Amazon to Spend $700 Million to Upskill Employees
The retail and tech giant will expand its training programs to help employees move into more advanced roles.
Flower Delivery Service FTD Files Bankruptcy
The company says its finances have wilted as the expected benefits from its $430 million acquisition of ProFlowers have not materialized.
Blackstone Buys GLP Warehouse Properties
The $18.7 billion deal is a bet on the future of e-commerce and logistics growth.
J.Jill ‘Disappointed’ with First Quarter Financial Results
The retailer fell short on earnings and revenue last quarter and same-store sales dropped more than 3%.
Walmart Gets Big Sales Boost From E-Commerce
"Walmart is now a major competitive force in e-commerce and is capable of capturing shopper share from Amazon and others.”
Retail Sales Tumble in December
U.S. retail sales in the all-important holiday month recorded its biggest drop in more than nine years.
Amazon Posts Record Earnings But Stock Falls
“The question for investors now is if Amazon can grow profits fast enough to make up for slowing revenue growth."
Activist Fund Urges ‘Immediate’ Change at eBay
eBay's shares rose 6% after Elliott Management disclosed a 4% stake in the company and unveiled a plan to unlock strategic value.
U.S. Holiday Sales to Pass $1 Trillion Milestone
A report by eMarketer predicts a 6% surge to $1.002 trillion in holiday spending this year, the biggest gain since 2011.
Costco Warns of Material Weakness in Controls
The warning related to IT systems that "support the company’s financial reporting processes" drove Costco's stock down 2.4%.
Digital Sales Power Williams-Sonoma Growth
The retailer's e-commerce revenue increased 8.9% in the second quarter and the channel accounted for 53.9% of total sales.