Could Macy’s Be Amazon’s Next Target Acquisition?
As Amazon (NASDAQ:$AMZN) has announced plans of moving into wardrobe, there has been increasing pressure on clothing retailers. Combined with rumors circulating that US retailer Macy’s (NYSE:$M) has already turned down offers from Amazon of ... [Read]
Why A Walgreens and Rite Aid Merger May Be Bad News
A couple of years ago, Walgreens Boots Alliance (NASDAQ:$WBA) announced that it wanted to merge with pharmacy store chain Rite Aid (NYSE:$RAD). However, with the retail industry struggling significantly recently, several investors feel that Walgreens ... [Read]
Costco Could Be One of the Few Survivors in Amazon’s Retail Takeover
To take on Amazon.com (NASDAQ:$AMZN) seems like a bold move for any company these days. The online-retail company, with its recent plans to acquire Whole Foods Market, Inc. (NASDAQ:$WFM), expects to take up more than ... [Read]
Sears Holdings Shares Took Another Plunge Today
On July 6, Sears Holdings Corp. (NASDAQ:$SHLD) shares took a plunge as the recent rally that held up the stock stumbled to a halt amongst pessimistic reports about the company and the entire department store ... [Read]
This Is Why Sears’ Stock Saw A Surprising Gain in June
Despite news of additional store closures, Sears Holdings Corp (NASDAQ:$SHLD) fought back from its potential doom thanks to Bruce Berkowitz, a board member at Sears Holdings and founder of the Fairholme Fund (MUTF:$FAIRX). Berkowitz gave ... [Read]
Here’s Why Amazon Might Have Finally Beat Out Costco
It seems that Costco (NASDAQ:$COST) has finally been defeated. Shares of the American membership club retailer have dropped 13% to $158.82 in just a month. Why? Primarily because investors have grown anxious about a world ... [Read]
This Is Why Lululemon’s Stock Went Up in June
Canadian athletic-wear company Lululemon Athletica Inc. (NASDAQ:$LULU) had a rather successful month of June. According to S&P Global Market Intelligence, Lululemon’s shares went up 23.6% in June after it reported strong 1Q results. The up ... [Read]
Alibaba Will Be Launching a Smart Speaker Called the Genie X1
China’s Alibaba (NYSE:$BABA) is one of the largest e-commerce websites in the world. So it didn’t come as a total shock to hear that the company will be launching an Amazon Echo-like speaker called the ... [Read]
These Retail Companies Have Faced Some of The Most Store Closures in 2017
Not a lot of other industries in the market have struggled as much as the retail industry so far this year. According to finance management company Credit Suisse (VTX:$CSGN), more than 8,000 stores in total ... [Read]
This is Why Nike’s Shares are Soaring
After struggling for the past few weeks, Nike, Inc.’s (NYSE:$NKE) shares saw a 6% rise on Friday morning, June 30. The rise in stock price is mainly thanks to Nike’s stronger-than-expected fourth quarter financial report. ... [Read]