After Walmart‘s earnings report impressed Wall Street on Tuesday, CEO Doug McMillon told CNBC’s Jim Cramer that his company has unique advantages in the advertising space. “When you grow your digital reach, and you’ve got an e-commerce business that’s scaling like ours is,” McMillon said, “You get an opportunity to sell advertisements, and we can … Read more
Vizio televisions are displayed at a store on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty Images Walmart has agreed to buy TV maker Vizio, the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. … Read more
The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico January 15, 2020. Luis Cortes | Reuters Home Depot on Tuesday said quarterly sales declined nearly 3% year over year, but it surpassed Wall Street’s earnings and revenue expectations despite the cooler demand. The home improvement retailer said it expects … Read more
A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023. Dustin Chambers | Bloomberg | Getty Images Walmart will report its holiday quarter results on Tuesday morning, as investors try to get a clearer picture of what the year ahead holds for retailers and the U.S. economy. Here’s what Wall Street analysts expect, according to … Read more
The best-performing stock of the past three decades is not one of the tech titans you’d assume. It’s actually an energy drink company: Monster Beverage. Monster’s stock has climbed for decades, along with sales, which have grown consistently for 31 years straight. Between Feb. 14, 1994, and Wednesday, Monster’s stock appreciated by about 200,000%. That … Read more
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses â even at some companies that are turning a profit. Barbie maker … Read more
A young man holds a credit card and uses a laptop for online shopping. Diy13 | Istock | Getty Images Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to Affirm Chief Financial Officer Michael Linford. The fintech firm uses the hour a consumer attempts … Read more
A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. The Beaverton, Oregon-based sneaker giant said it … Read more
Illustration by Christina Locopo Retail has seen unprecedented upheaval over the last several years. Some of the industry’s key decision-makers expect even more evolution ahead. Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave way to excess inventory levels and shifting consumer demands amid persistent inflation. Those disruptions accelerated transformations in the … Read more
The exterior of Starbucks’ new Union Market location Source: Starbucks Starbucks has unveiled a new store design focused on accessibility and inclusion, with fresh light fixtures and open floor plans. The coffee giant opened the first location with the new design on Friday in Washington, D.C.’s Union Market. “Designing for disabilities is just good design … Read more
