Amazon Lockers are driving people to Whole Foods, but they’re staying less than 5 minutes

When customers say they want to run into Whole Foods to pick up a few things, they might not be talking about groceries. Whole Foods Market has seen an increase in foot traffic in the first quarter of 2019 versus the same quarter in 2018, according to data from inMarket, a marketing campaign and customer engagement specialist. However, the grocer, […]

Read more

Gold Futures Settle Modestly Higher

Gold futures settled slightly higher on Wednesday, paring some early gains after equities found support on slightly easing concerns about trade war. Weak retail sales and industrial growth data out of the U.S. and China, and tensions in the Middle East supported the yellow metal, while the dollar’s recovery from lower levels limited its gains. The dollar index, which rose […]

Read more

Top Retail Stocks to Buy in 2019

It's no secret that the retail industry is facing challenges. While talk of the "retail apocalypse" may have subsided since annual store closings peaked in 2017 at nearly 8,000, the industry remains in flux. Pressure from e-commerce companies like Amazon.com have forced changes in the traditional way retailers do business, and with customer traffic falling in traditional strongholds like malls, […]

Read more

Carrefour Brazil unit books provision for tax row

Carrefour SA (CA.FR) said Monday that Atacadao S/A (CRFB3.BR), its Brazilian subsidiary, is booking a provision for tax disputes amounting to 815 million Brazilian reais ($205.7 million). The French supermarket chain said Atacadao decided to book the provision as a precautionary step following an unfavorable decision by the Brazilian Supreme Court last Thursday. "The Supreme Court’s decision is subject to […]

Read more

Can Asia's richest man take Hamleys global?

For Reliance Industries, buying Hamleys is a dream come true. The group has not said much about its plans for the British toy store. Nor has Asia’s richest man Mukesh Ambani who controls Reliance. Whatever global aspirations they may have, achieving them would not be straightforward. For buyers of British trophy retail assets, hopes of catapulting them to international domination […]

Read more

Party City matches profit expectations, secures new helium source and closing 45 stores

Shares of Party City Holdco Inc. PRTY, +3.13% were indicated up over 1% in premarket trade Thursday, after the party goods retailer matched first-quarter adjusted profit expectations, said it signed a letter of agreement for a new source of helium and said it was closing about 45 stores. The net loss for the quarter was $26.6 million, or 32 cents […]

Read more

Burlington Stores CEO Kingsbury to step down, Ross Stores COO to replace him

Shares of Burlington Stores Inc. BURL, +1.06% fell more than 2% in the extended session Tuesday after Chief Executive Thomas Kingsbury announced he is stepping down and the retailer tweaked lower its guidance for the first quarter. Burlington said Kingsbury will step down on or around Sept. 16 after more than 10 years in that role. Michael O’Sullivan, formerly the […]

Read more
1 2 3 27