Category: Retail & Wholesale

April 3, 2020

The true retail apocalypse is upon us now, courtesy of the coronavirus outbreak. Big shifts in shopping habits in the past decade have wounded retailers in a disruption often likened to an Armageddon. But that upheaval unfolded in slow motion […]

March 25, 2020

Americans stocking up on essentials as they hunker down during the ongoing coronavirus outbreak have sent sales at Target way up so far in March, even as the crisis creates various new challenges for the discount retailer. Target, considered an […]

March 23, 2020

Global smartphone sales have dropped significantly as the ongoing outbreak of coronavirus has a major impact on consumer demand. Just 61.8 million devices were sold in February 2020, down from 99.2 million last year. This 38 per cent decline is […]

March 17, 2020

Amazon.com Inc. says shoppers should expect more “out-of-stocks” on household staples and longer delivery times due to heightened demand during the coronavirus outbreak. The company warns that some deliveries will exceed the usual Prime member promise of one-day delivery. For […]

March 16, 2020

Apple Inc. was fined a record 1.1 billion euros ($1.2 billion) by French antitrust regulators for anti-competitive agreements with suppliers that thwarted independent resellers. The French competition authority also fined two of Apple’s wholesalers — Tech Data and Ingram Micro […]

March 11, 2020

The fast-spreading coronavirus has pushed up prices on hand sanitizer and surgical face masks by at least 50% on Amazon. Consumers are paying the price. According to a report by the U.S. Public Interest Research Group released Wednesday, the sky-high […]

February 26, 2020

Hygienic masks designed to stop the spread of illnesses like coronavirus are swelling in price online after the Centers for Disease Control and Prevention warned that the respiratory illness could create severe disruptions in the U.S. The U.S. government said […]

January 31, 2020

Amazon.com Inc. defied its own disappointing forecast and returned to earnings growth in the holiday quarter with more than $3 billion in profit, sending shares soaring toward a $1 trillion valuation in the extended session Thursday. The e-commerce and cloud-computing […]

January 30, 2020

COPENHAGEN, Denmark — Swedish low-cost fashion brand Hennes & Mauritz AB says its net sales have increased by 11% to 232.7 billion kronor ($24.2 billion) last year “in an ever-changing fashion industry.” The Stockholm-based group says its full year gross […]

January 8, 2020

Kohl’s Corp. is getting a boost from its partnership with Amazon.com Inc., but Jefferies analysts still expect same-store sales and margins to decline due to weakness in key categories like women’s and children’s. Jefferies downgraded Kohl’s KSS, +0.22% shares to […]