Latest news on ‘Retail & Services’
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FedEx Profit Beats Estimates as Shipments Show Consumer Strength
Bloomberg – FedEx Corp. posted quarterly profit that beat analysts’ estimates as U.S. consumers bolstered by a better labor market increased holiday orders from online retailers.
Demand in the home delivery [...] -
Wal-Mart Profit Slips, Sales Gain, Company Predicts Stronger Holiday Sales
Forbes – Wal-Mart, America’s largest big-box retailer, reported a revenue gain for its third quarter, its first gain in two years. The company, which also operates Sam’s Club stores in [...]
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UPS May Hire 55,000 More for Holidays as Peak Shipping Gains
Bloomberg – United Parcel Service Inc. may hire 55,000 holiday workers this year, a 10 percent increase from 2010, to help with shipping gains bolstered by online shopping.
More than 120 [...] -
FedEx Lowers Outlook
Wall Street Journal – Weak demand from consumers in the U.S. and Europe for electronics manufactured in China has sapped strength from international air-freight volumes, a stark illustration of the [...]
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Buzz from Missoni fashion launch crashes Target’s website
Washington Post – NEW YORK — Sometimes, a fashion launch is just too enticing.
Target Inc.’s entire website crashed Tuesday, the day the cheap chic retailer launched the online sale of [...] -
Consumer spending rebounds, calms recession fears
WASHINGTON (Reuters) – U.S. consumer spending rose at its fastest pace in five months in July, backing views the economy was not falling back into recession, although pending sales of [...]
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Consumer Borrowing in U.S. Rises, Led by Credit Cards
Bloomberg – Consumer borrowing in the U.S. rose in May for the eighth straight month, led by a boost in credit card use and student loans.
Credit increased by $5.08 billion [...] -
Wal-Mart wins Supreme Court sex-bias ruling
WASHINGTON (Reuters) – The Supreme Court threw out on Monday a massive class-action sex-discrimination lawsuit against Wal-Mart Stores Inc, the biggest ever such case, in a major victory for the [...]
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Target raises quarterly dividend ahead of meeting
NEW YORK (AP) — Target Corp. raised its quarterly dividend by 5 cents to 30 cents, a 20 percent increase, as it sought to placate investors after a 22 percent [...]
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Wal-Mart to buy social media firm Kosmix
NEW YORK (Reuters) – Wal-Mart Stores Inc (NYSE:WMT – News) said on Monday it agreed to buy social media company Kosmix for an undisclosed sum, as the world’s largest retailer [...]
