Walgreens Shifts Into Recession Mode as Covid Boom Fades
Walgreens Boots Alliance Inc. is bracing for a recession and life after Covid. The second-biggest U.S. drugstore chain by stores...
Earnings
FedEx’s New Boss Faces Strategic Choice as Package Volumes Fall
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Bed Bath & Beyond CEO Mark Tritton Exits as Sales Plunge
When Mark Tritton took the helm of Bed Bath & Beyond in 2019, he moved quickly to overhaul the home-goods...
Pinterest CEO Is Stepping Down, Google Commerce Executive to Take Top Job
Pinterest longtime chief executive is stepping down and a Google commerce executive is taking over the top job, the social-media...
Big-Ticket Goods Orders, Pending Home Sales Point to Steady Demand
Orders for long-lasting goods and the number of houses going under contract in the U.S. both rose last month, signs...
Consumer Sentiment at Record Low Is Another Ominous Sign for Economy
Consumer sentiment fell to its lowest point on record, reflecting that elevated inflation is weighing on Americans’ moods and adding...
Covid Fallout Flattens JD.com’s Online Birthday Bash
SINGAPORE—Chinese online shopping giant JD.com midyear e-commerce extravaganza recorded the slowest sales growth in at least five years, in the...
Tesla Raises Prices Amid Surging Costs
Tesla Inc. TSLA -8.54% has raised the prices on some of its cars by as much as $6,000, as the...
Ferrari to Debut SUV-Like Model in September
MILAN— Ferrari RACE 0.03% NV said a new larger, taller model similar to a sport-utility vehicle will be unveiled this...
U.S. Retail Sales Declined in May as Inflation Stings Consumers
Americans’ retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates.Retail...
Target Warns of Weaker Profit as it Faces Overstuffed Stores, Inflation-Weary Shoppers
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Amazon to Close Kindle Bookstore in China
HONG KONG— Amazon. AMZN 1.23% com Inc. is closing its Kindle digital bookstore in China and has halted sales of...
Unilever to Add Activist Investor Nelson Peltz to Board
Unilever UL 9.94% PLC said it would add Nelson Peltz to its board and disclosed his fund now holds a...
Silicon Valley Investors Give Startups Survival Advice for Downturn
After years of funneling cash into startups’ grand ambitions, Silicon Valley investors are engaging in the grim ritual of delivering...
Big Lots, Hibbett Become Latest Retailers to Show Inflation Pain
Big-box chain Big Lots Inc. BIG -11.15% and sporting-goods retailer Hibbett Inc. HIBB 1.96% both posted double-digit sales declines Friday,...
Old Navy to Scale Back Its Inclusive Sizing Strategy
Old Navy is scaling back an attempt to make women’s clothes more inclusive for all body types, after demand for...
Microsoft Slows Some Hiring Amid Economic Uncertainty
Microsoft said it would be slowing down some of its hiring, making it the latest tech giant to become more...
Dollar Stores Earnings Show Strength in Face of Inflation
Listen to article(1 minute)Discount retailers Dollar General and Dollar Tree reported earnings that beat Wall Street’s subdued expectations, sending both...
China’s Covid-19 Lockdowns Hurt Sales of Starbucks Coffee, Adidas Sneakers
China’s strict Covid-19 lockdowns are hurting consumer spending for everything from coffee to sneakers and hotels, weighing on multinationals with...
Best Buy’s Sales Cool, and It Warns of a Rough Year Ahead
Best Buy expects higher supply-chain expenses to be worse than previously predicted this fiscal year.. Photo: Joe Raedle/Getty Images Electronics...
