Tag Archives: retail

Retail, real estate and hospitality are some of the industries which will encounter big opportunities for expansion in the metaverse, says one industry expert. “At the heart of what the metaverse stands for — it makes the internet more conversational,” Kunal Lunawat co-founder and managing partner at Agya Ventures, a real estate tech focused fund, told Yahoo Finance. Lunawat envisions the next version of the internet, or metaverse, will give retail brands the opportunity to create a… Source link

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased moderately in February as more expensive gasoline and food forced households to cut back spending on other goods like furniture, electronics and appliances, which could restrain economic growth this quarter. The report from the Commerce Department on Wednesday, however, showed the rebound in sales in January was much stronger than initially estimated. Record gasoline and high food prices are hitting lower-income households… Source link

Retail investors that played a significant role in the stock market’s overall performance during the first two years of the pandemic are now witnessing the pitfalls of market volatility, former TD Ameritrade Chairman and CEO and Coastal Carolina University Executive Director of Football Joe Moglia told Yahoo Finance Live in a recent segment. “I think the typical retail investor that is not disciplined, is not thinking strategically. I think they’re in a turmoil,” he said. “They’re… Source link

A staff member works during preparations for the reopening of a Fnac store in Paris as part of an easing of the country’s lockdown restrictions amid the coronavirus disease (COVID-19) outbreak in France, May 18, 2021. REUTERS/Sarah Meyssonnier/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 23 (Reuters) – French retailer Fnac Darty said on Wednesday it entered into a new partnership with tech giant Google (GOOGL.O), as it seeks to improve its online services. Under… Source link

Stocks dipped Wednesday after jumping a day earlier when an apparent deescalation of Russian advances in Ukraine helped boost U.S. equities. Investors also eyed a fresh print on the state of consumer spending in the Commerce Department’s latest retail sales report, which showed a larger-than-expected rebound in consumption at the start of the year. The S&P 500 edged down. On Tuesday, the index closed higher by 1.6% in its first rise in four sessions. The jump came amid an announcement from… Source link

In the most recent edition of ESM, we spoke to a number of retailers across Europe about some of the technological innovations they have implemented into their businesses over the past year. Here, we chat to Artem Fokin, head of business development for Russia’s Yandex Self-Driving Group, about its plans to develop autonomous delivery alongside Majid Al Futtaim in Dubai. Yandex Self-Driving Group announced in November that it had signed a memorandum of understanding with Majid Al Futtaim,… Source link

U.S. stocks recorded their worst January since the financial crisis and retail investors saw the downturn as an opportunity to buy the dip. Mom- and pop- investors led purchases of U.S. equities during the month, while institutional investors such as hedge funds sold off assets, according to fresh data from Bank of America. BofA’s retail clients were the biggest dip-buyers last month, posting inflows into stocks in each of the last four weeks. January inflows are typically led by retail… Source link

Amazon’s (AMZN) stock has had a rough 12 months. While the S&P 500 has gained as much as 24% and Microsoft (MSFT) has jumped 48%, Amazon’s stock has risen just 4%. But at least one analyst believes the stock is set for a rebound in the second half of 2022. “This is a company that faced a lot of inflation and supply chain risks in the back half of the last year,” Evercore ISI’s Mark Mahaney told Yahoo Finance Live. “I think all of those will be absorbed into the business model or… Source link

Momentum is growing to restrict stock trading by members of Congress and their spouses, as retail traders have been tracking politician trades and their performance.  On Wednesday, Senators Jon Ossoff (D-GA) and Mark Kelly (D-AZ) introduced a bill, barring members of Congress and their immediate families from trading while in office. On the same day, Senator Sen. Josh Hawley (R-MO) announced he is introducing a similar measure.  “It’s awesome to see Republicans and Democrats on both sides… Source link

KANSAS CITY, Mo. — Staff members who operate retail stores for Google Fiber internet in Kansas City, Missouri, have begun the formal process to form a union. This week, 10 of the 11 eligible employees filed a request to hold a union vote with the National Labor Relations Board. The group is organizing under the Alphabet Workers Union which formed one year ago under the Communications Workers of America. Alphabet owns Google. Eris Derickson works at the Google Fiber retail store near West… Source link