After mixed reports from retail rivals, Walmart reported better-than-expected quarterly results and raised its sales forecast for the year.
Category: Shopping and Retail
-
Pop Mart Teases a Mini Labubu, Sending Stock Soaring
The grinning plush elves drove record revenue for the Chinese retailer in the first half of the year, and soon fans will have something new to lust after.
-
Trump Tariffs Spur Layoffs and Price Increases as Companies Face Tough Choices
Businesses that had been in a holding pattern during President Trump’s evolving trade war are starting to plan ahead with more conviction.
-
Thousands of Dollars Worth of Labubus Stolen From California Store
Demand for the trendy dolls, elf-like creatures with nine-tooth grins, has people lining up for hours to buy them.
-
Staggering U.S. Tariffs Begin as Trump Widens Trade War
The duties, which the president announced last week, took effect for about 90 countries just after midnight.
-
Claire’s, Teen Jewelry Chain, Files for Bankruptcy a 2nd Time
Once ubiquitous for ear piercing at the mall, Claire’s faced financial volatility along with other bricks-and-mortar retailers. It last filed for bankruptcy in 2018.
-
McDonald’s Sales Return to Growth, Pushed by Promotions
Return of the McCrispy chicken strips and a Minecraft movie tie-in brought diners back to the fast-food giant, which had seen sales stall in recent quarters.
-
Aldi’s Passionate, Cultlike Following Fuels Its Rapid Expansion Plans
“It feels like I’m at a bougie store, but I’m not paying bougie prices,” one shopper said of the discount grocer, which is set to open hundreds of stores as consumers look to save and buy organic.
-
It’s Time for That Often-Dreaded Task: Buying Back-to-School Supplies
Parents of children in kindergarten through high school are spending an average of $144, and that’s coming as families are feeling financial stress.
-
Amazon Reports $18.2 Billion in Profit Amid Strong Retail Demand
Consumers spent more than expected on the e-commerce giant’s site, while margins tightened at the company’s all-important cloud computing division.
-
How a Chinese Brand Reshaped Hong Kong’s Food Delivery Scene
Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets.
-
Starbucks Earnings Show Same-Store Sales Slid Amid Turnaround Effort
The C.E.O., Brian Niccol, said the coffee chain’s turnaround is in progress, and sales in China increased for first time in more than a year.