financial news

Walmart Generates 69% Online Sales Growth in Q4, Plans Wage Increases for 425,000 Workers

Walmart reported 69% online sales growth and an 8.6% same-store sales bump in the U.S. during Q4 2021, which ended Jan 31,…

Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s

Macy’s is one of many retailers reeling from the COVID-19 outbreak, furloughing most of its 130,000 employees after closing its 800+ stores….

Brooklinen Secures $50 Million Investment To Open 30 Stores By 2023, Expand Globally

Brooklinen, the DTC luxury bedding and home essentials retailer, has raised $50 million to expand its brick-and-mortar footprint, enter new domestic and…

The Home Depot, TJX And Best Buy Shine Brightest In Q4 But It’s Dark Days For Department Stores

While Walmart and Target may have underwhelmed in November and December 2019, the full holiday season produced clear-cut winners and losers —…

Macy’s Earnings And Revenue Beat Estimates, But Sales Declines Weigh Heavily On 2020

Three weeks after revealing it would close 125 of its 680+ stores as part implementing its “Polaris” strategy, Macy’s reported Q4 earnings…

Amazon Shatters Profit Expectations For Holiday Quarter, Surpasses 150 Million Prime Members

Investments in one-day delivery may have contributed to earnings misses at Amazon in Q2 and Q3, but they seriously paid off for…

Farfetch Eyes China Expansion With $250 Million Investment

Farfetch, an online luxury fashion platform, has raised $250 million from China-based Tencent Holdings and Dragoneer Investment Group to support its global…

Retail Robotics Firm Raises $263 Million In Funding Round

Berkshire Grey, a robotics and AI company that offers retail, e-Commerce and logistics fulfillment automation solutions, has raised $263 million in Series…

Summersalt Raises $17M To Expand Into More Apparel Categories

Summersalt, a direct-to-consumer swimwear and travelwear brand, has secured a $17 million Series B funding round led by Mercato Partners. With the…

GameStop Shares Drop Nearly 20% Following 23% Comp Sales Decline

GameStop’s tough 2019 continues: the video game retailer posted a dismal Q3 earnings report in which net sales sank 25.7% to $1.4…

Namogoo Raises $40M In Series C Funding Round

Namogoo, which offers solutions designed to prevent customer journey hijacking online, has raised $40 million in a Series C funding round. Led…

One-Day Delivery Investments Slice Amazon Q3 Profits As Business Pivots Back To Growth

Amazon’s $800 million investment in one-day delivery has resulted in an earnings miss for the second straight quarter, but beyond Wall Street’s panicky…

Leveraging Customer Insights to Drive Personalization – A Retail Perspective

Supply Chain Impacts, Understaffed Stores Create Customer Loyalty Challenges

Streamline Product Data Management to Maximize Multichannel Growth

From Merchant-Centric to Customer-Centric: How to Transform Online Product Discovery

The 2022 Holiday Planning Guide for Retailers

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