CHICAGO, May 18- Wal-Mart Stores Inc on Thursday reported slightly higher-than-expected quarterly sales at established U.S. stores as customer visits increased and online purchases accelerated. Earnings per share came to $1 in the first quarter ended on April 30, exceeding the analysts' average estimate of 96 cents, according to Thomson Reuters I/B/E/S.
BENTONVILLE, Ark.— Wal-Mart delivered first-quarter results that show it's winning over shoppers at stores and online, even as the competition intensifies. That's a rare bright spot in a largely gloomy retail environment in which retailers like Macy's and Target saw declines in comparable sales. "We're transforming to become more of a digital enterprise," said...
JPMorgan reiterates its overweight rating on Amazon predicting the company's e-commerce market share will rise to 50 percent by 2019.
NEW YORK— Target, Wal-Mart and Amazon are engaged in a game of shipping tag, each trying to adjust their free threshold and other shipping strategies to a level that can lure shoppers away from one of the other. Minneapolis- based Target has the furthest to go as it tries to put itself in better competition with Amazon, the undisputed online leader, and Wal-Mart, which...
The "Squawk Box" news team discusses some of the morning's most provocative headlines.
CRANBERRY, Pa.— Pennsylvania- based teen clothing retailer rue21 is restructuring and filing for Chapter 11 bankruptcy protection about a month after announcing it would close roughly 400 stores to focus more on online sales. The company based in Cranberry, north of Pittsburgh, announced Tuesday that its bankruptcy filing accompanies agreements with...
MKM Partners reiterates its buy rating for Alibaba and expects "strong results" when it reports earnings on Thursday.
Since launching in 2010, Pinterest has amassed more than 175 million active users around the world, as well as 1 million businesses.
May 15- Investment firms TPG Group Holding Advisers Inc and Dragoneer Investment Group LLC jointly reported an 8 percent stake in Etsy Inc, the Brooklyn- based online retailer of handmade goods, Etsy disclosed in filings on Monday. The disclosure comes just weeks after activist hedge fund Black and White Capital LP, which owns roughly 2 percent of Etsy, urged the...
It took Amazon 18 years as a public company to catch Walmart in market value. It took less than another two years for Amazon to be worth twice as much.
Jim Cramer spoke with top executives to see which trends are transforming business and moving markets.
The retail sector is facing its worst performance since the Great Recession — an alarm for smaller shops, NBC News reports.
Penny's net sales dropped 3.7 percent to $2.71 billion, declining for the third straight quarter and just short of the average analyst estimate of $2.77 billion, according to Thomson Reuters I/B/E/S. Sales at clothing stores fell 0.5 percent in April, while sales at online retailers, such as Amamzon.com Inc, jumped 1.4 percent, according to data released by the...
The "Squawk on the Street" crew talks about the rough week for retailers as earnings show weak sales and Amazon continues to take market share.
Department stores have to reinvent themselves, says Dana Telsey, Telsey Advisors Group CEO, discussing retail's dismal quarter and what they must do to bring back consumers and remain competitive in the retail game.
A boon in prestige beauty sales has driven hordes of consumers to Sephora — buying up the next hottest lip kit, N.Y. Times reports.
"I'm going to leave this interview and I'm going to go play golf," Citron Research's Andrew Left told CNBC.
A Condé Nast and Goldman Sachs survey showed teens loved the online retailer because of its efficiency, speed and convenience.
*Website to go live on June 6. PARIS, May 10- LVMH is launching a multi-brand e-commerce website inspired by its exclusive Parisian department store Le Bon Marche, as the world's biggest luxury goods group steps up the digital side of its business. LVMH, controlled by French billionaire Bernard Arnault, said the new site would go live on June 6 in more than 70...
These are the top 10 products made in the U.S. according to a popular consumer blog, Mic reports.