Tag: retail

Target shares rose by 8.5% in premarket trading on Tuesday after the retail giant released its earnings report for 2023. The company's net sales were $31.9 billion, thereby exceeding analysts' estimates of $31.38 billion. Gross profit came in at 25.6%, eclipsing the 22.7% in...

Spanish retail company Zara founder Amancio Ortega has purchased an Amazon Logistics Center in Dublin, Ireland for 225 million euros ($245 million), his investment firm Pontegadea confirmed. This is Ortega's first logistics real estate investment in Ireland. The investment house did, however, buy a...

Sony reported its third-quarter earnings on Thursday, with its operating profit falling 29% to 263 billion yen ($1.74 billion). This missed estimates of a 306 billion yen profit from 10 analysts polled by LSEG. This slump appeared to mostly stem from a 38% decline in...

U.S. retail sales grew in September, beating forecasts as consumer spending remains resilient in the face of a slowdown. Retail sales increased by 0.7% compared to August, thereby outpacing estimates of a 0.1% rise compiled by Bloomberg. August sales were revised upwards to 0.8%...

Online retail giant Amazon.com has lowered its threshold for free grocery deliveries in an effort to boost its food business. The company is now offering free deliveries to customers who spend $100 or more on groceries, lowering its threshold from a previous level of...

While a recent slowdown in consumer spending has threatened to curtail U.S. retail sales, Nike's first quarter fiscal earnings indicated that the world's largest sporting retailer has been largely unphased. Sales in the US fell by a marginal 2%, with the company making no...