Industries, Retail & Wholesale
April 28, 2022
Via: Sky NewsThe company’s first quarter results included its first quarterly loss since 2015 though the $3.8bn sum was blamed on a $7.6bn writedown in the value of its investment in electric vehicle start-up Rivian. However, the red ink was overshadowed by […]
Finance Tech, Mobile Banking & Payments
April 12, 2022
Via: Payments DiveWhile the payments super-unicorn Stripe expects growth this year, it won’t be as strong as last year when the company benefited from an e-commerce surge spurred by the COVID-19 pandemic, according to an annual letter from its cofounders, Patrick and […]
December 16, 2021
Via: Business TodayA couple of stocks from across the sectors including technology, industrials, e-commerce, real estate and chemicals may witness an upgrade from mid- to large-cap category and from small to mid-cap category in the next AMFI market cap review. The half-yearly […]
November 22, 2021
Via: Investing.comProsus (OTC:PROSF), which owns a $175 billion minority stake in Chinese internet gaming and social media group Tencent, posted an 8% rise in first-half trading profit to $2.9 billion as revenue rose rapidly in its overall portfolio. Sometimes compared to […]
Industries, Retail & Wholesale
October 19, 2021
Via: Markets InsiderAmazon is making a big push for hiring to prepare for a particularly chaotic holiday shopping season. The e-commerce giant announced on Monday that it is hiring for 150,000 seasonal roles across the US. “Our seasonal hiring helps us deliver […]
Industries, Retail & Wholesale
April 19, 2021
Via: CNBCGameStop 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
March 15, 2021
Via: Markets InsiderE-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 15, 2021
Via: CNBCBillionaire investor Bill Ackman said Monday he donated his entire stake in Coupang — worth more than $1 billion — to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the Pershing Square Capital Management hedge […]
Industries, Retail & Wholesale
February 4, 2021
Via: CNBCNordstrom shares tumbled Thursday as the department store chain delivered a disappointing sales outlook for the year, and said it plans to shift more of its business toward off-price. Nordstrom said it expects revenue to rise more than 25% in […]
December 30, 2020
Via: Dark ReadingThe large-scale shift to remote work and the increased reliance on online services as the result of the global pandemic this year gave threat actors new opportunities to use distributed denial-of-service (DDoS) attacks to harass and extort organizations. Providers of […]
Industries, Retail & Wholesale
December 28, 2020
Via: TheStreetAlibaba (BABA) – Get Report had its price target cut by Baird analyst Colin Sebastian to $285 from $325 as China’s government investigates the internet titan on anti-trust grounds. The analyst maintained his outperform rating on the stock. Alibaba’s American […]
Industries, Retail & Wholesale
October 19, 2020
Via: FortuneChinese e-commerce giant Alibaba is doubling down on brick-and-mortar. On Monday, Alibaba announced that it had doubled its stake in the Chinese retailer Sun Art to 72%, taking control of one of China’s largest big-box chains that sells groceries and […]
Enterprise, Industries, Retail & Wholesale
September 23, 2020
Via: FortuneNike Inc. rallied in late trading after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal […]
Industries, Retail & Wholesale
September 16, 2020
Via: FortuneDespite the massive unemployment rate nationwide and the worst economic climate since the Great Depression, holiday retail sales overall are still expected to increase this winter, albeit between a modest 1% and 1.5%, according to Deloitte. Analysts are projecting sales […]
Industries, Retail & Wholesale
August 18, 2020
Via: Market WatchWayfair Inc. has made it to S&P Global Market Intelligence’s list of “Most Vulnerable Public American Retailers” despite recently reporting that it served millions of new customers and saw sales skyrocket in the most recent quarter. As of August 14, […]
July 2, 2020
Via: FortuneJeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year. Shares of the Seattle-based retailer surged 4.4% to a record […]
Industries, Retail & Wholesale
June 26, 2020
Via: FortuneThe pandemic, and Americans’ turn to e-commerce during it, have hastened the death of brick-and-mortar. J. Crew, Neiman Marcus, JCPenney, and Pier 1 Imports have all announced their file for bankruptcy since the onset of the virus. E-commerce isn’t just […]
June 10, 2020
Via: FortuneInditex SA plans to invest 2.7 billion euros ($3 billion) to boost e-commerce operations of chains like Zara and Bershka and expand store space to gain an edge on rivals as the pandemic snarls the clothing-retail industry. The Spanish retailer […]
Financial Services, Industries
March 3, 2020
Via: TheStreetJ.P. Morgan cut estimates for Mastercard (MA) – Get Report, PayPal (PYPL) – Get Report and Visa (V) – Get Report after the financial-sector majors cut their own estimates in response to the coronavirus outbreak. Coronavirus concern has hurt cross-border […]
Industries, Retail & Wholesale
January 31, 2020
Via: Market WatchAmazon.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 […]