Category: Retail & Wholesale

October 2, 2018

As the 2018 holiday shopping season approaches, most Americans are feeling pretty good about their finances. The majority of consumers believe the U.S. economy has improved since last year, and 75 percent expect that trend will continue in 2019, according […]

September 20, 2018

A three-story brick building in a low-crime Brooklyn neighborhood in New York City was the first U.S. stop on an international route used to ship thousands of potentially dangerous counterfeit Apple electronics to America’s consumer market. The knockoff power adapters […]

September 11, 2018

Amazon said on Tuesday that its specialist business supplies sales portal has now hit $10 billion in annual sales. Founded in 2015, Amazon Business functions just like regular Amazon but is specialised to suit the needs of businesses, offering things […]

August 31, 2018

The Coca-Cola Company is buying U.K.-based Costa Limited, a global coffee chain with almost 4,000 retail outlets, for $5.1 billion, it announced today. While Costa does not compete in the U.S. market, it is the U.K.’s leading coffee chain and […]

August 29, 2018

Morgan Stanley is getting more bullish on Amazon shares even after its stunning gains so far this year. The firm reiterated its overweight rating and increased its price target for Amazon shares to $2,500 from $1,850, representing 29 percent upside […]

August 22, 2018

So much for the demise of brick-and-mortar retailing. Target (TGT, +5.13%) on Wednesday reported a surge in shopper visits and digital sales that fueled its biggest comparable sales gain in 13 years, proving that its strategy to integrate stores and […]

August 9, 2018

The Chinese grocery-delivery firm, Dada-JD Daojia, announced Thursday that has received a $500 million injection of financing. The money comes jointly from U.S. retail giant Walmart and Chinese e-commerce player JD.com. Walmart (WMT, -0.14%) said it had contributed some $320 […]

July 18, 2018

Shares of Amazon ticked higher on Wednesday as Wall Street awaited the final results from Prime Day, the e-commerce giant’s annual sales event. The stock rose 0.1 percent in the premarket after closing at a record high in the previous […]

July 6, 2018

Amazon.com Inc. is including Whole Foods Market in its annual Prime Day shopping event this year, a move that will put pressure on grocers along with other retailers. Amazon AMZN, -0.07% said Prime Day, which will last 36 hours starting […]

June 29, 2018

Stocks of Rite Aid, CVS and Walgreens lost nearly $13 billion in value by midday on Thursday after Amazon announced its plan to buy online pharmacy PillPack. Industry observers have long said it was a matter of when, not if, […]