Category: Retail & Wholesale

July 30, 2021

American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the pandemic recession but is facing new risks led by the delta variant of the coronavirus. At the […]

July 20, 2021

It may be the dog days of summer, but retailers are already busy planning for a holiday season geared toward experiential, but less expensive, gifting. The new forecast from Salesforce, released Tuesday (July 20), also predicts that logistical challenges could […]

July 13, 2021

American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is fueling pent-up spending for goods and services that in many cases remain in short supply. Tuesday’s report […]

June 29, 2021

Walmart said Tuesday it will offer a less expensive version of insulin that could better fit into the budgets of millions of Americans who don’t have health insurance or who struggle to pay for the lifesaving diabetes drug. Starting this […]

June 21, 2021

The rise, which comes after Sky News this weekend revealed details of the offer from US buyout giant Clayton Dubilier & Rice (CD&R), added more than £1bn to the group’s market value. Rivals Sainsbury’s and Tesco also rose, adding 4% […]

April 29, 2021

Shares of eBay slumped more than 10% on Thursday after the company reported an earnings outlook for the current quarter that fell short of Wall Street’s estimates. EBay said Wednesday afternoon that it expects 91 cents to 96 cents in […]

April 19, 2021

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 […]

March 26, 2021

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 […]

March 15, 2021

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 […]

March 8, 2021

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 […]