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Lauren Thomas’s Posts
Walmart just proved it’s a grocery powerhouse. And it still has plenty of room to run.
The big-box retailer’s strong food business has been a key factor to recent sales gains, and this latest quarter, reported Thursday, was no different.
Nike will stop selling merchandise directly to Amazon, as part of its push to sell more directly to consumers, the company confirmed to CNBC.
Gap Inc.’s plans to spin off its once-star Old Navy brand are being called into question with the ouster of CEO Art Peck.
Alibaba’s annual e-commerce extravaganza is about to begin.
And as the Chinese retail giant has courted more brands to participate, retailers around the world are bracing for the biggest shopping event of the year.
UBS says apparel spending continues to move online, away from bricks-and-mortar stores, with about 25% of total apparel sales in the U.S. taking place on the internet.
Under Armour on Monday reported quarterly earnings and sales that topped analysts’ estimates, but the company trimmed its revenue outlook for the full year, citing “traffic challenges.”
The CEO of the biggest mall owner in the U.S., Simon Property Group, says the retail industry looks to be “reaching the bottom” of a tumultuous wave of bankruptcies.
Nordstrom is solidifying its presence in New York, which it says is already its largest market for online sales.
Walmart says it’s kicking off holiday deals “earlier than ever,” starting this Friday at midnight ET.
Nike said Tuesday afternoon its longtime CEO Mark Parker is stepping down, effective January of next year.
Kohl’s is trying new spaces in stores, where it rotates brands and pulls together entire outfits to encourage people to buy more.
Holiday retail sales in November and December — excluding automobiles, gasoline and restaurants — are expected to increase between 3.8% and 4.2% this year, reaching between $727.9 billion and $730.7 billion, the National Retail Federation said on Thursday morning.
Shares of Dick’s Sporting Goods are up more than 30% this year, with more investors betting on a successful turnaround. The company has been strengthening its relationships with top brands such as Nike and Adidas, and also growing its private labels, which is where women are becoming a bigger focus.
Walmart is adding seven health-related bachelor’s degrees and two career diplomas to its college perks program, where employees pay just $1 a day for an education, the company announced Tuesday.
A report from the Wall Street Journal finds Walmart has been discriminating against more than 150 female employees in its stores.