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Wal-Mart

Target raises 2024 profit forecast after price cuts boost quarterly sales

by David Johnson
Target raises 2024 profit forecast after price cuts boost quarterly sales

By Reuters Published Aug 22, 2024 Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price …

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Walmart is seeking up to $3.74 billion in sale of JD.com stake

by Lionel Rogers
Walmart is seeking up to .74 billion in sale of JD.com stake

By Bloomberg Published Aug 21, 2024 ​Walmart Inc. is seeking to raise up to $3.74 billion by selling its stake in Chinese e-commerce firm JD.com Inc., people familiar with the …

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Walmart lifts yearly outlook as shoppers hunt for bargains

by Lionel Rogers
Walmart lifts yearly outlook as shoppers hunt for bargains

By Bloomberg Published Aug 16, 2024 Walmart Inc. raised its sales guidance for the full year on 15 August, buoyed by consumers buying necessities and seeking deals even as they curtail …

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Possible US seaport strike could back up goods for months, shipping experts say

by Lionel Rogers
Possible US seaport strike could back up goods for months, shipping experts say

By Reuters Published Aug 14, 2024 A potential strike at U.S. seaports on the East Coast and Gulf of Mexico could back up cargo there for weeks or even months, …

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Walmart’s low price promise in focus after Amazon’s warning

by David Johnson
Walmart’s low price promise in focus after Amazon’s warning

By Reuters Published Aug 2, 2024 Walmart’s “Everyday Low Price” promise will be put to the test when it reports quarterly results, after rival Amazon.com’s warning that customers had turned …

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Jake Paul’s men’s personal care brand W raises $14 million in Series A funding

by Lionel Rogers
Jake Paul’s men’s personal care brand W raises  million in Series A funding

W, the men’s personal care brand founded by professional boxer Jake Paul, announced on Tuesday that it has raised $14 million in Series A funding, led by Shrug Capital.  Jake …

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Retailers’ early US back-to-school sales hasten peak ocean shipping season

by Lionel Rogers
Retailers’ early US back-to-school sales hasten peak ocean shipping season

By Reuters Published Jul 20, 2024 Retailers Walmart, Target, and Shein kicked off back-to-school sales early to stop Amazon.com’s Prime Day event from siphoning U.S. sales of backpacks and laptops, helping advance …

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Amazon Prime Day boosts US online sales to record $14.2 bln, Adobe says

by Lionel Rogers
Amazon Prime Day boosts US online sales to record .2 bln, Adobe says

By Reuters Published Jul 20, 2024 Shoppers spent a record $14.2 billion online across retailers in the United States during the 48-hour Amazon Prime Day event, according to a report …

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Warpaint London says trading stays strong, gets Superdrug boost

by David Johnson
Warpaint London says trading stays strong, gets Superdrug boost

There was good news for Warpaint London shareholders ahead of the colour cosmetics specialist’s Wednesday (26 June) AGM, helped by its Superdrug and New Look deals. Warpaint London Following a …

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Space NK US wholesale unit is sold

by David Johnson
Space NK US wholesale unit is sold

PCA Companies has acquired the North American wholesale division of British beauty retailer Space NK. The purchase price wasn’t disclosed. Space NK It includes around 600 points of sale in …

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