Retail Industry

The Latest

  • Home Depot Beat Estimates As Investments Start To Pay Off
    Home Depot Earnings
    Home Depot's fiscal fourth-quarter earnings managed to beat analysts' estimates partly due to its strong holiday performance and above-average appliance sales.
  • British Retailer Tesco Completes China Exit With $357 Million Stake Sale
    Tesco China
    Tesco has sold its remaining stake in its Chinese joint venture company to its state-owned partner China Resources Holdings for $357 million.
  • Costco Acquires New Property For Second Store In China
    Costco Wholesale Corp
    Costco, through its wholly-owned subsidiary Pudong Warehouse Development Limited, was able to win a $128 million bid for a parcel of land located in the Kangqiao industrial area of Shanghai's Pudong district.
  • Alibaba Group Beat Analysts' Estimates For Latest Quarter Earnings
    Alibaba Group
    The surge in the company's sales in its fiscal third-quarter ending in December was bolstered by its record sales during the Single's Day shopping festival.
  • Bed Bath & Beyond Shares Dip As Sales Numbers Continue To Decline
    Bed Bath & Beyond
    Bed Bath & Beyond's share prices tumbled by more than 17 percent following worse-than-expected sales numbers for both December and January.
  • Simon Property Group To Buyout Taubman Centers In $3.6 Billion Deal
    Simon Property Group
    Simon Property Group has agreed to acquire Taubman Centers, paying it $52.50 per share, in a deal with an estimated value of $3.6 billion.
  • US Retail Industry Braces For More Bankruptcies in 2020
    Forever 21 Bankruptcy
    The U.S. retail industry continues to see a run of bankruptcies as competition from online retailers rage.
  • India Minister Publicly Scoffs At Amazon's $1 Billion Pledge
    Amazon India
    Indian trade minister Piyush Goyal mentioned that Amazon's $1 billion investment isn't doing the country any favors given how much it has managed to disrupt its retail industry.
  • Tesco's $10 Billion Thailand Deal Under Threat From Regulatory Action
    Tesco Asia
    Tesco's plan to sell its close to 2,000 stores in Thailand and Malaysia could be facing a big hurdle as Thailand's anti-competition regulators have stepped in to ensure that the deal doesn't break any laws.
  • Target Reports Disappointing 2019 Holiday Season Sales
    Target Holiday Earnings
    Target's worse-than-expected 2019 holiday season sales managed to result in a drop in its share prices.
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