Adobe Inc revealed on Wednesday its intention to add payments to its own eCommerce platform, thereby enabling merchants to accept credit cards and other forms of payments for their online stores. This move will help Adobe to strengthen its competitiveness against the likes of Shopify, having first delved into...
H&M, the world's second-largest fashion retailer, experienced an underwhelming sales performance for the quarter ending August 2021, with a rise in revenue that was lower than expected. The company announced on Wednesday that sales had increased by 9% from the same point last year, meaning that the Swedish fashion...
Walmart announced its intention last week to increase the hourly wage of its workers by $1, with more than 565,000 employees nationwide set to benefit from this raise.
This move comes as retailers across the US gear up for the holiday season, when sales hit their peak and the demand for...
Despite the continued increase on raw materials shortages, US business inventories experienced strong growth during the month of June, rising by 0.8%. This follows a 0.6% rise in May.
While motor vehicle retailers continue to face restocking difficulties, resulting in a 0.3% inventory decrease, other inventories enjoyed stable gains. Retail...
Ralph Lauren Corp. stocks climbed by 9.5% at 9:31 AM in New York on Tuesday, following the release of its first fiscal quarter financials. This marks a 14% soar in stock value since the start of the year.
In a result that exceeded analysts' expectations, Ralph Lauren recorded a 108%...
Foot Locker Inc revealed on Monday that it's in the midst of purchasing two smaller shoe store chains in an effort to expand its business reach. These deals will cost a combined $1.1 billion.
While the decision to purchase California-based WSS for $750 million is spurred on by a desire...
Thanks to the surging demand for its "Dungeons & Dragons" tabletop game as well as the recovery of its film and television division following pandemic shutdowns, Hasbro Inc posted a 54% jump in quarterly revenue on Monday. Following the announcement, Hasbro shares rose by 2.3% during pre-market trading on...
As demand gradually returns to pre-coronavirus levels, Coca-Cola has reevaluated both its full-year sales and profit forecasts. Currently, an increase in demand is being fueled due to the reopening of restaurants, stadiums, theaters, and the resumption of public gatherings and events.
With the U.S. economy showing consistent signs of recovery,...