Retail
A tough task awaits Campbell Soup’s new CEO Mark Clouse
There is a pressing need for the food industry to innovate and adapt to the changing customer tastes. The current…
Retail Forecast: New vehicle sales in the US to dip this December
A new study shows that December this year could see a significant slide in new-vehicle retail sales in the US.…
Nike will sell cheaper self-lacing shoes next year
Nike (NKE) will launch its second-generation hi-tech self-lacing sneakers in 2019 at a cheaper price tag of $350. This was…
PepsiCo North America chief to retire, Frito-Lay and Beverages get new chiefs
PepsiCo, Inc. (PEP) announced today that its North America CEO Albert P. Carey will retire at the end of March…
Market: US futures point to lower open on shutdown concerns
US futures are pointing to a lower open in the stock market today after ending on a negative note on…
CarMax Q3 revenue misses estimates as comparable used car sales slip
Used-car retailer CarMax (KMX) posted its third-quarter earnings on Friday, Dec. 21 before the opening bell. Top-line fell short of…
Nike Q2 results beat on broad-based sales growth; stock gains 7%
Nike’s (NKE) recovery in North America gathered steam in the second quarter when the sneaker maker registered double-digit revenue growth,…
Altria announces minority stake in JUUL and cost reduction plans
Altria Group Inc. (MO) acquired a 35% stake in e-cigarette company JUUL Labs Inc. (JUUL) through a $12.8 billion investment…
Neogen stock drops on Q2 revenue miss; earnings decline
Neogen Corp. (NEOG) Thursday reported a decline in its second-quarter earnings, despite a 6% increase in revenues. While the overall…
Earnings: Walgreens Boots Alliance beats in Q1, announces cost management program
Walgreens Boots Alliance (WBA) Thursday reported first-quarter results that surpassed analysts’ expectations. Net sales increased 10% during the quarter to…
Pier 1 Imports stock drops 14% after Q3 results miss estimates
Shares of Pier 1 Imports (PIR) fell sharply Wednesday after the home decor company slipped to a net loss in…
Rite Aid posts better-than-expected Q3 earnings
Drugstore chain Rite Aid Corporation (RAD) slipped to a loss in the third quarter from a profit last year, due…
Allergan stock plunges to 5-year low after product recall in Europe
Allergan (AGN) suffered a major setback Wednesday after European regulators asked the company to stop the sale of its textured…
Canada-listed cannabis firm Harvest bags every license it applied for in Pennsylvania
Canada-listed Harvest Health & Recreation, Inc. announced it won every license it applied to open more retail stores. According to…
General Mills earnings miss estimates in second quarter
Cheerios-maker General Mills (GIS) posted its second-quarter earnings on Wednesday, Dec. 19 before the opening bell. Revenue rose 5% to…
Earnings preview: New markets hold the key for CarMax in the third quarter
Used-car retailer CarMax (KMX) is expected to post its third-quarter earnings on Friday, Dec. 21 before the opening bell. Signs…
Earnings preview: Conagra Brands likely to post upbeat Q2 results
Conagra Brands (CAG) is set to report its second-quarter results on Thursday before the market opens. The packaged food company…
Earnings preview: Will the North America retail curse catch up with Nike in Q2?
Nike Inc. (NKE) is touted to post its second-quarter results on Thursday, Dec. 20, after the market closes its regular…
Same-store traffic slows Darden Restaurants’ growth in second quarter
Darden Restaurants Inc. (DRI) posted its results for the second quarter on Tuesday, Dec. 18, before the opening bell. The…
Earnings Preview: Mixed sentiment ahead of Walgreens Q1 earnings
Pharmacy store chain Walgreens Boots Alliance (WBA) is scheduled to report its first-quarter earnings Thursday before the opening bell. It…
Rite Aid to report Q3 earnings as shares linger around record lows
There can never be a worse time to report quarterly results. Rite Aid (RAD) shares last week fell below $1,…