Category: Retail & Wholesale

August 14, 2019

Macy’s is lowering its annual earnings guidance after the department store struggled with a big earnings miss during the second quarter as it was forced to slash prices on unsold merchandise. The department store said Wednesday a combination of factors […]

July 22, 2019

Two Wall Street analysts are betting big on Amazon’s quarterly report later this week by hiking their price targets on the e-commerce giant. Deutsche Bank analyst Lloyd Walmsley raised his 12-month price target on Amazon to $2,515 per share from […]

July 15, 2019

Walmart is trying very hard to rival Amazon in the eCommerce space. The retail giant has fallen a long way behind when it comes to acquiring an online customer base and it’s now making a big play to turn that […]

July 12, 2019

Thanks to Amazon Prime Day, mid-July has become a prime time for shoppers to snag deals, whether they’re looking for a laptop to take back to school or aiming to get an early start on their holiday shopping. Yes, holiday […]

June 5, 2019

It’s been a rough ride for retail stocks. The XRT, which tracks the biggest names in retail, is coming off its worst month in more than a decade after falling roughly 13% in May. But the sector showed some signs […]

May 24, 2019

Amazon shares will rally to $3,000 in about two years, making them worth nearly $1.5 trillion, without the company doing much differently than it is doing today, Piper Jaffray told clients on Friday. “We believe AMZN shares will reach $3,000 […]

May 22, 2019

An aggressive campaign at Target to let customers do more online is paying off. The retailer on Wednesday exceeded first quarter expectations on just about every level, saying the same day services it’s rolled out, including picking up online orders […]

May 15, 2019

Macy’s on Wednesday reported first-quarter results that topped Wall Street estimates, sending shares up 2.5% ahead of the opening bell. The retailer earned an adjusted $0.44 a share on revenue of $5.7 billion, beating the $0.32 and $5.5 billion that […]

April 5, 2019

New lower prices at Whole Foods Market may not dispel the natural grocery chain’s “whole paycheck” reputation, but it could build stronger relationships with owner Amazon.com Inc.’s Prime members, much like Costco Wholesale Corp. has with its loyal repeat customers. […]

March 29, 2019

The bomb cyclone and flooding that damaged a huge section of U.S. Midwest farmland in March could cost you at the grocery store. Beef prices at supermarkets could rise 25 to 50 cents per pound and pork as much as […]