Tag #Retail

Showing 313 to 324 of 394 results

theguardian.com

🌐 75% Global Worthiness

Dec 9, 16:11

ISS Rejects Mike Ashley's Boohoo Board Bid

Institutional Shareholder Services (ISS) recommended against Mike Ashley joining Boohoo's board, rejecting his bid to control the struggling retailer despite his 28% stake and accusations of mismanagement. This follows Boohoo's recent CEO replacement and Ashley's own company, Frasers Group, issuing ...

ISS Rejects Mike Ashley's Boohoo Board Bid

Institutional Shareholder Services (ISS) recommended against Mike Ashley joining Boohoo's board, rejecting his bid to control the struggling retailer despite his 28% stake and accusations of mismanagement. This follows Boohoo's recent CEO replacement and Ashley's own company, Frasers Group, issuing ...

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Will Mike Ashley's failed attempt to gain control of Boohoo impact the company's turnaround strategy and future financial performance?

Institutional Shareholder Services (ISS) recommended that Boohoo investors vote against Mike Ashley joining the board, rejecting Ashley's bid to become chief executive and potentially oust Boohoo's founder. This decision follows Ashley's 28% stake acquisition and his accusations of "catastrophic mess" and "egotistical" management by Boohoo's board. The rejection safeguards Boohoo's turnaround efforts.

smh.com.au

🌐 75% Global Worthiness

Dec 8, 22:07

Bourke Street Mall's Southern Side Undergoes $150 Million Revitalization

Melbourne's Bourke Street Mall's southern side is undergoing a $150 million transformation with the opening of the Melbourne Walk hotel and retail development and Mecca's flagship beauty store, aiming to revitalize a previously neglected area and attract more visitors.

Bourke Street Mall's Southern Side Undergoes $150 Million Revitalization

Melbourne's Bourke Street Mall's southern side is undergoing a $150 million transformation with the opening of the Melbourne Walk hotel and retail development and Mecca's flagship beauty store, aiming to revitalize a previously neglected area and attract more visitors.

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What is the immediate impact of the Melbourne Walk and Mecca developments on Bourke Street Mall?

The southern side of Melbourne's Bourke Street Mall is experiencing a $150 million revitalization, with the opening of a new hotel and retail development (Melbourne Walk) and Mecca's flagship beauty store in 2024. These projects are expected to significantly boost the area's retail activity and attract more visitors. The Mecca store, projected to be the world's largest beauty store, will feature a perfumeria, wellness hub, and a 150-seat educational space.

forbes.com

🌐 85% Global Worthiness

Dec 5, 01:11

Amazon Cyber Monday Ad Spending Surges 23.3% Amidst Record Online Sales

Pacvue data reveals a 23.3% year-over-year increase in Amazon ad spending on Cyber Monday 2024, with CPC rising 15.8% to \$2.12, driven by intense competition for last-minute shoppers despite a longer promotional period; US consumers spent a record \$12.4 billion online.

Amazon Cyber Monday Ad Spending Surges 23.3% Amidst Record Online Sales

Pacvue data reveals a 23.3% year-over-year increase in Amazon ad spending on Cyber Monday 2024, with CPC rising 15.8% to \$2.12, driven by intense competition for last-minute shoppers despite a longer promotional period; US consumers spent a record \$12.4 billion online.

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What was the impact of intensified competition on Amazon advertising costs during Cyber Monday 2024?

On Cyber Monday 2024, Amazon ad spending surged 23.3% year-over-year, with cost-per-click (CPC) jumping 15.8% to \$2.12. This resulted from intensified competition among brands vying for last-minute holiday shoppers, despite a longer promotional period. US consumers spent a record \$12.4 billion online.

cnn.com

🌐 75% Global Worthiness

Dec 5, 01:10

Trump Tariffs Threaten Dollar Tree's Product Offerings and Pricing

President-elect Trump's planned tariffs on imported goods threaten Dollar Tree, potentially forcing the discount retailer to remove products, alter specifications, or increase prices above its current $1.25 price point, impacting its low-income customer base.

Trump Tariffs Threaten Dollar Tree's Product Offerings and Pricing

President-elect Trump's planned tariffs on imported goods threaten Dollar Tree, potentially forcing the discount retailer to remove products, alter specifications, or increase prices above its current $1.25 price point, impacting its low-income customer base.

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Reduced Inequality

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How might Dollar Tree's response to these tariffs affect its customer base and overall market position?

Trump's tariff plans represent a considerable challenge for Dollar Tree, impacting its low-income customer base already struggling with rising prices. The retailer's reliance on imported goods exposes it to increased costs that may necessitate price hikes or product changes to maintain profitability. This situation highlights the broader economic impact of protectionist trade policies on consumer goods and retail businesses.

theguardian.com

🌐 75% Global Worthiness

Dec 5, 10:08

Woolworths Strike Causes Liquor Shortages Across Victoria and NSW

Over 1,500 Woolworths warehouse workers in Australia have been striking since November 21st, causing significant stock shortages at Dan Murphy's and BWS liquor stores across Victoria and southern NSW due to disruptions at five distribution centers, resulting in a $50 million loss for Woolworths.

Woolworths Strike Causes Liquor Shortages Across Victoria and NSW

Over 1,500 Woolworths warehouse workers in Australia have been striking since November 21st, causing significant stock shortages at Dan Murphy's and BWS liquor stores across Victoria and southern NSW due to disruptions at five distribution centers, resulting in a $50 million loss for Woolworths.

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How do the pay demands of striking workers relate to broader economic conditions in Australia?

The strike, supported by the United Workers Union (UWU), demands a $38/hour minimum wage and removal of a "punitive" productivity framework. Woolworths has reported a $50 million loss in grocery sales due to the strike and is seeking to end the picket line at a key Melbourne distribution center. The UWU received $115,000 in donations to aid striking workers.

theglobeandmail.com

🌐 75% Global Worthiness

Dec 4, 22:10

T&T Grocery Chain Expands to US

T&T, Canada's largest Asian grocery chain, opens its first US store in Bellevue, Washington on Thursday, marking a strategic expansion driven by strong Canadian growth and increasing demand for diverse culinary experiences in North America.

T&T Grocery Chain Expands to US

T&T, Canada's largest Asian grocery chain, opens its first US store in Bellevue, Washington on Thursday, marking a strategic expansion driven by strong Canadian growth and increasing demand for diverse culinary experiences in North America.

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How does T&T's expansion strategy align with broader trends in consumer behavior and food preferences in North America?

T&T's expansion reflects broader trends in North American consumer behavior, where there is increasing interest in diverse culinary experiences, particularly among younger generations. This is driven by social media's role in promoting international cuisine and the growing appeal of multicultural food offerings. The company's success in Canada, marked by customer loyalty and viral marketing, suggests a strong potential for similar success in the US.

cnbc.com

🌐 75% Global Worthiness

Dec 9, 16:12

Macy's Faces New Activist Pressure Amidst Declining Sales and Accounting Irregularities

Activist investor Barington Capital and Thor Equities are pushing Macy's to cut costs, sell luxury brands, and optimize its real estate portfolio, following declining sales and a recent \$154 million accounting irregularity.

Macy's Faces New Activist Pressure Amidst Declining Sales and Accounting Irregularities

Activist investor Barington Capital and Thor Equities are pushing Macy's to cut costs, sell luxury brands, and optimize its real estate portfolio, following declining sales and a recent \$154 million accounting irregularity.

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What immediate actions is Barington Capital demanding from Macy's, and what are the potential short-term consequences for the company?

Activist investor Barington Capital, partnered with Thor Equities, urged Macy's to cut costs, explore selling luxury brands (Bloomingdale's and Bluemercury), and reassess its real estate portfolio, potentially worth \$5-9 billion. Macy's stock rose 3% premarket on this news. The move follows declining sales and the recent discovery of accounting irregularities hiding \$154 million in delivery expenses.

cnbc.com

🌐 85% Global Worthiness

Dec 6, 22:11

S&P 500 Soars to Record Highs, but Some Stocks Show Signs of Overbought Conditions

The S&P 500 hit all-time highs this week, with the Nasdaq up over 3%, but some stocks, such as Walmart (RSI 83.3) and Netflix (RSI >76), are overbought and might experience a pullback; oversold stocks include Kraft Heinz and Mondelez.

S&P 500 Soars to Record Highs, but Some Stocks Show Signs of Overbought Conditions

The S&P 500 hit all-time highs this week, with the Nasdaq up over 3%, but some stocks, such as Walmart (RSI 83.3) and Netflix (RSI >76), are overbought and might experience a pullback; oversold stocks include Kraft Heinz and Mondelez.

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What are the most significant market indicators and what do they suggest about immediate future trends?

The S&P 500 reached record highs this week, driven by investor enthusiasm. However, some stocks, like Walmart (RSI 83.3) and Netflix (RSI >76), show signs of being overbought, suggesting potential near-term pullbacks. The Nasdaq Composite is up over 3% this week, while the Dow Jones Industrial Average is down 0.5%.

cnbc.com

🌐 85% Global Worthiness

Dec 5, 16:09

Retail Sector Volatility: American Eagle Plunges, Five Below Soars Amidst Mixed Earnings

American Eagle Outfitters stock plunged 14% on weak holiday sales guidance, while Five Below jumped 14% on exceeding Q3 expectations; other notable movers include a crypto rally, Hewlett Packard Enterprise's 4% gain following an upgrade, and significant drops for SentinelOne and Signet Jewelers.

Retail Sector Volatility: American Eagle Plunges, Five Below Soars Amidst Mixed Earnings

American Eagle Outfitters stock plunged 14% on weak holiday sales guidance, while Five Below jumped 14% on exceeding Q3 expectations; other notable movers include a crypto rally, Hewlett Packard Enterprise's 4% gain following an upgrade, and significant drops for SentinelOne and Signet Jewelers.

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What are the key factors driving the contrasting performances of apparel retailers American Eagle Outfitters and Five Below?

American Eagle Outfitters stock fell 14% due to disappointing holiday guidance, projecting a 1% increase in comparable sales and a 4% decrease in total sales, below StreetAccount's forecast of 2.2% growth. Five Below, conversely, saw a 14% surge after exceeding Q3 earnings and revenue expectations, reporting $0.42 adjusted EPS and $844 million in revenue against analyst expectations of $0.17 EPS and $799 million in revenue.

cnbc.com

🌐 75% Global Worthiness

Dec 5, 01:11

After-Hours Stock Swings: American Eagle Plunges, Five Below Soars

American Eagle Outfitters shares fell 12% on weaker-than-expected Q3 revenue ($1.29 billion vs $1.30 billion expected) and a bleak holiday outlook, while Five Below jumped 11% on exceeding Q3 revenue expectations ($844 million vs $799 million).

After-Hours Stock Swings: American Eagle Plunges, Five Below Soars

American Eagle Outfitters shares fell 12% on weaker-than-expected Q3 revenue ($1.29 billion vs $1.30 billion expected) and a bleak holiday outlook, while Five Below jumped 11% on exceeding Q3 revenue expectations ($844 million vs $799 million).

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What were the key factors causing the significant after-hours stock price swings for American Eagle Outfitters and Five Below?

American Eagle Outfitters shares plummeted 12% due to lower-than-projected Q3 revenue ($1.29 billion vs. $1.30 billion expected) and a weak holiday sales forecast. Five Below, conversely, saw an 11% surge thanks to exceeding Q3 revenue expectations ($844 million vs. $799 million) and adjusted earnings.

smh.com.au

🌐 85% Global Worthiness

Dec 4, 10:07

Woolworths Strike Costs $50 Million, Causes Widespread Shortages

A strike by 1500 Woolworths warehouse workers over pay and conditions since November 21 has cost the company $50 million and caused widespread product shortages, particularly impacting alcohol sales in Victoria and Southern NSW. The Fair Work Commission will hear the dispute on Friday.

Woolworths Strike Costs $50 Million, Causes Widespread Shortages

A strike by 1500 Woolworths warehouse workers over pay and conditions since November 21 has cost the company $50 million and caused widespread product shortages, particularly impacting alcohol sales in Victoria and Southern NSW. The Fair Work Commission will hear the dispute on Friday.

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What are the immediate economic consequences of the Woolworths warehouse strike?

A strike by 1500 Woolworths warehouse workers since November 21 has caused $50 million in losses for the company and product shortages in stores. The dispute centers on a new performance management system and pay increases. Rival supermarket Coles is seeing increased custom.

nrc.nl

🌐 65% Global Worthiness

Dec 4, 16:09

Dutch Black Friday 2024: Fewer Transactions, Higher Spending

Despite fewer transactions on Black Friday and Cyber Monday 2024 in the Netherlands compared to 2023, total spending increased by 10%, indicating a shift to a longer sales period ("Black November") due to earlier promotions and a strategy to manage logistics and consumer expectations.

Dutch Black Friday 2024: Fewer Transactions, Higher Spending

Despite fewer transactions on Black Friday and Cyber Monday 2024 in the Netherlands compared to 2023, total spending increased by 10%, indicating a shift to a longer sales period ("Black November") due to earlier promotions and a strategy to manage logistics and consumer expectations.

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Responsible Consumption and Production

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What were the key changes in consumer spending patterns during the 2024 Black Friday and Cyber Monday period compared to previous years?

In the Netherlands, Black Friday and Cyber Monday sales in 2024 showed a decrease in transactions compared to 2023, but a 10% increase in total spending on Black Friday. This resulted in a longer sales period, with retailers starting promotions up to 19 days earlier. The total number of iDeal transactions increased in the week leading up to Black Friday.

Showing 313 to 324 of 394 results