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  • Luxury Index

    Reebonz Co-founder Daniel Lim shares findings from a commissioned report showing that pre-owned luxury consumption is on the rise in Asia.

  • *Investors in China warehouses include Warburg Pincus, Carlyle. *China online shopping revenues expected to hit $1.1 trln in 2018. "The thinking was even if it didn't necessarily scale to the size we were anticipating, we had a good sense that while Boston is a pretty decent size city in the U.S., China should have far more modern warehousing space over the longer term,"...

  • *Investors in China warehouses include Warburg Pincus, Carlyle. *China online shopping revenues expected to hit $1.1 trln in 2018. "The thinking was even if it didn't necessarily scale to the size we were anticipating, we had a good sense that while Boston is a pretty decent size city in the U.S., China should have far more modern warehousing space over the longer term,"...

  • NEW YORK— Stocks posted modest gains on Tuesday, bringing indexes nearly back to the record levels they reached last week. Homebuilders rose sharply following a big jump in sales of new homes last month, and Best Buy soared after the electronics retailer reported a surge in profit as online sales increased. The Dow Jones industrial average rose 17.88 points, or...

  • Homebuilders rose sharply following a big jump in sales of new homes last month, and Best Buy soared after the electronics retailer reported a surge in profit as online sales increased. Volume on the New York Stock Exchange was again below 3 billion shares, marking one of the slowest days of the year. This week's biggest event is Friday, when Federal Reserve Chair...

  • Toll Brothers climbed 9 percent. Electronics retailer Best Buy surged 20 percent after reporting better online sales and lower costs, and Tableau Software jumped 13 percent after announcing an unexpected CEO change. Electronics retailer Best Buy surged 19 percent after reporting better online sales and lower costs, and Tableau Software jumped 13 percent...

  • NEW YORK— Best Buy's profit jumped 21 percent as the nation's largest consumer electronics retailer increased sales online and tried to create a better shopping experience in the stores while it also cut costs. Revenue at established stores, an important measure of a retailer's health, also managed a gain of 0.8 percent when Wall Street, according to a survey by...

  • Aug 22- Office Depot Inc said on Monday Chief Executive Roland Smith would retire, three months after the second-largest U.S. office supplies retailer and bigger rival Staples Inc abandoned their planned merger. The company also said it would consolidate its retail, contract, ecommerce and marketing operations under a newly created role of chief operating...

  • Aug 22- Office Depot Inc said on Monday Chief Executive Roland Smith would retire, three months after the second-largest U.S. office supplies retailer and bigger rival Staples Inc abandoned their planned merger. The company also said it would consolidate its retail, contract, ecommerce and marketing operations under a newly created role of chief operating...

  • Last week, it announced the acquisition of online startup Jet.com for over $3 billion to better compete with Amazon.com Inc.. Wal-Mart also increased entry level wages to $10 an hour earlier this year and said it will invest $2.7 billion in employee compensation and training over two years, a move it said contributed to improved service in its stores.

  • US consumer in better shape: Analyst

    Oliver Chen, Cowen and Co. Senior Retail Analyst, discusses Wal-Mart's quarterly report including its competition with Target and Amazon as well as the health of the U.S. consumer.

  • Earlier this year, Wal-Mart said it would invest $2.7 billion over two years to increase entry-level wages to $10 an hour, a move the company said has led to cleaner stores, faster checkouts and improved customer service. Excluding a non-cash gain of $535 million from sale of Wal-Mart's China e-commerce business, operating income dropped 7.2 percent.

  • Wal-Mart posts 'solid' performance: Pro

    Budd Bugatch, Raymond James, says he is very pleased with Wal-Mart's performance which beat his estimates.

  • Wal-Mart comps strongest in 8 quarters

    CNBC's Courtney Reagn runs through Wal-Mart's quarterly results which beat Street estimates.

  • Analyst: This is how Wal-Mart beat Street

    Joe Feldman, Telsey Advisory Group senior retail analyst, talks about Wal-Mart's quarterly results and shares his outlook on the stock.

  • Excluding a non-cash gain from the sale of Wal-Mart's e-commerce business in China and other items, earnings per share came to $1.07 in the second quarter ended on July 31. The retailer had forecast 95 cents to $1.08. Earlier this year, Wal-Mart said it would invest $2.7 billion over two years to increase entry-level wages to $10 an hour, a move the retailer said has...

  • NEW YORK— Wal-Mart's vast fleet of stores and its online business are starting to click together. As a result, the Bentonville, Arkansas- based company reported its eighth consecutive quarterly increase in comparable-store sales, and the seventh straight quarterly gain in customer traffic at its Wal-Mart U.S. namesake business. "We've got existing customers...

  • Aug 18- Wal-Mart Stores Inc reported higher-than-expected quarterly comparable sales on Thursday, helped by a rise in online sales and a higher average ticket at Walmart and Sam's Club stores. Net income attributable to the world's largest retailer rose to $3.77 billion, or $1.21 per share, in the second quarter ended July 31 from $3.48 billion, or $1.08 per...

  • Wal-Mart beats Street, raises forecast

    CNBC's Courtney Reagan breaks down Wal-Mart's quarterly results which posted EPS of $1.07 (Adj.) on revenues of $120.854 billion.

  • LONDON, Aug 18- Online retailer Amazon said it would create 1,500 new jobs in 2017 when it opens a new distribution centre in Tilbury, south east England, maintaining its surge of investment in Britain. News of the investment follows Friday's announcement that it will create 500 jobs when it opens a fulfilment centre in Doncaster, northern England, next year.