Gap Slides In After-hours Trading Due To CEO Ouster
As the retail sector struggles, and consumers move to get more value from their dollars in an inflation-afflicted economy, retailer Gap (GPS) just keeps getting hit by bad news. As…
Trends Make The Portfolio
As the retail sector struggles, and consumers move to get more value from their dollars in an inflation-afflicted economy, retailer Gap (GPS) just keeps getting hit by bad news. As…
In a collapsing retail sector, Costco has proven one bright shining light. As consumers labor under the increasing pressures of inflation, they are choosing to consolidate shopping trips into one…
According to Wells Fargo, retail fundamentals just keep getting worse, and they are saying it may mean the current spending slowdown has not been fully appreciated by investors and priced…
Nikkei is reporting that Softbank-owned Fortress Investment Group has made an offer of about 200 billion yen ($1.48 billion) to parent company Seven & i Holdings for Japanese department store…
Bed Bath & Beyond’s new CEO is out the door after the company’s performance declined even more under his tenure. The company stated Wednesday that CEO Mark Tritton will leave…
Target issued a warning to investors on Tuesday, saying its profits are going to take a short-term loss as it adjusts its inventory and supply chain, getting rid of unwanted…
Kohls has entered into exclusive negotiations with retail holding company Franchise Group, which is looking to purchase the retailer at a price of $60 per share, valuing the retailer at…
Walmart Inc. is committing to build four automated ecommerce warehouses to speed deliveries, hiring about 4,000 workers, and making extensive use of an automated system to facilitate processing of orders.…
During the pandemic, as shortages stripped items from the shelves of normal grocery stores, warehouse stores like Costco and Sam’s Club became lifelines, reliably stocking items which routinely sold out…
Strong consumer spending, likely augmented by consumers seeking to maximize their value in a market wracked by high inflation, drove Costco quarterly revenue and profit estimates beyond Wall Street expectations.…