Retail & Wholesale
June 7, 2022
Via: ABC NewsShares of Kohl’s spiked more than 11% Tuesday after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion. The Wisconsin chain said late Monday that it was in a three-week […]
Industries, Retail & Wholesale
May 31, 2022
Via: The Wall Street JournalSupermarkets and distributors are pushing back on higher prices from food makers, as escalating inflation drives more consumers to rethink their spending. Kroger Co. and other grocery chains said they are asking brands to prove why higher prices are necessary […]
Industries, Retail & Wholesale
May 25, 2022
Via: Equities NewsKohl’s Corporation ( Kohl`s Corp. – $43.19 1.57 (0.03624%) ) shares jumped 12% Wednesday after a Reuters report revived investors’ hopes that the company could still be acquired. The report cited people familiar with the matter as saying that multiple […]
Industries, Retail & Wholesale
May 18, 2022
Via: ABC NewsTarget took a big hit from higher costs during the first quarter despite brisk sales and shares appeared headed for their most severe sell-off since the Black Monday market crash of 1987. Profits for major retailers has come under pressure […]
Industries, Retail & Wholesale
May 6, 2022
Via: Investing.comUnder Armour Inc forecast full-year profit below estimates on Friday, as the sportswear maker grapples with higher transportation costs and a hit to its business from renewed COVID-19 curbs in China. Shares of Under Armour (NYSE:UA) tumbled over 21% in […]
Industries, Retail & Wholesale
April 29, 2022
Via: The Wall Street JournalConsumers spent more in March, showing American households are absorbing high inflation and are positioned to propel the economy heading into the spring and summer. Personal-consumption expenditures increased a seasonally adjusted 1.1% in March from the prior month, the Commerce […]
Industries, Retail & Wholesale
April 28, 2022
Via: Sky NewsThe company’s first quarter results included its first quarterly loss since 2015 though the $3.8bn sum was blamed on a $7.6bn writedown in the value of its investment in electric vehicle start-up Rivian. However, the red ink was overshadowed by […]
Industries, Retail & Wholesale
February 23, 2022
Via: ABC NewsLowe’s Cos., the nation’s second-largest home improvement chain behind Home Depot, offered an upbeat annual outlook after reporting strong fiscal fourth-quarter results that showed a still sizzling housing market. The report, released Wednesday, follows a robust quarterly report from Home […]
Industries, Retail & Wholesale
February 11, 2022
Via: Seeking AlphaFrom the pandemic-low share prices in March of 2020, Best Buy (BBY) has made immense highs (over $140) and more recently fallen to under $100 per share. While this recent bearish behavior in price action comes largely from slowing growth […]
Industries, Retail & Wholesale
February 7, 2022
Via: Markets InsiderYour famous Super Bowl guacamole may cost you more this season, as avocado prices hit a record high. A 20-pound box of Hass avocados from Mexico’s largest exporter to the US costs $6.29 more than it did during the same […]
Industries, Retail & Wholesale
January 26, 2022
Via: Markets InsiderAccording to 10 analyst offering 12-month price targets in the last 3 months, Ulta Beauty has an average price target of $458.2 with a high of $516.00 and a low of $365.00. Below is a summary of how these 10 […]
Industries, Retail & Wholesale
January 13, 2022
Via: ABC NewsPrices at the wholesale level surged by a record 9.7% for all of 2021, setting an annual record and providing further evidence that inflation is still present at all levels of the U.S. economy. The Labor Department reported Thursday that […]
Industries, Retail & Wholesale
January 5, 2022
Via: NBC NewsWalmart and Kroger raised the price of Abbott’s at-home Covid-19 test kit after an agreement with the White House to sell the tests at a reduced price expired, the companies said Tuesday. The BinaxNOW kit, one of the first at-home […]
Industries, Retail & Wholesale
December 2, 2021
Via: ABC NewsEven Christmas trees aren’t immune to the pandemic-induced shortages and inflation plaguing the economy. Extreme weather and supply chain disruptions have reduced supplies of both real and artificial trees this season. American shoppers should expect to have fewer choices and […]
Industries, Retail & Wholesale
November 29, 2021
Via: ABC NewsConsumers are expected to spend between $10.2 billion and $11.3 billion on Monday, making it once again the biggest online shopping day of the year, according to Adobe Digital Economy Index. Still, spending on what’s known as Cyber Monday could […]
Industries, Retail & Wholesale
November 18, 2021
Via: ABC NewsDepartment store chains Macy’s and Kohl’s delivered strong results for the fiscal third quarter as shoppers go back to buying dresses and other goods that fell to the bottom of the shopping list when the pandemic struck. Macy’s and Kohl’s […]
Industries, News, Retail & Wholesale
November 17, 2021
Via: TechRadarUK shoppers will soon no longer be able to use their Visa-issued credit cards to pay for purchases on Amazon. The ecommerce giant has said it will stop accepting Visa credit cards within the next few months as it looks […]
Industries, Retail & Wholesale
November 16, 2021
Via: ABC NewsAmericans sharply boosted their spending last month, pushing up retail sales and giving the economy a lift. Much of the gain reflected the fact that shoppers are also paying higher prices. Retail sales rose a seasonally adjusted 1.7% in October […]