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Best Buy Forecasts Better-Than-Expected Sales Ahead of Holiday Season

U.S. retail giant Best Buy announced on Tuesday that it has forecasted a smaller-than-expected drop in sales ahead of the busy holiday season. While the big box store previously forecasted an 11% drop in full-year comparable sales, it now estimates a 10% sales decline. The...

Walmart Shares Rise Following Better-Than-Expected Earnings Report

Walmart shares gained 5% in premarket trading on Tuesday after the retail giant forecast a smaller fall in profit than analysts expected. Despite recent price hikes amid the United States inflation struggles, Walmarts' discounts on clothing and electronics have assisted to attract U.S. shoppers...

Home Depot Workers Vote Against Unionization

The U.S. National Labor Relations Board (NLRB) confirmed on Saturday that retail workers of Home Depot Inc have voted against forming a union at a location in Philadelphia, Pennsylvania. 165 employees at the store voted against joining the independent union Home Depot Workers United,...

Costco Stocks Sold En Masse Ahead Of Quarterly Earnings Report

Costco's stock has been placed under mounting pressure as it attempts to remain stable at the 500 level. This comes as the retail giant is set to release its quarterly earnings report on Thursday. While the stock has been largely sold off by investors, Costco...

BeautyHealth To Double Size Of Business By 2025

BeautyHealth announced on Thursday its intention to double the size of its business by 2025. The company expects to do so primarily by tapping into the rising demand for its HydraFacial skin treatment devices. "BeautyHealth sits at this really exciting intersection of large and growing...

Pernod Ricard Posts Stronger-Than-Expected Full Year Profit

Spirits group Pernod Ricard posted better-than-expected financial results for the 2021/22 fiscal year, with its operating profit rising by 19%. While the environment remains volatile due to rising inflation, COVID-induced factory shutdowns in China, and the Ukraine crisis, Pernod Ricard still expects what it...