Internet and Catalog Retail
Internet Retail
NEW YORK, May 24- Best Buy Co Inc, the No. 1 U.S. consumer electronics retailer, posted a deceleration in online sales during the first quarter and did not update its full-year financial outlook, sending its shares sliding in early trade. Online sales growth decelerated meaningfully, "said Jason Benowitz, analyst and senior portfolio manager at The Roosevelt...
NEW YORK, May 24- Best Buy Co Inc, the No. 1 U.S. consumer electronics retailer, posted a deceleration in online sales during the first quarter, sending its shares sliding in pre-market trade, as investors shrugged off strong quarterly sales and earnings performance. Best Buy's Chief Financial Officer Corie Barry said on a call with investors first-quarter online...
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NEW YORK, May 24- Best Buy Co Inc, the No. 1 U.S. consumer electronics retailer, posted a deceleration in online sales during the first quarter, sending its shares down in pre-market trading on Thursday as investors shrugged off stronger-than-expected quarterly comparable sales and earnings. Best Buy's Chief Financial Officer Corie Barry said on a call with...
NEW YORK, May 24- Best Buy Co Inc, the No.1 U.S. consumer electronics retailer, posted a forecast-beating jump in quarterly comparable sales and earnings on Thursday, but online sales growth decelerated and shares dipped in pre-market trading. Best Buy's sales at established stores rose 7.1 percent in the first quarter ended May 5, handily beating analysts'...
Bernard Arnault, LVMH chief executive and chairman, speaks about Meghan Markle's Givenchy wedding dress and how technology is aiding his fashion and beauty brands.
NEW YORK, May 23- Target Corp's first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent in afternoon trade on Wednesday. But operating income continues to reflect near-term challenges, Chief Executive Brian Cornell said on an earnings conference...
NEW YORK, May 23- Target Corp's first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent on Wednesday. It cut its next-day delivery fee for household essentials to $2.99 from $4.99 last week and waived it for customers paying with a Target card.
NEW YORK, May 23- Target Corp shares pared losses to trade down 5 percent on Wednesday as investors weighed a lower-than-expected quarterly profit against the retailer's unchanged full-year outlook. The pressure to deliver items faster has intensified since Amazon's purchase of Whole Foods, which rattled the grocery industry on worries the online seller...
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NEW YORK, May 23- Target Corp shares pared losses to trade down 5 percent on Wednesday as investors weighed a lower-than-expected quarterly profit against the retailer's unchanged full-year outlook. The pressure to deliver items faster has intensified since Amazon's purchase of Whole Foods, which has rattled the grocery industry on worries the online...
NEW YORK, May 23- Target Corp posted lower-than-expected quarterly profit on Tuesday as spending on its online business and delivery options helped sales but ate into margins, sending shares down 6 percent in pre-market trade. The retailer's price cuts and heavy investments to ward off competition from Amazon.com Inc and brick-and-mortar rivals continued...
NEW YORK, May 23- Target Corp posted a smaller-than-expected increase in first-quarter profit, pressured by continued investments in its supply chain and online operations even as sales rose, sending its shares tumbling 8 percent in pre-market trade. The results showed that Target's price cuts and heavy investments to ward off competition from Amazon.com...
NEW YORK— Target proved itself one of the few retailers that saw more customers both at its stores and online, though its investment in stores and delivery operations hurt first-quarter profit. It's Target's strongest performance in at least a decade and put it alongside chains like Costco and TJX that have posted robust increases. "The consumer is very healthy,...
Citi Research reiterates its buy rating for Amazon shares, predicting strong growth for its international businesses.
*China is Thailand's biggest source of tourists by far. *Companies are also focusing on online sales to China. BANGKOK, May 18- The label on the pink and white box of face cream sold in a Bangkok hypermarket proudly declares that it is based on a "snail secretion filtrate moisture system."
STOCKHOLM, May 17- IKEA, the world's biggest furniture retailer, plans to open its first stores in South America after signing a franchise agreement with Chilean retailer Falabella, the two companies said on Thursday. Inter IKEA said in a news release the aim was to open at least nine stores in Chile, Colombia and Peru over a period of 10 years, along with online sales...
LONDON/ LOS ANGELES, May 17- U.S. supermarket chain Kroger Co struck a deal with British online grocer Ocado to ratchet up its delivery business with the construction of robotically operated warehouses, upping the ante in the battle with Amazon.com Inc and sending Ocado shares rocketing. The U.S. grocery industry is dominated by Walmart Inc and Kroger but has...
LONDON/ LOS ANGELES, May 17- U.S. supermarket chain Kroger Co struck a deal with British online grocer Ocado to build and deliver from robot-staffed warehouses, upping the ante in Kroger's battle with Amazon.com Inc and sending Ocado shares rocketing. The U.S. grocery industry is dominated by Walmart Inc and Kroger but has been in upheaval since last summer, when...
More than a dozen executives and senior managers have left Amazon over the past 10 months.
NEW YORK, May 17- Walmart Inc, the world's biggest retailer, posted a rebound in its U.S. e-commerce business on Thursday and beat profit and revenue expectations, lifting its shares in premarket trade. "Online grocery continued to accelerate and we also have new brands in e-commerce including the partnership with Lord and Taylor, so there are a lot of different...
NEW YORK, May 17- Walmart Inc, the world's biggest retailer, posted a rebound in its U.S. e-commerce business on Thursday and beat profit and revenue expectations, lifting its shares in premarket trade. "Online grocery continued to accelerate and we also have new brands in e-commerce including the partnership with Lord and Taylor, so there are a lot of different...
