Walmart’s E-Commerce Surge Continues in Q3
“We’re convinced that most of the [shift to online shopping] will persist beyond the pandemic," CEO Doug McMillon says.
Digital Sales Surge Fuels Nike Earnings Beat
“We know that digital is the new normal. The consumer today is digitally grounded and simply will not revert back."
Walmart Online Sales Grow Record 97% in Q2
The surge in e-commerce reflects shifting shopping habits amid the coronavirus pandemic and helped power a 9.3% gain in Walmart's same-store sales.
Walmart Partners With Instacart for Same-Day Grocery Delivery
The partnership’s initial launch will be available across four markets in California and Oklahoma.
Gap’s Pandemic Pain Worse Than Expected
The troubled retailer said its online growth "leaves us well-positioned to fuel our brands going forward" but its shares sank 5.5%.
FedEx CFO Alan Graf to Retire After 22 Years
Treasurer Mike Lenz will replace Graf as FedEx faces the challenge of adapting to increased ecommerce deliveries.
Albertsons Files for IPO, Shows Sales Growth
“We are proud of the progress we have made over the past few years, and believe we have a long runway for growth ahead of us."
Black Friday Online Sales Reach Record $7.4B
Consumers made $2.9 billion in purchases from their smartphones, a record for mobile sales.
EBay CFO Schenkel Steps in After CEO Resigns
“In the past few weeks it became clear that I was not on the same page as my new board,” CEO Devin Wenig tweets.
Shopify Buys 6 River to Boost Robotics Business
The e-commerce platform believes 6 River's Chuck robots will increase the speed and reliability of its AI-powered fulfillment network.
Lego Posts 6% Sales Gain, Plans More Stores
The toy maker is investing in its retail and digital businesses to "create a strong foundation from which to grow in the long term."