Internet and Catalog Retail Internet Retail

  • SAO PAULO, Aug 17- Fears of e-commerce taking off in Brazil have sunk shares of the country's big mall operators this year, but industry executives expressed confidence that local shopping habits, the reputation of malls as public spaces safe from crime and other factors will help them avoid the shakeout that has hit their U.S. peers. They say a better mix of...

  • Aug 17- Nordstrom Inc's shares surged over 9 percent on Friday, a day after its quarterly same-store sales numbers trounced Wall Street estimates, leaving analysts impressed with the upscale retailer's online channels and its clear inventories. Its shares were the biggest percentage gainer among the New York Stock Exchange listed companies.

  • SAN FRANCISCO, Aug 17- A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Backed up by strong earnings growth and investor confidence in Silicon Valley's innovation track record, the S&P 500...

  • For 2018, the Seattle, Washington- based company expects an adjusted profit of $3.50 to $3.65 per share, compared with its previous forecast of $3.35 to $3.55. Penney Co Inc shares sank below $2 for the first time after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly large...

  • For 2018, Nordstrom now expects an adjusted profit of $3.50 to $3.65 per share, compared with its previous forecast of $3.35 to $3.55. Shares of the Seattle, Washington- based company rose 11 percent to $58.30 in after-hours trading. Excluding items, the company earned 95 cents per share, beating estimates of 84 cents, according to Thomson Reuters I/B/E/S.

  • Shares of the Seattle, Washington- based company rose 11 percent to $58.30 in after-hours trading. For 2018, Nordstrom now expects an adjusted profit of $3.50 to $3.65 per share, compared with its previous forecast of $3.35 to $3.55. Excluding items, the company earned 95 cents per share, beating estimates of 84 cents, according to Thomson Reuters I/B/E/S.

  • NEW YORK, Aug 16- Walmart Inc posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc.. Chief Executive Greg Foran said on an earnings conference call, praising sales in produce, meat and bakery.

  • NEW YORK, Aug 16- Walmart Inc reported quarterly earnings and sales that topped estimates on Thursday, driven by strong grocery sales and a revamped website that boosted online purchases, and the company's shares soared over 10 percent in early trade. Chief Executive, Greg Foran, said on an earnings conference call, praising sales in produce, meat and bakery.

  • Stocks are closing higher on Wall Street following strong results from Walmart and signs of progress in defusing the trade dispute between China and the U.S. Walmart jumped 9.3 percent Thursday after reporting its strongest sales growth in a decade as well as a surge in online sales. Stocks are sharply higher in midday trading on Wall Street following strong...

  • NEW YORK, Aug 16- Walmart Inc on Thursday reported a 40 percent rise in U.S. e-commerce sales during the second quarter, faster than the previous quarter's 33 percent advance. Walmart's e-commerce performance has become the most widely anticipated metric after online sales growth slowed during the crucial holiday quarter, fueling investor concern over its...

  • NEW YORK— Walmart raised its financial outlook for the year on Thursday after beating Wall Street's expectations for the quarter and seeing the strongest growth in more than a decade in sales at established stores. The upbeat report indicates that Walmart's efforts to improve the experience shoppers have at its stores and expand its online services,...

  • LONDON, Aug 16- Amazon.com Inc is sounding out some of Europe's top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the region's financial services. While it was not immediately clear what type of insurance would be sold on any Amazon site, home and motor...

  • ONTARIO WILL ALLOW ONLINE SALES OF CANNABIS ON OCT. 17; ONTARIO GOVERNMENT WILL BE WHOLESALER TO PRIVATE RETAILERS.

  • BEIJING, Aug 12- Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organise a protest planned for later that day. Across the city, others who had lost money investing in China's online peer-to-peer lending platforms- including some who had travelled from as far away as Shandong and...

  • BEIJING, Aug 12- Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organize a protest planned for later that day. Across the city, others who had lost money investing in China's online peer-to-peer lending platforms- including some who had traveled from as far away as Shandong and...

  • Walmart earnings: What to watch

    Scott Mushkin, Wolfe Research analyst, breaks down what to watch for Walmart earnings next week, a big week for retail earnings.

  • SYDNEY, Aug 10- Australian retailer Wesfarmers Ltd is likely to say in its upcoming earnings report that annual sales are higher than ever before, as shoppers flocked to its stores regardless of entrant Amazon.com Inc ramping up its online assault. Analysts expect Wesfarmers next week to report a 1.75 percent rise in annual revenue at A $70 billion, but a 7...

  • Amazon hits all-time high: Bull case for the stock

    Priya Anand, Amazon reporter for The Information, and Youssef Squali, SunTrust Robinson Humphrey head of internet and digital media equity research, discuss their future outlook for Amazon as it hits another all-time high.

  • Customers at the Ikea store in Hitech City on the outskirts of Hyderabad, India, on August 9, 2018.

    Ikea has finally opened its first store in India on Thursday, targeting the country's growing middle-class.

  • *Walmart says invested $320 mln in fundraising round. BEIJING/ SHANGHAI, Aug 9- Dada-JD Daojia, a Chinese online grocery and delivery firm, said on Thursday it has raised $500 million from Walmart Inc and JD.com Inc in its latest round of financing. The Arkansas- based company's partnership with Dada-JD Daojia dates back to 2016 when it invested $50 million, the...