Retail

Costco Shares Surge As Coronavirus Outbreak Causes Stockpiling Rush

by Josefine Fokuhl | March 2, 2020 | Retail, Stocks | 0 Comments

After the coronavirus outbreak reached the U.S. nervous customers started loading up on goods, which caused Costco Wholesale Corporation's (NASDAQ: COST) stock to climb. Stock of the wholesale Chain was up 6% in the stock market today. Costco is...

Disney Shares Fall After CEO Iger Announces to Step Down

by Josefine Fokuhl | February 26, 2020 | Retail, Stocks | 0 Comments

The Walt Disney Company (NYSE: DIS) Board of Directors announced that Robert A. Iger is stepping down from his position as CEO after 15 years, effective immediately, and the Company’s shares started tumbling. “With the successful launch of...

Simon Property Group to Acquire REIT Taubman Centers

by Josefine Fokuhl | February 11, 2020 | Real Estate, Retail, Stocks | 0 Comments

On Monday, Simon Property Group Inc. (NYSE: SPG) announced it has agreed to acquire real-estate investment trust Taubman Centers Inc. (NYSE: TCO) in an all-cash deal valued at USD 3.6 billion. Taubman shares surged 53% early Monday. This year,...

Macy’s Announces Three-Year Strategy to Stabilize Profitability

by Josefine Fokuhl | February 5, 2020 | Retail, Stocks | 0 Comments

Today, Macy’s Inc. (NYSE:M) announced its new three-year strategy to stabilize profitability and lead the fashion retailer to growth. The Polaris strategy follows a time when Macy’s struggled under declining mall traffic, caused by the rising...

Goldman Considers Small-Business Loans Deal With Amazon

by Josefine Fokuhl | February 3, 2020 | Financial Sector, Retail, Stocks, Technology | 0 Comments

Goldman Sachs Group, Inc. (NYSE: GS) is negotiating with Amazon.com, Inc. (NASDAQ: AMZN) about offering small- and medium-sized businesses loans in the United States on the e-commerce Company’s lending platform, reported the Financial Times this...

Trans World Entertainment Announces Plans to Sell FYE Chain for USD 10 Million

by Josefine Fokuhl | January 23, 2020 | Retail, Stocks | 0 Comments

The Trans World Entertainment Corporation (NASDAQ:TWMC) announced today that its board of directors has agreed to sell the For Your Entertainment (FYE) segment for USD 10 million in cash to Sunrise Records and Entertainment Ltd. in Canada. The...

PayPal to Acquire Honey Science Corporation

by Danny Abramov | January 7, 2020 | Financial Sector, Retail, Stocks, Technology | 0 Comments

PayPal Holdings, Inc. (NASDAQ: PYPL) announced that it has completed the acquisition of Honey Science Corporation, the online shopping tool, for roughly $4 billion in cash. PayPal intends to expand its appeal with this transaction, while...

SmileDirectClub, Inc. Announced Products Available Exclusively at Walmart

by Danny Abramov | January 6, 2020 | Healthcare & Biotechs, Retail, Stocks | 0 Comments

SmileDirectClub, Inc. (NASDAQ: SDC) today announced that a suite of affordable yet premium oral care products will be available exclusively at Walmart Inc. (NYSE: WMT) stores on Walmart.com. SmileDirectClub is the first provider of clear aligner...

RH Shares Soar on Earnings Beat and Revised Guidance

by Bryan Shin | December 5, 2019 | Retail, Stocks | 0 Comments

RH (NYSE: RH), formerly known as Restoration Hardware, reported its third quarter financial results on Wednesday during extended trading hours. The Company topped earnings and revenue estimates, sending shares higher by 10.3% on Thursday. For...

Shopify Shares Pop on Record-Breaking Black Friday and Cyber Monday Sales

by Bryan Shin | December 3, 2019 | Economics, Economics/ Global, Retail, Stocks, Technology | 0 Comments

Shopify (NYSE: SHOP) shares popped 5.7% on Tuesday during late trading sessions after the Company reported record-breaking Black Friday and Cyber Monday sales. The Company highlighted that over one million merchants sold delivered revenues of...