Category: Retail News
Nike stock surges after earnings and revenue top expectations
Nike reported fiscal second-quarter earnings after the bell Tuesday. [...]
Walgreens, CVS limit sales of children’s medications amid ‘tripledemic’
Walgreens attributed the cap to demand and supplier challenges. [...]
Amazon avoids multibillion-dollar fine as it reaches EU antitrust settlement
Amazon made a series of commitments to address allegations from the European Union that the company was using independent sellers' data to its advanta [...]
Target hopes value-hungry shoppers will come to the rescue this holiday season
Target has put up three quarters of disappointing earnings results while trying to clear through excess inventory and woo price-sensitive shoppers. [...]
Credit Suisse downgrades Home Depot, cites slowing housing market as near-term risk
The firm said declines in both the stock market and home prices could create a "negative wealth effect" that delays or cancels home improvement projec [...]
Southeast Asian venture capital firms expect to be pickier in 2023 than in 2022
Venture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging and macro headwinds slowing down growth in 2022. [...]
Costco CEO’s cautious consumer outlook justifies our near-term view on the stock
Costco CEO Craig Jelinek painted a mixed picture Monday, one in which consumers are more vigilant but inflation is cooling. [...]
Millionaires plan to cut their holiday spending due to inflation
Millennial millionaires are the most likely to cut back on spending as a result of inflation, with 100% saying they plan to spend less. [...]
Few stores closed in 2022. UBS says get ready for that to change in 2023, starting with department stores
Challenging store traffic trends, weak sales and pressured margins will be the catalysts for store closures to rise once again, UBS said. [...]
Adults are buying toys for themselves, and it’s the biggest source of growth for the industry
"Kidults" are responsible for one-fourth of all toy sales annually, around $9 billion worth, as they buy everything from Star Wars to Lego products. [...]