Retail

Gap to Conduct Layoffs, Cutting 1,800 Corporate Jobs

HS 28/04/2023

The cuts, which are expected to result in $300 million in annualized savings, are happening mainly at the retailer’s San...

Bed Bath & Beyond Files for Bankruptcy

HS 24/04/2023

Years of losses and a failed turnaround plan left the retailer struggling to stock stores. The company expects all its...

Apple Opens Its First Retail Store in India

HS 18/04/2023

The tech company opened a bricks-and-mortar location in Mumbai and is planning to open a second location Thursday in New...

Americans to Be Barred From Buying Ozempic in British Columbia

HS 29/03/2023

Provincial health officials urged doctors and pharmacists to make sure people are taking the drug to treat diabetes, not lose...

Alibaba to Split Into Six Groups and Explore IPOs in a Departure From Jack Ma Era

HS 28/03/2023

The biggest structural overhaul in the Chinese tech company’s history comes days after co-founder Jack Ma returned to mainland China....

Alibaba Co-Founder Jack Ma Returns to China After a Year Away

HS 28/03/2023

TechBillionaire’s trip home comes as Beijing eases tech crackdown that hit business confidence Source link

Amazon to Cut 9,000 More Jobs After Earlier Layoffs

HS 21/03/2023

CEO Andy Jassy cited an ‘uncertain economy’ and more uncertainty in the near future. Source link

February Retail Sales to Show if Consumers Pulled Back

HS 15/03/2023

Credit- and debit-card data showed spending lost momentum. Source link

WSJ News Exclusive | Amazon, Rivian in Talks to End Exclusivity Part of Delivery-Van Pact

HS 13/03/2023

The online retailer has notified the EV maker that it wants to buy about 10,000 vans this year, which is...

A Supermarket Megamerger Will Redefine What You Buy at the Grocery Store

HS 11/03/2023

Kroger and Albertsons want to merge in a $20 billion deal. If antitrust regulators approve, the definition of a grocery...

This Department-Store Stock Has Trounced Apple, Amazon and Tesla

HS 04/03/2023

Family-controlled Dillard’s has combined share buybacks with keeping costs down, inventory tight and staff engaged with “nearly fanatical” customers. Source...

Amazon HQ2 Delay Isn’t a Concern, Northern Virginia Officials Say

HS 04/03/2023

The company said it is holding off on moving forward with the second phase of its corporate campus in Northern...

Amazon Pausing Construction of Washington, D.C.-Area Second Headquarters

HS 03/03/2023

A first phase of the project with two office towers is nearly complete. Source link

Macy’s, Best Buy Sales Decline, Reflecting Shopper Pullback

HS 02/03/2023

Macy’s said its sales were down 4.6% in the fourth quarter, and Best Buy said its U.S. sales for the...

Moderna’s Earnings, Revenue Fall on Fewer Covid Vaccine Sales

HS 23/02/2023

Demand for its Covid-19 vaccine sank from year-earlier highs when the spread of the Omicron variant boosted sales. Source link

Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market

HS 09/02/2023

By Sarah Chaney Cambon and Ray A. SmithFeb. 9, 2023 8:01 am ETListen to article(2 minutes)Interest rates are rising, inflation...

WSJ News Exclusive | CVS Nearing $10.5 Billion Deal for Primary-Care Provider Oak Street Health

HS 07/02/2023

WSJ News ExclusiveHealthThe deal would expand the health insurer and pharmacy chain’s role in medical care Source link

Adani Offshore Investor Has Links to Adani Family

HS 04/02/2023

BusinessAsiaA short seller’s allegations of fraud by Gautam Adani’s conglomerate center on whether his family wielded influence over Mauritius-based investors...