Walmart Inc
As Target shutters some stores, retailer looks to prove it can grow and avoid new setbacks
Target’s store in Harlem is one of nine locations that the retailer recently shuttered. It blamed the closures on high levels of theft and safety risks. Melissa Repko | CNBC In the Harlem neighborhood of New York City, Target‘s first store to open in Manhattan has permanently shut its doors. The retailer has closed eight […]
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Amazon’s top Fresh exec says store reopenings are part of broader grocery revamp
Amazon Fresh store in Los Angeles neighborhood of Woodland Hills Annie Palmer In February, Amazon CEO Andy Jassy said his company was hitting pause on opening up new Fresh supermarkets and Go convenience stores while closing some underperforming locations. It was all part of a broader belt-tightening campaign at Amazon and seemed to point to […]
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These are the stocks that will benefit — and lose out — from the wellness trend, Morgan Stanley says
Weight loss drugs have been in the spotlight. But they’re just one aspect of a growing focus on health — on the part of both consumers and governments. The Covid-19 pandemic was a big factor behind the rising focus on weight and its implications for health, Morgan Stanley noted. “Thus health (or wellness) has become […]
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Food-delivery startup Wonder Group gets $100 million investment from Nestle
Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It’s also developed high-tech kitchen equipment to speed up and simplify cooking. Wonder Group Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment […]
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Oil huge Saudi Aramco’s financial gain slides 23% in 3rd quarter on lessen crude charges, volumes
Saudi point out oil huge Aramco posted a 23% fall in web financial gain in the third quarter to Sept. 30, down to $32.6 billion attributable to “the affect of decreased crude oil charges and volumes sold,” the organization explained Tuesday. The 3rd-quarter internet revenue consequence marked a steep decrease from $42.4 billion the identical […]
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Walmart shares hit all-time high, as retailer’s value focus attracts shoppers and investors
Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois. Scott Olson | Getty Images Shares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value. The big-box retailer’s stock hit a […]
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Deal-hungry shoppers will squeeze holiday sales growth to pre-pandemic levels, retail group says
Holiday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation. The major trade group expects sales in November and December to rise by 3% to 4% year over year. That […]
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E.l.f. Beauty blows past Wall Street’s estimates, raises full-year guidance again
E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street’s expectations. The cosmetics company, known for its viral TikTok marketing and middle-of-the-road pricing, also saw profits nearly triple compared with the year-ago period. Shares jumped about 9% in extended trading […]
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Hanesbrands is shopping Champion — and WHP Global, Authentic Brands Group are both interested in buying
American sportswear fashion brand Champion store seen in Hong Kong. Chukrut Budrul | SOPA Images | Sipa via AP Images Brand management firms WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company Hanesbrands, which is considering offloading the sportswear line amid pressure from activist investors, CNBC has learned. […]
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Bank branches inside supermarkets are closing 7 times faster than other locations
Customers at a Safeway store in San Francisco. Getty Images American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid the industry’s profit squeeze and customers’ migration to digital channels. Banks closed 10.7% of their in-store branches in the year ended June 30, according to […]
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