Tag: retail

Dollar General is seeking to continue providing value to customers during times of economic difficulty by expanding its grocery business, CEO Jeff Owen explained. Owen admitted that the retailer could be doing more in terms of evolving to better meet current consumer needs. While Dollar...

Computing giant HP Inc. decided to lower its annual profit outlook on Thursday following what has been a year-long decline in the PC retail segment with a particularly stark decline in shipments to China. Shares in the company slumped by 10.7% during premarket trading...

Shares in U.S. electronics store giant Best Buy rose by 1% during premarket trading on Tuesday. This comes after the company reported a smaller-than-expected decline in quarterly comparable sales. Best Buy's comparable sales declined by 6.2% over the course of the second quarter, narrowly...

Nordstrom stocks rose by 6% after trading closed on Thursday after the retailer's quarterly earnings beat Wall Street expectations. The company's strong financial performance came despite a rise in vanishing merchandise and theft, which is affecting U.S. retailers at large. "Losses from theft are at...

Kohl's reported on Wednesday that profits and sales in the second quarter declined as the department store chain continues to struggle with the downward trend in consumer spending. Still, its results beat Wall Street expectations, with stocks in the company rising by over 2%...

U.S. big box stores have experienced an upward surge in incidents of theft over the past financial quarter, suffering further inventory shrinkage as a result. This problem is compounded by other incidents such as organized crime, damage, vendor fraud, and lost items. Home Depot, Target,...