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.
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.
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.
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."
Black Friday Online Sales Reach Record $7.4B
Consumers made $2.9 billion in purchases from their smartphones, a record for mobile sales.
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.
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.
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.
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.
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.
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.