Latest Retail news

5th May
Wayfair’s net loss widens despite a 20% increase in sales in Q1
5th May
Amazon’s vice president resigns citing disappointment in the company’s decision of firing whistle-blowers
4th May
Tyson Foods reports a 15% decline in quarterly net income as COVID-19 disrupts production
4th May
J. Crew files for chapter 11 bankruptcy as Coronavirus closes retail stores
2nd May
50%+ US departmental stores in malls to close by 2021, real estate firm now predicts
1st May
Clorox’s quarterly sales surge 15% as Coronavirus fuels demand for cleaning products
1st May
Amazon drops 5% on lower than expected earnings in the first quarter
30th April
McDonald’s stock price moves lower on 17% fall in Q1 earnings
30th April
Tapestry swings to a net loss of £541 million in Q3 as COVID-19 closes its retail stores
24th April
French court maintains earlier ruling that restricted Amazon deliveries amidst COVID-19
23rd April
Target stock price slides on profit warning
23rd April
Sycamore seeks court’s approval to pull out of its Victoria’s Secret take over deal
23rd April
Unilever takes a significant hit to its £2.60 billion ice cream business due to Coronavirus
20th April
Neiman Marcus to seek bankruptcy protection due to the Coronavirus pandemic
20th April
Amazon extends shutdown of 6 warehouses in France until April 22nd
18th April
Amazon to use thermal cameras at U.S warehouses to efficiently screen workers for feverish symptoms
18th April
Walmart to expand its workforce by another 50,000 workers to meet Coronavirus driven surge in demand
17th April
Amazon to introduce an ultra-fast delivery service for grocery items in the UK
17th April
UK’s antitrust watchdog clears Amazon’s stake in Deliveroo
17th April
Procter & Gamble tops analysts’ estimate for earnings in the third quarter
16th April
Costco raises quarterly dividend by 7.7%
16th April
Bed Bath & Beyond tops analysts’ forecasts for earnings and revenue in Q4
14th April
Apple’s iPhone shipments in China increase to 2.5 million in March
14th April
Amazon terminates 2 employees for criticizing the working conditions at its warehouses
13th April
Amazon to place new grocery orders on a waiting list as it struggles to cope up with the rising demand
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