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Liu Qiangdong Steps Down From Key Positions In JD Parent Company
Liu Qiangdong will be resigning as the general manager, legal representative, and executive director of JD parent company Beijing Jingdong Century Trading Co. Liu Qiangdong will be resigning as the general manager, legal representative, and executive director of JD parent company Beijing Jingdong Century Trading Co. -
US Furniture Retailer Wayfair Reports Massive Surge In Sales
Share prices of online retailer Wayfair surged by more than 37 percent after it reported a massive increase in sales over the past couple of months. Share prices of online retailer Wayfair surged by more than 37 percent after it reported a massive increase in sales over the past couple of months. -
Kroger Reports 30 Percent Sales Surge, Takes Out $1 Billion Loan
Kroger reported a massive 30 percent surge in sales last month as people flock to its offline and online outlets to stock up on essentials goods. Kroger reported a massive 30 percent surge in sales last month as people flock to its offline and online outlets to stock up on essentials goods. -
Nike To Close All Stores In US And Several Other Outlets Abroad
Nike will be closing all of its 350 stores in the United States and several others abroad for 12 days starting this Monday. Nike will be closing all of its 350 stores in the United States and several others abroad for 12 days starting this Monday. -
Lowe's Q4 Results Misses Estimates, 2020 Forecast Lower Than Expected
Lowe's expects its turn around strategy to take at least an additional year, which is why it had decided to report a relatively conservative forecast for its fiscal 2020 earnings. Lowe's expects its turn around strategy to take at least an additional year, which is why it had decided to report a relatively conservative forecast for its fiscal 2020 earnings. -
Amazon Launches First Cashier-Less Supermarket In Seattle
Amazon has officially launched its first full-sized 10,400-square foot cashier-less supermarket concept just a stone's throw away from its headquarters in Seattle, Washington. Amazon has officially launched its first full-sized 10,400-square foot cashier-less supermarket concept just a stone's throw away from its headquarters in Seattle, Washington. -
British Retailer Tesco Completes China Exit With $357 Million Stake Sale
Tesco has sold its remaining stake in its Chinese joint venture company to its state-owned partner China Resources Holdings for $357 million. 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, 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. 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. -
Kraft Heinz Stocks Fall Amid Poor Sales Numbers In Q4 2019
Kraft Heinz's stock prices fell by 8 percent following the release of its fourth-quarter earnings results on Thursday. Kraft Heinz's stock prices fell by 8 percent following the release of its fourth-quarter earnings results on Thursday. -
Bed Bath & Beyond Shares Dip As Sales Numbers Continue To Decline
Bed Bath & Beyond's share prices tumbled by more than 17 percent following worse-than-expected sales numbers for both December and January. Bed Bath & Beyond's share prices tumbled by more than 17 percent following worse-than-expected sales numbers for both December and January.