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Pressure to pass added costs on to consumer will rise as retailers deplete inventories, especially as the peak sales season at the end of the year approaches.
Shares of Walmart ( WMT) were down 5.0% in early trading on Thursday. Target ( NYSE: TGT) shed 1.7% and Costco Wholesale ( NASDAQ: COST) traded 2.1% lower. Dollar General ( DG) was 1.6% lower in early ...
The world’s biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street’s $175.9 billion target.
US stocks open lower after a rare earnings miss from Walmart and comments from the Kansas City Fed chief that sow doubt for September rate cut.
Sony’s $50 price hike in the US hasn’t gone into effect yet on PlayStation’s website or at other retailers like Best Buy, Walmart, Target, and GameStop. [Link: Sony is raising PS5 prices, starting tom ...
Walmart on Thursday raised its fiscal year sales and profit forecast, driven by strong demand from shoppers across all income ...
Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI.
The company marked a milestone in May — posting its first profitable quarter for its e-commerce business in the U.S. and globally.
Now, investors have another wrinkle to consider. On Wednesday, Target replaced its CEO of 11 years, Brian Cornell — a shakeup ...
Walmart's gross profit rate improved to 24.5% from 24.4%. This is a key metric for Walmart in the current political environment, given the company's previous comments that it couldn't absorb the full ...
Sony announced a round of sweeping price cuts to its entire PlayStation 5 console family, but you can still get a PS5 at the old MSRP or even cheaper.
Walmart is reporting higher profits and sales as it pulls in shoppers seeking low prices for groceries and other essentials.
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