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Auditing
The Big Four Continue to Dominate Auditing: Weekly Stat
The audit market is most concentrated among the population of large accelerated filers, 88% of which tap a Big Four firm for assurance.
By
Vincent Ryan
| June 29, 2022
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Financial Performance
GameStop Stock Falls On Q1 Results; Hires New CEO, CFO
The video game retailer hired two Amazon veterans to help it make a push into e-commerce.
By
Lauren Muskett
| June 10, 2021
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IPOs
Coupang Shares Jump 40% After Monster IPO
The South Korean e-commerce giant believes it is still only "scratching at the surface" of the potential of the Korean online shopping market.
By
Matthew Heller
| March 11, 2021
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Financial Performance
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.
By
Matthew Heller
| November 17, 2020
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Financial Performance
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."
By
Matthew Heller
| September 23, 2020
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Financial Performance
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.
By
Matthew Heller
| August 18, 2020
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Strategy
Walmart Partners With Instacart for Same-Day Grocery Delivery
The partnership’s initial launch will be available across four markets in California and Oklahoma.
By
Lauren Muskett
| August 12, 2020
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Financial Performance
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%.
By
Matthew Heller
| June 5, 2020
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People
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.
By
Matthew Heller
| March 10, 2020
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IPOs
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."
By
Matthew Heller
| March 9, 2020
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The Economy
Black Friday Online Sales Reach Record $7.4B
Consumers made $2.9 billion in purchases from their smartphones, a record for mobile sales.
By
Lauren Muskett
| December 2, 2019
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People
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.
By
Matthew Heller
| September 25, 2019
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Technology
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.
By
Matthew Heller
| September 10, 2019
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Financial Performance
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."
By
Matthew Heller
| September 3, 2019
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M&A
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.
By
Lauren Muskett
| July 22, 2019
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Technology
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.
By
Matthew Heller
| February 19, 2019
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