Apple-backed study sheds light on physical sales through App Store
FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in…
Adidas pledges to hire more black and Latino staff
FILE PHOTO: An Adidas shop is seen, as the spread of coronavirus disease (COVID-19) continues in Berlin, Germany, March 30,…
Amazon’s second-quarter forecast weighed down by $4 billion in COVID-19 related costs, shares fall
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, April 22, 2020…
U.S. payroll protection program: What has changed in round two?
WASHINGTON (Reuters) – The Small Business Administration on Monday began allowing lenders to process $310 billion in funds for the…
Exclusive: Amazon deploys thermal cameras at warehouses to scan for fevers faster
(Reuters) – Amazon.com Inc has started to use thermal cameras at its warehouses to speed up screening for feverish workers…
Walmart to hire 50,000 more workers in coronavirus-driven hiring spree
(Reuters) – Walmart Inc (WMT.N) said on Friday it would hire 50,000 more workers at its stores, clubs and distribution…
Warehouse workers risk COVID-19 to ship Gucci shades, face cream, sofas
(Reuters) – As U.S. authorities ordered shutdowns of non-essential businesses to fight coronavirus, retailer Nordstrom Inc closed hundreds of stores…
U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX
FILE PHOTO: The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S.,…
U.S. Supreme Court rejects Apple appeal in patent fight with VirnetX
FILE PHOTO: The Apple logo is shown atop an Apple store at a shopping mall in La Jolla, California, U.S.,…
Coronavirus could be knockout blow for Hong Kong’s once-thriving tourism, retail sectors
HONG KONG (Reuters) – Tom Bennell’s olive oil distribution business took a heavy beating during months of pro-democracy protests that…
Factbox: Companies feel impact of coronavirus outbreak in China
(Reuters) – Some companies have warned that a coronavirus outbreak in China that has killed more than 250 people and…
CEO says Bank of America aims to ‘double’ its U.S. consumer market share: FT
FILE PHOTO: Bank of America CEO Brian Moynihan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January…
Record online sales give U.S. holiday shopping season a boost: report
(Reuters) – U.S. shoppers spent more online during this year’s holiday shopping season, a report by Mastercard Inc (MA.N) showed…
Adidas to close German, U.S. robot factories
FILE PHOTO: Prototypes of Futurecraft 3D shoe are pictured during a presentation of the first Adidas shoe from its new…
M&S suffers fresh blow as finance chief quits
(Reuters) – Marks & Spencer Group Plc (MKS.L) said on Saturday its chief financial officer, Humphrey Singer, was stepping down…
Albertsons Companies joins supermarkets in changing guns policy
FILE PHOTO: Customers leave an Albertsons grocery store with their purchases in Burbank, California July 17, 2012. REUTERS/Fred Prouser (Reuters)…
Philip Green prepares to break up his Arcadia Group: Sunday Times
Sir Philip Green attends the TopShop Spring/Summer 2018 show at London Fashion Week in London, Britain September 17, 2017. REUTERS/Mary…
Wall Street Weekahead: Retailers in spotlight as tariffs on consumer products kick in
SAN FRANCISCO (Reuters) – U.S. retailers will be front and center on Wall Street next week as the United States…
Trade war dims outlook for U.S. business operations in China: survey
WASHINGTON (Reuters) – U.S. companies doing business in China are still making profits there, but 81% say escalating trade tensions…
Sainsbury’s says not talking to internal candidates for CEO succession
FILE PHOTO: Shoppers walk past the first ’till-free’ Sainsbury’s store in London, Britain, May 1, 2019. REUTERS/Toby Melville (Reuters) –…
Macy’s shares sink as discounts to clear inventory hurt, tourism drops
(Reuters) – Macy’s Inc (M.N) cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
Macy’s sinks as discounts to clear inventory backfire, tourism drops
(Reuters) – Macy’s Inc (M.N) slashed its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
Amazon U.S. rivals get sales boost on Prime Day: Adobe
(Reuters) – Several large U.S. retailers recorded higher sales on the first day of Amazon.com Inc’s Prime Day shopping event…
Amazon rivals ride on Prime Day marketing as protests unfold
NEW YORK (Reuters) – Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual…
Walmart says Mexico same-store sales rise 4.7% in June
Costumers shop inside a Walmart store in Mexico City, Mexico March 28, 2019. Picture taken March 28, 2019. REUTERS/Edgard Garrido…
Kering crown jewel Gucci banks on high-end gems for growth
PARIS (Reuters) – Gucci, the luxury brand that powers most of parent Kering’s (PRTP.PA) profits, made its first steps in…
Luxury online reseller The RealReal closes up more than 40% in debut
(Reuters) – Shares of U.S. online luxury reseller The RealReal Inc (REAL.O) closed up more 40% in their debut on…
Amazon gets U.S. patent to use delivery drones for surveillance service
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal…
Bah humbug! Trump’s plan for more China tariffs to hit festive shoppers
WASHINGTON/NEW YORK (Reuters) – This year’s holiday season could be tighter for many Americans if the U.S. government imposes tariffs…
Target says registers back online, blames outage on technology issue
(Reuters) – Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in…
Exclusive: Mexico blamed Walmart’s size, access to rivals’ data in blocking app deal
MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee…
Perdue Foods enters crowded plant-based alternative meat market
(Reuters) – Perdue Foods, one of America’s largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower,…
End of the road for Volkswagen’s self-driving Aurora deal
FILE PHOTO: The logo of German carmaker Volkswagen is seen at the Volkswagen (VW) automobile manufacturing plant in Puebla near…
FedEx to end Amazon contract for FedEx Express plane service
(Reuters) – FedEx Corp on Friday decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through…
Nordstrom cuts 2019 forecast after quarterly results miss big
(Reuters) – Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter…
‘We screwed up’ not buying Google shares, Berkshire’s Munger says
Berkshire Hathaway Vice Chairman Charlie Munger walks past a crowd at the annual Berkshire shareholder shopping day in Omaha, Nebraska,…
Amazon aims to bring one-day delivery to Prime members around the globe
(Reuters) – Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead…
China’s JD.com boss criticizes ‘slackers’ as company makes cuts
SHANGHAI (Reuters) – Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate…
Amazon removes numerous products from India site as new e-commerce rules bite
NEW DELHI/MUMBAI (Reuters) – E-commerce rules that went into effect in India on Friday caused widespread disruption for Amazon.com, forcing…
Amazon sales outlook disappoints after record holiday quarter
(Reuters) – Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty…
PBGC steps in to oversee Sears’ two pension plans
FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New Hyde Park, New York,…
Bed Bath & Beyond posts better-than-expected profit, shares soar
FILE PHOTO: Shoppers leave A Bed Bath & Beyond store in Boca Raton, Florida in this March 19, 2016 .…
Sears Chair Lampert makes $4.4 billion bid to keep retailer alive
(Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing…
Tech giants in spotlight as EU lawmakers consider strong action
BRUSSELS (Reuters) – Google (GOOGL.O), Amazon (AMZN.O), Apple (AAPL.O) and other tech giants face one of their biggest challenges this…
Investors caught in crossfire of fight for holiday shoppers
NEW YORK (Reuters) – Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry…
Alibaba revenue beats, but investments prolong margin squeeze
BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, but said…
IKEA strives to keep prices low as opens first store in India
HYDERABAD (Reuters) – IKEA will set some prices even lower in India than elsewhere when it opens its first store…
Amazon earnings skyrocket on cloud computing, advertising
(Reuters) – Amazon.com Inc (AMZN.O) posted a profit that was double Wall Street targets on Thursday and forecast a strong…
Conagra to buy Pinnacle for $8.1 billion, creating frozen food powerhouse
(Reuters) – Conagra Brands Inc (CAG.N) said on Wednesday it would buy Pinnacle Foods Inc (PF.N) for about $8.1 billion,…
Walmart sells majority of Brazil unit, takes $4.5 billion charge
NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in…
Walmart sells majority of Brazil unit, takes $4.5 billion charge
NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in…
Bayer launches $7 billion cash call to fund Monsanto deal
BERLIN (Reuters) – Bayer (BAYGn.DE) launched a 6 billion euros ($7 billion) rights issue on Sunday, a cornerstone of the…
Adidas takes 12-10 lead over Nike in World Cup shirt deals
BERLIN (Reuters) – Adidas (ADSGn.DE) can declare itself the winner over arch rival Nike (NKE.N) in the upcoming soccer World…
Home Depot posts rare sales miss as delayed spring hits demand
(Reuters) – Home Depot Inc (HD.N) on Tuesday missed Wall Street forecasts for sales at established stores, as an unusually…