Kroger Faces Three-Year Low Amid Grocery Price War Frenzy
On Friday, Kroger Co. (NASDAQ:$KR) reported lower quarterly profit after an intensifying grocery price war hit its bottom line. Shares in the company, which has already plundered by 38% this year, decreased nearly 10% to ... [Read]
Staples Shareholders Approve $6.9 Billion Private Sale to Sycamore Partners
Are you a retail investor? If so, you might want to pay close attention to the following: On Thursday, September 7, Staples (NASDAQ:$SPLS) shareholders gave the green light for the sale of the Framingham office ... [Read]
Alibaba Helps Best Inc. Launch $930 Million U.S. IPO
Best Inc., a Chinese logistics company backed by Alibaba Group (NASDAQ:$BABA), launched a U.S. IPO that is seeking about $930 million to fund an expansion of its supply chain network, develop new technology and open ... [Read]
U.S. Cities Compete for Amazon’s $5 Billion Second Headquarters
On Thursday, Amazon.com Inc (NASDAQ:$AMZN) stated that the company is planning a $5 billion construction of a second headquarters in North America. By promising the creation of 50,000 new jobs, Amazon is prompting different cities ... [Read]
Using This Strategy, Wal-Mart Looks to Cash In Early Amid Low Toy Sales
Wal-Mart Stores Inc. (NASDAQ:$WMT) saw slower sales growth industry-wide last December and has since struggled to pick up this year. The company implemented its holiday layaway program as it hopes to see an early cash-in. ... [Read]
China’s Alibaba Group Signs Deal with Mexico
Mexico’s government confirmed its deal with Alibaba Group Holding Ltd on Wednesday (NYSE:$BABA). The deal’s main prerogative was to introduce Mexican products and services — especially from small and medium sized firms — onto the ... [Read]
Blackstone Group Calls Off $2.8 Billion Sale Due to Amazon’s Dominance
Blackstone Group (NASDAQ:$BX), a private equity giant has called off the sale of its $2.8 billion Australian shopping mall portfolio in fear of Amazon (NASDAQ:$AMZN) spooking buyers of bricks-and-mortar stores. The cancelled sale also came ... [Read]
Alibaba Reportedly Scheduled to Open its First Brick-And-Mortar Mall in China
It looks like the retail sector is set to have yet another big day! On Tuesday, September 5, Caixin, a Beijing-based financial news group, announced that Alibaba Group Holdings (NYSE:$BABA) is reportedly working on developing ... [Read]
Why You Should Invest in Lululemon Today
Ever heard of the saying, “more than just a pretty face”? Lululemon Athletica (NASDAQ:$LULU) is a leading competitor in the athleisure retail space, and revealed a more than impressive earning report yesterday. The company attributed much ... [Read]
Today’s Update on Amazon’s Price Cut Strategy For Whole Foods
4 days ago, on Monday, August 28th, Amazon (NASDAQ:$AMZN) closed its deal to acquire Whole Foods Market (NASDAQ:$WFM). One of the first implementations and key strategies by Amazon is to cut grocery prices up to ... [Read]