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Wal-Mart

Target sees sales recovery in 2024, unveils paid membership tier

by Lionel Rogers
Target sees sales recovery in 2024, unveils paid membership tier

Target on Tuesday reported higher holiday-quarter earnings on a smaller-than-expected sales decline and predicted that annual comparable sales would come in largely above Wall Street expectations, sending its shares up …

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Arnault-backed Razor buys Perch in Amazon ‘aggregator’ shakeout

by David Johnson
Arnault-backed Razor buys Perch in Amazon ‘aggregator’ shakeout

By Bloomberg Published Mar 4, 2024 Berlin-based Razor Group is buying Boston-based Perch in an all-stock deal, accelerating the consolidation of “aggregators” that snapped up popular online brands only to …

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Temu to open site to US third-party vendors

by Lionel Rogers
Temu to open site to US third-party vendors

Translated by Nicola Mira Published Feb 28, 2024 Chinese generalist budget e-tailer Temu, as much criticised as it is dreaded in the USA, is reportedly about to open its site …

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EBay reports strong holiday quarter, expands buyback plan

by Lionel Rogers
EBay reports strong holiday quarter, expands buyback plan

By Bloomberg Published Feb 27, 2024 EBay Inc. posted a strong holiday quarter, giving investors fresh hope that the company can boost profits following steep job cuts. Ebay The company …

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Monday Haircare founder launches Osāna Naturals

by David Johnson
Monday Haircare founder launches Osāna Naturals

The founder behind Monday Haircare, Jaimee Lupton, introduced on Thursday Osāna Naturals, a new line of skin and hair care formulations aimed at nourishing both body and mind. Osāna Naturals …

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Price-conscious shoppers lift Walmart earnings as it preps $2.3 billion Vizio deal

by Lionel Rogers
Price-conscious shoppers lift Walmart earnings as it preps .3 billion Vizio deal

Walmart kicked off U.S. retailers’ reporting season on Tuesday with robust fourth quarter results after inflation-squeezed shoppers flocked to its stores, and said it would buy smart-TV maker Vizio for …

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Windsong Global acquires JVN Hair, Pipette brands

by David Johnson
Windsong Global acquires JVN Hair, Pipette brands

Windsong Global, a consumer-focused investment firm, announced on Tuesday the acquisition of beauty brands JVN Hair and Pipette. JVN Financial terms of the deal were not disclosed. As part of …

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Alibaba boosts share buy back as revenues miss estimates

by David Johnson
Alibaba boosts share buy back as revenues miss estimates

By Reuters Published Feb 9, 2024 China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the …

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EBay to cut 1,000 Jobs, reduce contractors to sharpen focus

by Lionel Rogers
EBay to cut 1,000 Jobs, reduce contractors to sharpen focus

By Bloomberg Published Jan 24, 2024 EBay Inc. will cut about 1,000 jobs, or 9% of its full-time employees, and reduce work for its outside contractors, saying its staffing and …

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Zara billionaire owner Ortega becomes Amazon landlord in Canada

by Lionel Rogers
Zara billionaire owner Ortega becomes Amazon landlord in Canada

By Bloomberg Published Jan 23, 2024 Fast fashion billionaire Amancio Ortega’s family office has acquired a Canadian warehouse leased by Amazon.com Inc, in the latest expansion of his property portfolio. …

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