Etsy Buying Musical Instrument Marketplace Reverb
The online marketplace is paying $275 million in cash for the music seller, which will continue as a standalone company.
Alibaba Boosts Stake in Chinese Bank to 4.8%
The e-commerce giant joins rival Tencent in becoming a major CICC shareholder as both firms eye opportunities in fintech.
Amazon Looms Over Albertsons-Rite Aid Deal
The grocery store operator and the drugstore chain are combining to create a retailer with 4,350 pharmacy counters and $83 billion in annual revenue.
Barnes & Noble Same-Store Sales Slide 4.4%
The bookseller's Q1 loss narrowed to $10.8 million but it continues to struggle amid Amazon's dominance of the book industry.
Target’s Comp Sales Rise 1.3%, Beat Estimates
“For a little while, [Target] seemed to have lost its way but now appears to be getting back into that 'Tar-jay' mode."
Dick’s Sporting Goods Stock Dives on Q2 Results
The company was expected to benefit from rivals' bankruptcies but same-store sales rose only 0.1%, well below analysts' estimates.
Walmart’s Online Sales Increase 29% in Q4
Comp sales were up at all Walmart's retail formats though analysts are wondering when sales growth will translate into earnings growth.
Coty to Buy Online Seller Younique for $600M
The deal opens up a new beauty products distribution channel for Coty as it seeks to reduce its dependence on fragrances.
Holiday Retail Shopping to Increase 4%
A majority of consumers surveyed say they are likely to spend more and sooner on holiday shopping than in 2015.
FedEx Beats Q4 Estimates But Lowers Guidance
The reduced forecast for 2017 reflects an increase in capital spending to $5.1 billion as FedEx tries to keep pace with ecommerce growth.
Alibaba Uncovers Questionable Accounting By Media Unit
As the Chinese Internet giant gears up for its IPO, managers of a new subsidiary discover accounting irregularities.