Walmart Inc
Instacart data files to go general public on Nasdaq to attempt and unfreeze tech IPO industry
Fidji Simo, chief govt officer of Instacart Inc., speaks during an job interview in San Francisco, California, on Thursday, March 3, 2022. David Paul Morris | Bloomberg | Getty Photos Instacart, the grocery supply company that slashed its valuation during final year’s market slide, filed its paperwork to go community on Friday in what is […]
Read More
Shares of Abercrombie & Fitch soar 15%, as retailer blows past Wall Street’s expectations
An Abercrombie & Fitch store in San Francisco. Getty Images Shares of Abercrombie & Fitch soared in premarket trading, after the retailer crushed Wall Street’s earnings and sales expectations for the quarter and raised its forecast for the year. Here’s how the retailer did in the fiscal second quarter ended July 29 compared with what […]
Read More
Amazon AI scammers blew millions on Lake Como wedding and cars and trucks, FTC alleges
Lake Como in northern Italy’s Lombardy location. Westend61 | Westend61 | Getty Illustrations or photos John and Roman Cresto built millions of dollars advertising them selves as e-commerce “authorities” who could educate typical consumers and traders the secret to promoting achievement on Amazon and Walmart, for a price. They splashed lavish vacations and substantial-finish cars […]
Read More
Weight loss drugs boost sales at retail pharmacies, but they may not help profits much
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | Reuters Drugmakers aren’t the only ones feeling the impact of the weight loss industry gold rush. Retailers with pharmacy businesses, such […]
Read More
Aldi is getting bigger. Here’s why the no-frills German grocer is looking to the Southern U.S. for growth
No-frills discounter Aldi is the latest grocer to shake up the industry with big moves. The German retailer announced this week that it plans to acquire about 400 Winn-Dixie and Harveys Supermarket locations across the Southern U.S. As part of the deal, it would take over operations of the stores, which are in Florida, Alabama, […]
Read More
Here are some of the companies saying weight loss drugs could impact their business
The impact of new weight loss treatments is being felt well beyond the health-care industry . Analysts used the ritual of quarterly earnings calls to probe companies on whether their businesses were being helped — or hampered by — the latest trend. Drugs that mimic gut hormones like glucagon-like peptide-1, or GLP-1, were first used […]
Read More
Cruise robotaxi receives in incident with San Francisco fireplace truck, one particular hurt
A Cruise self-driving car or truck, which is owned by Typical Motors Corp, is found outside the firm’s headquarters in San Francisco. Heather Somerville | Reuters A Cruise self-driving car was concerned in an incident with a San Francisco Hearth Office truck just just one 7 days following California regulators permitted 24-7 robotaxi assistance in […]
Read More
Three ways Walmart and Target are diverging as consumers watch their wallets
(L) A customer pushes a shopping cart full of groceries outside a Wal-Mart n Rogers, Arkansas, and (R) A pedestrian passes a Target store in the Tenleytown neighborhood of Washington, DC. Getty Images Target and Walmart are both catering to thriftier shoppers, but the two big-box retailers have seen very different outcomes when it comes […]
Read More
Stocks slip Thursday as investors digest earnings, economic data: Live updates
Hawaiian Electric on track to close at cheapest share price since 1985 Hawaiian Electric shares are poised to close at their lowest price in nearly four decades as pressure from the Maui wildfires mount. Shares traded below $12 midday Thursday. If that holds through close, it will be the cheapest price since 1985. Investors have […]
Read More
Walmart raises full-year forecast as grocery, online growth fuel higher sales
Atchison, Kansas. Walmart store logo with gardening products for sale. (Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images) Ucg | Universal Images Group | Getty Images Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending. The big-box retailer beat Wall […]
Read More