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Analysts Say Victoria’s Secret Is Not Aware of Shoppers’ Wants
Victoria’s Secret is moving ahead with its plan to introduce more of its padded bras during the 2017 second six months. Parent company L Brands Inc. said Victoria’s Secret was maintaining its plan to push its constructed bras in... More of this article »
Walmart Same Store Sales Up, Purchases Online Increase 60%
Walmart reported on Thursday sales and earnings for its second quarter that beat Wall Street expectations, with the big-box retailer continuing to grow its business online. Fresh new digital initiatives along with an increase in the... More of this article »
Dick’s Sporting Goods Stock Hit by Poor Sports and Gun Sales
During trading on Tuesday afternoon, Dick’s Sporting Goods shares plunged after the sporting goods retailer came up short of expectations and cut its forecast for earnings. The price of Dick’s shares plunged 18% after gains during... More of this article »
Fosun and Shanghai Pharmaceuticals Bid for Arbor Stake
Shanghai Pharmaceuticals Holding Company and a unit of Fosun Group in China are amongst the bidders to acquire a stake in Arbor Pharmaceuticals LLC a U.S. based specialty drug maker, the companies announced on Monday. The bids have... More of this article »
Modest Increase in Consumer Prices Might Delay Rate Hike
Consumer prices in the U.S. rose in July just slightly as the cost of food increased but was offset somewhat by dropping prices of a host of other goods, but suggesting the existence of benign inflation that might persuade the U.S.... More of this article »
Amazon May Begin Selling Tickets to Events
Amazon might start selling event tickets, says a new report by an international news agency. The giant in e-commerce has studied the ticket sales space, which for the most part is dominated in the United States by Ticketmaster owned... More of this article »
Sales at Macy’s Drop for the Tenth Consecutive Quarter
On Thursday, iconic department store chain Macy’s announced that is comparable sales had dropped by 2.8% during its second quarter. That marked the tenth straight three-month period of declines for the department store retailer. However,... More of this article »
Self-Driving Cars Race Narrowing Due to Doubts Over Profit
Daimler and BMW, the world’s two top makers of luxury vehicles, have announced strategic alliances with their suppliers, touting the advantages of having a larger pool of engineers to continue development of an autonomous vehicle. However,... More of this article »
Eric Bolling Suspended by Fox News After Alleged Lewd Messages
Eric Bolling, a longtime Fox News host was suspended by the network over the weekend pending their investigation into reports that he allegedly sent lewd photographs to three women colleagues using text messages. Fox News found out... More of this article »
Dunkin’ Donuts Considering Rebranding to Dunkin’
Popular donut and coffee house Dunkin’ Donuts will unveil a new store in August that will be called Dunkin’. Later in 2017 a few other stores called just Dunkin’ will open. The owner of Dunkin’ Donuts, Dunkin’ Brands said... More of this article »
Yelp Shares Soar on Unexpected Profit and Eat24 Sale
Shares of Yelp rallied by up to 20% in trading afterhours on Thursday following the announcement it was selling one of its companies to GrubHub and would buy back shares worth $200 million. Yelp will sell its Eat24 business, an online... More of this article »
Hollywood Spending by Amazon Surges
Amazon.com is ramping up its dollars it is spending on the creating as well as licensing of films and television shows, signaling that the e-commerce giant is planning to stay in show business long term. The issue was at the forefront... More of this article »