Category: Market Trends
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Macy’s earnings beat estimates as retailer raises forecast with hopes for strong holiday
Macy's on Wednesday reported quarterly earnings that topped analysts' expectations, saying strong digital sales boosted results, while the retailer continues to make investments to … ›
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Walmart raises earnings forecast ahead of holidays but shares sink
Walmart reported earnings that topped analysts' expectations and raised its forecast for the full year heading into the holiday season. … ›
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Nike opens new flagship store in NYC with customized sneakers, digital shopping
Nike has opened a new cutting-edge, 68,000 square foot flagship store in New York City that executives hope will change the way consumers … ›
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Lowe’s to shut 51 underperforming stores in the US and Canada
Home improvement chain Lowe's announced the closure of another 51 underperforming stores in the United States and Canada on Monday as it … ›
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US Christmas sales predicted to surpass $1 trillion for the first time this year
Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the "strongest growth since 2011," … ›
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Soybean growers think inside the (shipping) box to reach new markets
An anticipated 35-year record bumper crop of U.S. soybeans and loss of sales to China has growers looking at using containers rather than … ›
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Amazon plans to hire thousands of seasonal delivery drivers
Amazon plans to hire thousands of its own seasonal drivers to help deliver parcels this peak season, a spokesperson for the company … ›
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Sam’s Club is opening its own version of Amazon Go with no cashiers or registers
Walmart -owned Sam’s Club is opening its own version of Amazon Go next month. It’s called Sam’s Club Now and is located in … ›
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The luxury sector is growing faster than many others and Gucci is in the lead
Gucci and Louis Vuitton are among the fastest-growing brands in the world, with the luxury fashion and accessories sector overall growing by … ›
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Here’s how Target plans to beat Amazon and Walmart in the shipping wars this holiday season
Early last year, the retailer said it would pour $7 billion into investments to turn around its business over the next three years. A … ›