"In terms of our outlook, we are not providing formal guidance at this time," said GameStop after releasing its second quarter results.
Customers in areas of Brooklyn, Queens, and the Bronx will be able to have Walmart groceries delivered or collected from stores outside the city.
Walmart allowed vaccinated shoppers and employees to stop wearing masks in stores on May 14. But stores must follow local and state health guidelines.
Sales of apparel and home goods items increased, helping Target gain more than $1 billion in market share during first quarter.
Bed Bath & Beyond shares were under pressure after the housewares retailer posted a 16% fall in first-quarter sales, missing Wall Street's target.
GameStop fell after the video game retailer filed a regulatory plan under which it may offer and sell millions of shares to fund its turnaround.
Stores with more than 500 employees would be required to remove gender-specific signage if the proposed bill is passed in California.
Walmart said it will raise pay for 425,000 frontline workers due to strong US sales. Some associates will receive pay boost to at least $US13, but the minimum wage will not change. Amazon, Target, and Costco raised minimum wages to $US15 over the last few years. Visit the Business section […]
Some associates will receive pay boost to at least $13, but Walmart's $11 minimum wage will not change.
GameStop soared as much as 20% on Thursday as more short-sellers closed positions and ran for the exit. The company’s Monday announcement that it would add activist members to its board kicked off a rally that’s left shareholders cheering and squeezed shorts out of their bearish bets. The scale to […]
British retailer Marks & Spencer (M&S) posted a half-year pre-tax loss of £87.6 million ($US114.0 million). Sales of clothing and homeware, which usually account for a third of its UK retail revenues, plunged during the pandemic. It’s the first half-year loss for M&S in 94 years. But M&S said the […]
Retailer G-Star Raw Australia went into administration in May. Administrators EY have been unable to find a buyer for the company, meaning all 57 of its outlets had to close. Around 200 jobs will be lost as a result. Visit Business Insider Australia’s homepage for more stories. G-Star Raw Australia […]
Gap Inc. will use its factory resources to make personal protective equipment for healthcare workers. The retailer announced via Twitter that it would “pivot resources so factory partners can make masks, gowns & scrubs for healthcare workers on the front lines.” Gap Inc. announced the temporary closures of its company […]
A Costco employee at the company’s Issaquah offices reportedly died after testing positive for the coronavirus. The corporate office did not close and employees are still expected to come into work, Buzzfeed reported. Costco declined to comment for this story. Visit Business Insider’s homepage for more stories. Costco’s Issaquah, Washington […]
Dick’s Sporting Goods fell nearly 7% early Tuesday after giving a weak 2019 sales outlook. The report signalled continued weakness in the sector, with rival Modell’s Sporting Goods announcing the hiring of a restructuring adviser. Watch Dick’s Sporting Goods trade live. Dick’s Sporting Goods narrowly beat consensus estimates for fourth-quarter […]
Nordstrom‘s second-quarter results beat on both the top and bottom lines, sending shares up more than 11%. “We expect 2Q will be the strongest quarter in 2018,” analysts from Morgan Stanley said. Morgan Stanley raised its price target to $US47 – 11% below where shares settled Thursday. Watch Nordstrom’s stock […]
David Jones is reported to be considering an offer for rival Myer. Myer sales have been sliding in an increasingly competitive retail environment. David Jones is said to have appointed advisers to help look at a deal. Shares in department store Myer jumped following a report of a possible acquisition […]