Walmart Boosts Outlook After a Strong First Quarter
NEW YORK — Walmart reported a strong first quarter and boosted its outlook for the year as the nation’s largest retailer continues to draw budget-conscious consumers.
May 18, 2023Retail Sales Rise 0.4% in April
NEW YORK — Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things.
May 16, 2023Walmart, Target Begin Holiday Early to Ease Inflation Sting
NEW YORK — Walmart and Target plan to begin offering deals and price matching offers earlier this year to keep up with Americans pressed by soaring inflation and looking for ways to ease the potential sting of holiday shopping.
September 22, 2022Target Takes a Hit After Heavy Discounts to Clear Inventory
NEW YORK — Target reported solid sales for the fiscal second quarter but its profit plunged nearly 90% after it was forced to slash prices to clear unwanted inventories of clothing, home goods and electronics.
August 17, 2022Walmart Tops Q2 Expectations as Americans Continue Spending
NEW YORK — Walmart reported better-than-expected second-quarter results as more Americans looked to cut costs on groceries at the nation’s largest retailer in the face of surging inflation.
August 16, 2022Walmart Profit Drags as Inflation Takes a Bite
NEW YORK — Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation’s largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain.
May 17, 2022Lowe’s Posts Strong Q4 Results on Strong Housing Market
NEW YORK — Lowe’s Cos., the nation’s second-largest home improvement chain behind Home Depot, offered an upbeat annual outlook after reporting strong fiscal fourth-quarter results that showed a still sizzling housing market.
February 23, 2022January Retail Sales Surged 3.8% as Threat of Omicron Faded
NEW YORK — Americans picked up the pace of spending in January as the threat of omicron faded and there was some easing of supply shortages.
February 16, 2022Amazon Heads to the Mall With Prototype Clothing Store
Amazon .com Inc. plans to open a clothing store in a Southern California mall later this year, marking the latest foray into brick-and-mortar for the online retailing giant, which already sells more than 10% of all clothes in the U.S.
January 20, 2022December Retail Sales Slip After Record Holiday Season
NEW YORK — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Jan. 14 show that after spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.
January 14, 2022