The retailer will close locations in New York, San Francisco, Seattle and Portland, saying its business had been hurt and the safety of employees and customers was at risk.
Category: Company Reports
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Amazon Prime Video Will Start Showing Commercials Next Year
Seeking to raise revenue, Amazon said that U.S. subscribers to its streaming service could opt for an ad-free version for an extra $2.99 per month.
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Instacart Was All About Grocery Delivery. No Longer.
As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company.
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Instacart Was All About Grocery Delivery. No Longer.
As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company.
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LVMH’s Bernard Arnault Is the King of Luxury, but Who Is Next to the Throne?
With brands like Tiffany, Dom Pérignon and Louis Vuitton, LVMH turned him into one of the world’s richest men. But with five children, he has a hard decision to make.
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Investors Warily Await the Instacart and Arm I.P.O.s
The valuations for both companies have come in below expectations, reflecting a cautious outlook on Wall Street as firms start to go public again after a fallow patch.
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China’s Biggest Homebuilder Fights to Survive as Economic Crisis Deepens
Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.
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UBS Reports $29 Billion Profit, a Record
The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.
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U.S. Consumers Are Showing Signs of Stress, Retailers Say
Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.
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Arm, the Chip Designer, Files for an I.P.O. Expected to Be Among the Largest
The I.P.O. filing means Arm can begin to gauge investor interest, which will be critical to the share sale.
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Walmart Records Strong Sales as It Draws More Shoppers
The retail giant raised its forecasts for revenue and profit this year, as it attracts consumers seeking cheaper groceries and other essentials.
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Target’s Sales Hit by Pride Month Merchandise Backlash
The retailer’s quarterly sales fell, in part because of boycotts over Pride-themed displays, and it cut its forecast for the full year.