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Category: Retail & Wholesale


Enterprise, Industries, Retail & Wholesale

Nike rallies after profits show signs of bouncing back from pandemic

September 23, 2020

Via: Fortune

Nike Inc. rallied in late trading after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal […]


Industries, Retail & Wholesale

What retailers should expect going into a holiday season during a pandemic

September 16, 2020

Via: Fortune

Despite the massive unemployment rate nationwide and the worst economic climate since the Great Depression, holiday retail sales overall are still expected to increase this winter, albeit between a modest 1% and 1.5%, according to Deloitte. Analysts are projecting sales […]


Industries, Retail & Wholesale

Tiffany sues LVMH after $16 billion deal collapses

September 9, 2020

Via: Fortune

The luxury industry’s biggest takeover is unraveling as LVMH moved to call off a $16 billion purchase of Tiffany & Co., which countered with a lawsuit to try to keep the deal on track. The Louis Vuitton owner cited delays […]


Industries, Retail & Wholesale

Target reports record-setting quarterly profits and comparable sales, $5 billion in market share gains for first half of 2020

August 20, 2020

Via: Market Watch

Target Corp. reported a record-setting second-quarter early Wednesday, with profits and comparable sales bolstered by market share gains and customer service options across digital platforms that drove shoppers to stores. Target’s TGT, +12.65% net income totaled $1.69 billion, or a […]


Industries, Retail & Wholesale

Wayfair is on S&P’s ‘most vulnerable’ list despite soaring stock, new customer numbers

August 18, 2020

Via: Market Watch

Wayfair Inc. has made it to S&P Global Market Intelligence’s list of “Most Vulnerable Public American Retailers” despite recently reporting that it served millions of new customers and saw sales skyrocket in the most recent quarter. As of August 14, […]


Industries, Retail & Wholesale

Stocks gyrate and are flat after strong jobs data as investors await stimulus news

August 6, 2020

Via: CNBC

Stocks moved between gains and losses on Friday as better-than-expected jobs data partially offset lingering tensions between China and the U.S., as well as ongoing coronavirus stimulus negotiations. The Dow Jones Industrial Average traded 34 points lower, or 0.12%. The […]


Industries, Retail & Wholesale

Ralph Lauren’s dismal quarter shows it remains too reliant on department stores

August 4, 2020

Via: Fortune

Ralph Lauren reported poor first-quarter results on Tuesday that showed it will need to take more of its destiny into its own hands to weather major retail storms like the current COVID-19 crisis. The fashion company reported weaker than expected […]


Industries, Retail & Wholesale

Pandemic price gouging is a huge issue—but state laws to stop it are creating more problems than they solve

August 4, 2020

Via: Fortune

Media coverage of price gouging during the COVID-19 pandemic has focused predominantly on individuals hoarding much-needed supplies and reselling them for high prices online. State price gouging laws are designed to prevent such actions—they exist to prevent sellers from taking […]


Industries, Retail & Wholesale

Lord & Taylor, America’s Oldest Department Store, Files for Bankruptcy

August 3, 2020

Via: Time

Lord & Taylor, known for its upscale fashions and extravagant holiday window displays, sought bankruptcy protection from creditors after a turnaround effort faltered amid the coronavirus pandemic. The oldest U.S. department store filed for Chapter 11 protection in Richmond, Virginia, […]


Industries, Retail & Wholesale

McDonald’s posts worst global sales decline in at least 15 years

July 28, 2020

Via: Fortune

McDonald’s Corp. reported its worst global sales decline in recent memory, with drive-thrus and delivery unable to make up for the blows from pandemic shutdowns and consumer caution. The fast-food company’s total same-store sales in the second quarter dropped 23.9%, […]