Tag: Retail business

  • Walmart reports big shortfalls as higher costs and supply chain eat away at profits

    Walmart on Tuesday reported quarterly results that far exceeded Wall Street expectations as the nation’s largest retailer felt pressure from rising fuel costs and higher inventory levels. The shares were down about 7% in premarket trading. The company raised its sales outlook this year, saying it expects net sales to grow about 4% in constant […]

  • Home Depot raises full-year outlook after beating profits and posting first-quarter sales

    The Home Depot on Tuesday raised its full-year outlook after reporting strong quarterly results, fueled by the company’s largest-ever first-quarter sales. Shares of the company rose 4% in premarket trading. Here’s what Home Depot reported compared to what Wall Street expected, based on a Refinitiv analyst survey: Earnings per share: $4.09 vs $3.68 expected Revenue: […]

  • Never buy these things at a garage sale

    Photo: Jamie Hooper (Shutterstock) At this time of year, garage sales and flea markets are in full swing. Not only do they offer the opportunity to pick up a myriad of reasonably priced items and make unique vintage finds, but buying used is (usually) a more sustainable way to shop. That said, there are some […]

  • Plant-based food industry faces reset as Beyond Meat and Oatly stocks suffer

    In this photo photo Oatly Oat Milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street seems to be downgrading on herbal substitutes. Shares of Beyond Meat and Oatly have lost more than half their value this year. Stocks are both high-profile and relatively recent entrants to public […]

  • Kohl shareholders vote to keep current slate of directors despite pressure from activists

    The Kohl’s logo is displayed outside a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl shareholders voted to re-elect the company’s current slate of 13 board directors as the retailer faced growing pressure from activists for an overhaul, the company announced on Wednesday. Kohl’s annual shareholder meeting […]