Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. The two-day event includes how-to sessions and remarks by the retailer's top leaders.Melissa Repko | CNBCLAS VEGAS — Walmart is looking for new ways to woo sellers to its third-party marketplace, as it pushes...
A shopper pushes a cart with a TV in front of a Best Buy store in Chicago, Illinois, November 25, 2022.Jim Vondruska | ReutersBest Buy on Tuesday surpassed Wall Street's quarterly sales expectations, but tempered expectations for the rest of the year as it feels the lull of post-pandemic...
Nordstrom begins the process of closing its stores in Canada with the first day of a sale at the Eaton Centre in Toronto. March 21, 2023.Steve Russell | Toronto Star | Getty ImagesNordstrom on Thursday surpassed Wall Street's quarterly sales and earnings expectations, as it showed signs of progress...
Shares of Dollar Tree fell Thursday and hit a 52-week low, after the retailer said customers' shopping lists have largely narrowed to food and necessities.The discounter joins a growing group of retailers catering to consumers who have become more price-sensitive and selective about spending. Macy's and Foot Locker also...
A Shein App is shown in the iOS App Store in Bargteheide, Germany, May 3, 2021.Defodi Images | Defodi Images | Getty ImagesFast-fashion competitors Shein and Forever 21 have joined forces.On Thursday, the retailers announced a deal that will bring together two brands that have a strong following of...
Abercrombie & FitchCourtesy:Â Abercrombie & FitchShares of Abercrombie & Fitch soared Wednesday, after the retailer crushed Wall Street's quarterly earnings and sales expectations and raised its forecast for the year.On a call with investors, CEO Fran Horowitz said the retailer's performance is the "culmination of years of hard work." She...
Lowe's reported mixed results for its fiscal second quarter on Tuesday, as consumers tackled springtime projects and helped offset weakening home improvement demand.The company topped Wall Street's earnings estimates, but fell slightly short of expected sales.The home improvement retailer stuck by its full-year forecast. It anticipates total sales will...
Macy's on Tuesday signaled consumers will be pickier and more price-driven in the back half of the year, even as the retailer topped Wall Street's quarterly expectations.The company's shares fell about 14% on Tuesday, as the department store operator stood by its conservative full-year guidance. It said it expects...
Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending.The big-box retailer beat Wall Street's expectations for sales and profits. E-commerce sales for Walmart U.S. also jumped 24%.Walmart said it now expects full fiscal-year consolidated net...
Target on Wednesday missed quarterly sales expectations and slashed its full-year forecast, as it again had trouble convincing shoppers to buy more than necessities.The big-box retailer cut both its full-year sales and profit expectations. Target offered a gloomier outlook even as some top economists have scrapped calls for a...