Category: Retail & Wholesale

Industries, Retail & Wholesale

US consumer prices surged in past year the most since 2008

July 13, 2021

Via: ABC News

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 […]

Industries, Retail & Wholesale

Walmart unveils low-price insulin as more patients with diabetes struggle to pay for drug

June 29, 2021

Via: NBC News

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 […]

Industries, Retail & Wholesale

Morrisons shares surge 30% after it spurns £5.5bn takeover offer

June 21, 2021

Via: Sky News

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% […]

Industries, Retail & Wholesale

EBay drops more than 10% after giving light earnings guidance

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 […]

Industries, Retail & Wholesale

GameStop shares jump after CEO steps down, ‘Roaring Kitty’ raises stake

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 […]

Industries, Retail & Wholesale

Victoria’s Secret-owner L Brands shares jump on raised profit outlook, thanks to stimulus boost

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 […]

Industries, Retail & Wholesale

2022 is expected to be the first trillion-dollar year for e-commerce, largely thanks to the COVID-19 pandemic

March 15, 2021

Via: Markets Insider

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 […]

Industries, Retail & Wholesale

GameStop shares jump after retailer taps Chewy co-founder Ryan Cohen to lead e-commerce shift

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 […]

Industries, Manufacturing, Retail & Wholesale

Walmart says it will support U.S. manufacturers with $350 billion of added business

March 3, 2021


Walmart said Wednesday that it plans to back American manufacturers by spending an additional $350 billion over the next decade on items that are made, grown or assembled in the U.S. Nearly two-thirds of Walmart’s current assortment is made, assembled […]

Industries, Retail & Wholesale

Target to invest $4 billion to speed new stores and remodels, expand ability to fill online orders

March 2, 2021


Target said Tuesday that it hopes to build on its recent growth by investing about $4 billion annually over the next several years to speed along new stores, remodel existing ones and increase its ability to quickly fulfill online orders. […]