Tag: Retail – Discretionary

Symbotic said on Thursday it would buy Walmart’s robotics business for $200 million in cash to help expand the retailer’s automated supply chain, sending shares of the warehouse robotics firm up 20% in premarket trading.

Cartier owner Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods.

Αύξηση 6,3% κατέγραψαν οι πωλήσεις του Ομίλου Jumbo κατά τη διάρκεια του 2024, σε σχέση με το 2023, ξεπερνώντας την αναθεωρημένη πρόβλεψη που είχε θέσει η διοίκηση, για ελάχιστη αύξηση των πωλήσεων 4%.

Amazon is gearing up to relaunch its Alexa voice-powered digital assistant as an artificial intelligence “agent” that can complete practical tasks, as the tech group races to resolve the challenges that have dogged the system’s AI overhaul.

Macy’s Inc. issued a slightly more downbeat outlook for sales in the current quarter, a sign that executives might have been too optimistic about their expectations for a solid holiday shopping season. America’s largest department-store operator said it’s forecasting net sales in the current quarter to be at or slightly below the $7.8 billion to $8 billion executives were expecting as of last month.

Amazon said it is halting some of its diversity and inclusion initiatives, joining a growing list of major corporations that have made similar moves in the face of increasing public and legal scrutiny.

Last year, Macy’s announced it was closing 150 underperforming stores by 2026, shrinking its footprint to about 350 locations when the plan is finished. The 66 store closings revealed Thursday are included in that multiyear initiative. But, until now, Macy’s had not publicized which stores were set to close.

Περίπου 20 χρόνια μετά από την αποεπένδυση του από την εισηγμένη Elmec Sport, ο επιχειρηματίας Σάμι Φάις επιχειρεί την επανεμφάνιση του στο ελληνικό χρηματιστήριο, με διαφορετικό ασφαλώς χαρτοφυλάκιο αλλά ίδιο αντικείμενο, καθώς έχει πλέον συγκροτήσει έναν εμπορικό όμιλο με αποτύπωμα στο εγχώριο εμπόριο.

Cosmetics retailer Ulta Beauty on Monday forecast a strong fourth quarter and said insider Kecia Steelman will replace retiring CEO Dave Kimbell in the top role, sending its shares up 1.5% in extended trading.

Thousands of Amazon workers have ended their days-long strike against the company, according to the Teamsters union. But tensions persist, with the union saying its efforts aren’t over.

U.S. retail sales rose 3.8% between Nov. 1 and Dec. 24, as intense promotion to drum up sales in what was expected to be a highly competitive holiday season for retailers prompted last-minute shopping among consumers.

Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.

Universal Music Group NV, the world’s largest record label, expanded its global partnership with Amazon.com Inc’s premium music service to boost fan engagement and fraud protection 

Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush as workers protest what they say is the retailing giant’s unfair treatment of its employees.

Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush, aiming to pressure the retailer into contract talks with their union.

Shares of RH climbed after the furniture retailer guided for revenue growth in the fourth quarter after swinging to a profit on improved demand levels in its latest quarter.

Macy’s on Wednesday cut its annual profit forecast, sending shares down 10% as weak demand at its nameplate stores clouds its expectations for the crucial holiday shopping season.

Στην καλή πορεία των οικονομικών αποτελεσμάτων κατά τον μήνα Νοέμβριο αναφέρεται σε ανακοίνωσή του ο Όμιλος Jumbo, παρά τις αντίξοες συνθήκες στο οικονομικό περιβάλλον.

Walmart Inc., Amazon.com and fast-growing e-commerce sites Shein and PDD Holding’s Temu saw record-breaking sales on Black Friday and Cyber Monday, according to spending data, suggesting that they may finish the holiday season on a much stronger note than Target and Best Buy which struggled.

Ulta Beauty on Thursday beat Wall Street’s fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skin care.