Best Buy Laying Off More Workers To Adjust To Increasing Digital Sales
As Best Buy Co looks to cut its costs and shift its business to capitalize on increasing online sales, the retailer is cutting jobs across the country. According to people…
Walmart To Close Four Of Eight Chicago Stores
After closing its last two stores in the city of Portland, some have speculated due to retail losses from rampant thefts combined with increased costs for loss prevention, Walmart has…
Retail Theft Costing Hundreds Of Millions In Profits – Target CFO
Target (TGT) CFO Michael Fiddelke says inventory shrinkage due to organized theft is affecting retail companies’ bottom-lines, evaporating hundreds of millions of dollars of profits per year. In an interview…
Charlie Munger Still Loves Costco Stock
Billionaire Charlie Munger is singing the praises of one of his favorite stocks, and Yahoo Finance’s 2022 Company of the Year, Costco (COST). On Wednesday, during The Daily Journal’s annual…
Walmart To Close Three US Technology Hubs
On Monday, a Walmart company spokesperson, in a statement to Reuters news service, revealed that the retail giant will close three of its US technology hubs, requiring hundreds of employees…
Bed Bath & Beyond Closes Harmon Outlets To Save Cash
Bed Bath & Beyond is making a last desperate effort to conserve cash in what many analysts think may be its last days. Yahoo Finance is reporting a source told…
Bed Bath Beyond Looks To Bankruptcy, Stock Craters
Bed Bath & Beyond (BBBY) said in a statement Thursday that the company may need to resort to bankruptcy as it seeks to shore up a shaky balance sheet and…
Bed Bath & Beyond May Not See Next Year’s Holiday Season
One of Bed Bath & Beyond’s most vocal critics on Wall Street is predicting the retailer may have seen its last Christmas season this year, and will liquidate sometime next…
Best Buy Likely Had A Bad Holiday Season
One analyst is arguing Best Buy (BBY) may not have done as well this quarter as some might think. Despite slightly outperforming the S&P 500 for December, the retailer faced…
US Retail Sales Up 7.6% Over Holiday Season
Between Nov. 1 and Dec. 24, which comprised a majority of the holiday season, US retail sales were up 7.6%, as price-conscious customers hunted deals among steep discounts, according to…
