Category: Retail News
Goldman Sachs upgrades Gap, says stock can rally nearly 30% despite challenges facing retailers
The upcoming year provides a rough backdrop for retail, according to Goldman Sachs. But Gap is a name the firm expects to do well. [...]
Signals from Costco on inflation are keeping us from overreacting to hotter producer prices
Next week's consumer price index is key as Wall Street awaits the Federal Reserve's next interest rate decision. [...]
Federal prosecutors ask judge to postpone SEC case in alleged New Jersey deli stock fraud
Federal prosecutors want the SEC to postpone their civil case against the suspects behind the $100 million New Jersey deli. [...]
Walmart-backed fintech startup plans to launch its own buy now, pay later loans
The fintech startup, called One, wants to launch a service that shoppers could use at Walmart's website and stores, as well as at other retailers. [...]
Grocery delivery firm Getir acquires embattled rival Gorillas as industry consolidates
The long-rumored takeover reportedly values Gorillas at $1.2 billion, down 15% from its last valuation. [...]
Activist Dan Loeb boosts stake in Bath & Body Works and seeks board shake-up, shares jump
Third Point's Loeb said the company's board has "made errors in structuring its executive compensation." [...]
Cowen names Costco a best idea, says wholesaler can be a big winner in 2023
The wholesaler not only has a sticky customer base, but could see more interest as more customers look for value. [...]
Here’s a map of Starbucks stores that voted to unionize
Friday marks the one-year anniversary of Starbucks Workers United's first win, in Buffalo, New York. [...]
Marijuana industry sales slow down after pandemic surge
After years of rapid growth, the U.S. cannabis industry is showing signs of fatigue amid challenging economic conditions and growing pains. [...]
Costco reports mixed quarter, but we see positive catalysts on the horizon
Costco Wholesale (COST) reported mixed fiscal first-quarter results after the closing bell Thursday, amid weaker consumer demand. [...]