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Category: Retail & Wholesale


Industries, Retail & Wholesale

GameStop shares jump after CEO steps down, ‘Roaring Kitty’ raises stake

April 19, 2021

Via: CNBC

GameStop rallied on Monday after the brick-and-mortar video game retailer announced its succession plan as it seeks to pivot to e-commerce following a historic Reddit-fueled short squeeze earlier this year. Shares of GameStop jumped more than 8% to around $167 […]


Industries, Retail & Wholesale

Victoria’s Secret-owner L Brands shares jump on raised profit outlook, thanks to stimulus boost

March 26, 2021

Via: CNBC

Victoria’s Secret-owner L Brands on Friday raised its profit outlook for the first quarter, citing a boost from government stimulus and from loosened Covid-related restrictions. Its stock jumped more than 5% in premarket trading. The company now expects an adjusted […]


Industries, Retail & Wholesale

2022 is expected to be the first trillion-dollar year for e-commerce, largely thanks to the COVID-19 pandemic

March 15, 2021

Via: Markets Insider

E-commerce will have its first trillion-dollar year of sales in 2022 as people continue to shift their spending habits online amid the COVID-19 pandemic, new data from Adobe projects. The pandemic gave e-commerce sales an “extra boost” as consumers moved […]


Industries, Retail & Wholesale

GameStop shares jump after retailer taps Chewy co-founder Ryan Cohen to lead e-commerce shift

March 8, 2021

Via: CNBC

Shares of GameStop jumped more than 35% after the company announced Monday that it has tapped Chewy co-founder Ryan Cohen to lead its shift to e-commerce. Cohen is serving as chairman of a special committee formed by GameStop’s board to […]


Industries, Manufacturing, Retail & Wholesale

Walmart says it will support U.S. manufacturers with $350 billion of added business

March 3, 2021

Via: CNBC

Walmart said Wednesday that it plans to back American manufacturers by spending an additional $350 billion over the next decade on items that are made, grown or assembled in the U.S. Nearly two-thirds of Walmart’s current assortment is made, assembled […]


Industries, Retail & Wholesale

Target to invest $4 billion to speed new stores and remodels, expand ability to fill online orders

March 2, 2021

Via: CNBC

Target said Tuesday that it hopes to build on its recent growth by investing about $4 billion annually over the next several years to speed along new stores, remodel existing ones and increase its ability to quickly fulfill online orders. […]


Industries, Retail & Wholesale

As store owners sign more short-term leases, landlords are taking a risky bet on the future of retail

February 26, 2021

Via: CNBC

Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few years until we find out which party is on the winning side. As thousands of retail leases come up for […]


Industries, Retail & Wholesale

Home Depot tops estimates as sales surge 25%, but shares fall on worries pandemic gains won’t last

February 23, 2021

Via: CNBC

Home Depot’s fourth-quarter earnings surged past investors’ expectations as consumers poured more money into home improvement due to the pandemic and strength of the real estate market. Shares were down more than 5% early Tuesday, after the company did not […]


Industries, Retail & Wholesale

Kohl’s shares soar as activist investor group looks to add 9 directors to board

February 22, 2021

Via: CNBC

Kohl’s shares soared more than 9% in premarket trading Monday after a group of activist investors confirmed it has nominated nine directors to the company’s board, looking to turn the business around and boost its stock. The group consisting of […]


Industries, Retail & Wholesale

Walmart shares fall on earnings miss, retailer sees sales growth slowing in coming year

February 18, 2021

Via: CNBC

Walmart on Thursday reported fourth-quarter earnings that fell short of Wall Street’s expectations as the retailer aims to turn the strength of its e-commerce business during the pandemic into lasting momentum and higher profits by boosting investment. Shares were down […]