Where Walmart, Amazon, Target are spending trillions in a slowing economy

A Walmart employee loads up a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro-fulfillment center in Salem, Mass. on Jan. 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows down, the classic response for consumer businesses is to cut … Read more

Where Walmart, Amazon, Target are spending trillions in a slowing economy

A Walmart employee loads up a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro-fulfillment center in Salem, Mass. on Jan. 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows down, the classic response for consumer businesses is to cut … Read more

Bed Bath & Beyond taps chief accounting officer as interim CFO after executive’s suicide

Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond on Tuesday tapped its chief accounting officer as interim CFO after the death of its former executive. The retailer, which has had several recent leadership changes, said it named Laura Crossen as its … Read more

Kohl’s, Broadcom, Lululemon and more

People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Kohl’s — Shares of the retailer jumped 5.64% after a Reuters report that private equity firm Oak Street Real Estate Capital has made an offer to … Read more

5 issues investors want addressed

A pedestrian walks by a Bed Bath and Beyond store on November 04, 2021 in Larkspur, California. Justin Sullivan | Getty Images 1. A potential cash infusion A key part of the announcement will be clarity around how Bed Bath plans to replenish its cash coffers to pay suppliers, take care of other expenses and … Read more

Kohl’s, BJ’s Wholesale, Estee Lauder and more

Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s shares lost 7.2% in the premarket after the retailer cut its full-year forecast due to increased promotional activity and higher costs. Kohl’s most recent quarter beat Street forecasts for revenue and profit. BJ’s Wholesale (BJ) – The warehouse retailer beat estimates by … Read more

The investing game plan as retail giants Walmart and Target wrap up the season

The earnings season is winding down, but there are still some big names set to report. More than 90% of S & P 500 companies have already reported earnings, with 78% of those names posting better-than-expected profits, according to Refinitiv. Those results have put overall S & P 500 earnings on pace to have grown … Read more

Tech companies, banks overstaffed while airlines, hotels need workers

JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle … Read more

Retailers still opening stores despite recession fears

The biggest shopping mall owners in the United States say retailers are still forging ahead with plans to open new stores in spite of growing recession fears and decades-high inflation that’s squeezing shoppers’ budgets. Simon Property Group, the country’s largest mall owner, said the pipeline of businesses slated to open up at its properties remains … Read more

Best Buy cuts sales forecast as inflation pressures shoppers

Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Wednesday cut its forecast for its fiscal year and second quarter, saying it has seen weaker demand for consumer electronics amid inflation. The consumer electronics retailer said it now expects same-store sales to … Read more