Category: Retail & Wholesale

January 16, 2019

Sears is saved—for now. The company’s chairman and hedge fund manager Edward Lampert won the U.S. department store chain in a bankruptcy auction with a bid of approximately $5.2 billion, according to Reuters and the Wall Street Journal. Lampert’s winning […]

January 8, 2019

Retail stocks are turning a new leaf in the new year. After ending 2018 with their worst quarter since 2008, the group has rallied more than 6 percent since the first trading day of the year. Craig Johnson, chief market […]

December 26, 2018

There’s been little yuletide cheer for the retailers. The XRT retail ETF is down 17 percent this month, tracking for its worst December since its inception in 2006. One market watcher says indiscriminate selling may have unfairly taken retail down. […]

December 21, 2018

A cocktail of changing consumer habits, millennials’ aversion to shopping and the big Brexit clouds gathering over Britain’s high street have retail bosses quaking in their Prada loafers. On Monday, online fashion chain ASOS ASC, +4.22% usually a bankable star […]

November 26, 2018

American consumers are set to spend $7.8 billion this Cyber Monday, making it the biggest online shopping day in U.S. history. That figure outstrips 2017’s Cyber Monday spending by 18% and surpasses online spending on Black Friday in 2018 by […]

November 19, 2018

Consumer spending is still strong: It accounted for more than three-quarters of GDP growth in the most recent quarter. But Melda Mergen, deputy global head of equities for Columbia Threadneedle Investments, for one, is expecting consumers to spend less in […]

November 7, 2018

Target rose in premarket trading Wednesday after Cowen analysts said the retailer had strong momentum and the opportunity to gain market share selling toys and other children’s merchandise. The analysts upgraded the shares to outperform from market perform and raised […]

October 31, 2018

Since our last major update about Amazon’s hunt for a location for its second headquarters, it’s been reported that Miami and Chicago have gotten a second look, and little Oatlands, Va., near D.C., is an unlikely frontrunner. The e-commerce giant […]

October 29, 2018

Shoppers may be wistful for Toys R Us this holiday season, the first in decades without the kiddie wonderland. But they’ll have no trouble finding plenty of gifts elsewhere to tuck under the tree. Retailers are jockeying for a bigger […]

October 26, 2018

Amazon was set to plunge at Friday’s opening bell after the company delivered disappointing third-quarter revenue and fourth-quarter revenue guidance. The e-commerce giant delivered standout third-quarter earnings of $5.75 a share on Thursday, easily beating the $3.11 that analysts surveyed […]