Category: Retail & Wholesale

November 11, 2019

(BEIJING) — Chinese e-commerce giants Alibaba and JD.com reported a total of more than $50 billion in sales on Monday in the first half of Singles Day, an annual marketing event that is the world’s busiest online shopping day. Singles […]

October 28, 2019

LVMH, the luxury brand that owns Louis Vuitton, Moët and Hennessy, is reportedly making a $14.5 billion deal to buy jeweller, Tiffany & Co, sending its stock soaring in pre-market trading. The luxury group first approached Tiffany earlier this month […]

October 25, 2019

Amazon had a shocker in its latest earnings report, and now it’s set to lose $53.7 billion off its market cap. The tech giant slid 5.6% in pre-market trading, after missing Wall Street estimates in its third-quarter earnings, in terms […]

October 17, 2019

If the U.S. economy has a hero in 2019, it’s the American consumer. Amid a global slowdown and bearish forecasts of a U.S. recession, bulls have consistently pointed to robust consumer spending as a strong trend that can shore up […]

October 4, 2019

It seems we could see a rush on stores well before Black Friday: shoppers are likely to stockpile food and other goods ahead of Britain’s exit from the European Union, according to a survey of managers at logistics and supply […]

September 30, 2019

Forever 21 Inc. filed for bankruptcy protection, adding another big fashion merchant to the tally of retailers who couldn’t cope with high rents and heavy competition. Court papers filed in the Bankruptcy Court for the District of Delaware show Forever […]

September 26, 2019

Target is the best retailer in this strong consumer economy, and it is prepared in the case of an economic downturn, according to Cowen. The firm named Target its top retail stock idea headed into the second half of 2019. […]

September 16, 2019

Small manufacturers and retailers are losing confidence in the national economy yet remain upbeat about their own prospects. That’s the finding of a third quarter survey of 1,000 companies released last week by the U.S. Chamber of Commerce and MetLife. […]

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 […]