Online shopping Archives - CFO

Walmart’s E-Commerce Surge Continues in Q3

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

Walmart Online Sales Grow Record 97% in Q2

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

FedEx Gets Boost From E-Commerce Surge

Financial Performance

FedEx Gets Boost From E-Commerce Surge

"Thank goodness that we had a seven-day network when this absolute tsunami of packages hit us," CFO Alan Graf says.

By Matthew Heller | July 1, 2020

E-Commerce Posts 18.8% Holiday Season Gain

E-Commerce Posts 18.8% Holiday Season Gain

Retailers offered omnichannel sales earlier in the season, "meeting consumers’ demand for the best deals across all channels and devices."

By Matthew Heller | December 26, 2019

Black Friday Online Sales Reach Record $7.4B

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

Payless to File Bankruptcy, Shutter U.S. Stores

Payless to File Bankruptcy, Shutter U.S. Stores

A Chapter 11 filing would be the second for the shoe retailer in less than two years amid heavy debt and online competition.

By Matthew Heller | February 18, 2019

Kroger Shares Soar on Big Q1 Earnings Beat

Financial Performance

Kroger Shares Soar on Big Q1 Earnings Beat

The grocery store chain says its Restock Kroger plan has gotten off to a "fantastic start," with digital sales, a key focus, up 66% in the first quarter.

By Matthew Heller | June 21, 2018

Dollar Tree Shares Drop 16% on Earnings Miss

Financial Performance

Dollar Tree Shares Drop 16% on Earnings Miss

The rough holiday quarter for discount chains continues as Dollar Tree's margins were pressured by rising labor and freight costs.

By Matthew Heller | March 7, 2018

Target’s Earnings Miss on Heavy Spending

Financial Performance

Target’s Earnings Miss on Heavy Spending

The retailer "may hit the top line, like you saw this quarter, but will we see that flow through to the bottom line?" one analyst says.

By Matthew Heller | March 6, 2018

Target to Buy Shipt Same-Day Delivery Service

Target to Buy Shipt Same-Day Delivery Service

The $550 million deal positions Target to compete with Amazon and Walmart in the same-day delivery wars.

By Matthew Heller | December 13, 2017

French Firm to Buy Westfield for $15.7 Billion

French Firm to Buy Westfield for $15.7 Billion

The mall operator is being sold to Unibail-Rodamco as global retail adjusts to the shift of consumers from physical stores to online shopping.

By Matthew Heller | December 12, 2017

Lululemon Beats Estimates, Comp Sales up 8%

Financial Performance

Lululemon Beats Estimates, Comp Sales up 8%

"While other players in the sports and athleisure market struggle, Lululemon continues to go from strength to strength."

By Matthew Heller | December 7, 2017

S&P Downgrades Guitar Center Rating to CCC-

Financial Performance

S&P Downgrades Guitar Center Rating to CCC-

The rating agency says Guitar Center bondholders could receive less than par in a restructuring, which would amount to a "selective default."

By Matthew Heller | November 29, 2017

Online Shoppers Spend at Record Holiday Pace

Online Shoppers Spend at Record Holiday Pace

The shopping frenzy continued on Cyber Monday, with online sales expected to reach a record $6.6 billion.

By Matthew Heller | November 28, 2017

Wal-Mart Heads Into Holidays on Sales Surge

Financial Performance

Wal-Mart Heads Into Holidays on Sales Surge

Grocery categories delivered the strongest quarterly performance in nearly six years and e-commerce grew 50% in the third quarter.

By Matthew Heller | November 17, 2017