Tag Archives: retailers

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 19, 2022 Today’s newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz. Yesterday, Target’s (TGT) earnings were a huge whiff. The stock market did not care for this news, and equities across the board tanked with the S&P 500 turning in… Source link

Retail theft is soaring across the U.S., with large chains like Best Buy (BBY) and Walgreens (WBA) beset by increasingly brazen and widespread instances of shoplifting that’s hurting their bottom lines. In recent weeks, reports of “smash and grab” robberies in major cities — featuring crowds of thieves making it off with electronics, clothing and footwear, have flooded social media.  Security experts cite a litany of reasons including fallout from the COVID-19 pandemic, overwhelmed law… Source link

The chicken wars are still raging — and Beyond Meat (BYND) is leaping into the fray with its own plant-based spin on the white hot food trend.  On Monday, the plant-based meat company announced that, after a successful foodservice launch earlier this summer, Beyond Chicken Tenders will be available to purchase at select retailers nationwide, beginning next month.  The new offering, which comes pre-cooked and ready-to-heat in an air fryer, oven or microwave, will retail for $4.99 and joins… Source link

Working the way we once did will never be the same thanks to COVID, and the result can be seen everywhere from fast-food restaurants to the shops at the mall. Companies are having trouble hiring people, and the labor shortage is big news everywhere –– which presents a major problem as the busy holiday season draws closer. Some affected companies are taking an innovative approach to lure people back, offering everything from tuition assistance to free Teslas. While some of these tactics… Source link

There may be a budding consumer spending slowdown underway at the hands of COVID-19 Delta variant fears, but that isn’t stopping some household name retailers from reinstating the dividends and buyback plans they scrapped at the height of the pandemic.  For some analysts on the Street, the moves make total sense.  “I wouldn’t say that anyone [retailer] returning cash is all of a sudden better off than they were before, but I think they are realizing that they did a good job. They put as much… Source link

Shopping for a new outfit or enjoying a cup of coffee outside of one’s home is about to start resembling life before the COVID-19 pandemic.  Last week, the Centers for Disease Control and Prevention (CDC) surprised corporate America (and reportedly President Joe Biden) by saying those who are fully vaccinated are allowed to go maskless in most places. That includes indoors.  The CDC has put America’s biggest companies in a tough spot seeing as the decision does not override state and local… Source link

Integration allows omnichannel retailers to automate ads and real-time inventory levels directly from the Lightspeed platform                            MONTREAL, May 11, 2021 /PRNewswire/ – Lightspeed (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, announced today it will integrate Google tools directly into its platform, to help independent businesses globally as they safely re-open and expand their in-store capacity…. Source link

The EU and the UK are set to open probes into Nvidia’s $40bn acquisition of chip designer Arm, Microsoft looks to capitalise on Google’s threat to shut its search engine in Australia, and Mario Draghi accepts the mandate to form Italy’s next government. Plus, the FT’s retail correspondent, Jonathan Eley, explains how bargain retail is surging during the pandemic.  UK and EU to open in-depth probes into Nvidia’s $40bn acquisition of Arm

By Paresh Dave and Munsif Vengattil (Reuters) – Google parent Alphabet Inc on Tuesday topped quarterly sales expectations for its advertising and Cloud businesses, helped in part by the pandemic, and said it will resume big spending on hiring and facility construction. Alphabet shares jumped about 8% to $2,067 in extended trading. Google, which generates more revenue from internet advertising than any other company, benefited from lockdowns that drove retail and other clients online, helping… Source link

(Reuters) – Google parent Alphabet Inc on Tuesday topped quarterly sales expectations for its advertising and Cloud businesses, helped in part by the pandemic, and said it will resume big spending on hiring and facility construction. FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration Alphabet shares jumped about 8% to $2,067 in extended trading. Google, which generates more revenue from internet advertising than any… Source link