Retail e-commerce sales

October 03, 2019 - 3:02 am

Strong summer sales makes H&M’s profit jump 25%

COPENHAGEN, Denmark (AP) — Low-cost fashion retailer Hennes & Mauritz AB says its third-quarter profit jumped 25% to 5 billion kronor on strong summer sales as the Swedish group’s recovery is well underway after a strategy shift. The Stockholm-based group says its quarterly sales increased by...
Read More
FILE - In this Aug. 25, 2019, file photo, a long line of unsold Clubman sports-utility vehicles sit at a Mini dealership in Highlands Ranch, Colo. On Friday, Sept. 13, the Commerce Department releases U.S. retail sales data for August. (AP Photo/David Zalubowski, File)
September 13, 2019 - 8:18 am

US retail sales rise moderately as auto-buying jumps

WASHINGTON (AP) — U.S. retail sales rose moderately in August, driven higher by a jump in auto buying and healthy online sales, evidence that consumers are still spending enough to support growth. The Commerce Department said Friday that retail sales increased 0.4% last month, down from a strong 0...
Read More
August 28, 2019 - 10:51 am

India liberalizes foreign direct investment to boost economy

NEW DELHI (AP) — India has decided to liberalize foreign direct investment in domestic manufacturing, coal mining and digital media and will also allow single-brand retailers to start online sales to infuse capital into the country and boost its economy. Commerce and Industry Minister Piyush Goyal...
Read More
FILE - In this June 3, 2019, file photo a shopping cart sits in the parking lot of a Target store in Marlborough, Mass. Target Corp. reports financial results Wednesday, Aug. 21. (AP Photo/Bill Sikes, File)
August 21, 2019 - 2:45 pm

Retailers' results show sharp divide between losers, winners

NEW YORK (AP) — The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better...
Read More
FILE - In this July 10, 2019, file photo shoppers visit the downtown Target Store in Minneapolis. Target Corp. reports financial results Wednesday, Aug. 21. (AP Photo/Jim Mone, File)
August 21, 2019 - 6:34 am

No misfires from Target in second quarter and profits soar

NEW YORK (AP) — Target topped expectations in just about any way measureable during the second quarter as it pushes faster delivery and invests heavily in new private label brands. Comparable store sales, which include online sales, rose 3.4 % as customer traffic jumped 2.4%. The measure includes...
Read More
FILE- This May 3, 2017, file photo shows the Target logo on a store in Upper Saint Clair, Pa. An aggressive campaign at Target to let customers do more online is paying off. The retailer on Wednesday, May 22, 2019, exceeded first quarter expectations on just about every level, saying the same day services it's rolled out in recent years drove more than 25 percent of comparable sales growth. (AP Photo/Gene J. Puskar, File)
May 22, 2019 - 9:32 am

Target's online game is on target

NEW YORK (AP) — An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it's rolled out, including picking up online orders at the store, drove more than 25% of...
Read More
In this undated photo provided by Best Buy, the company's chief financial and strategic transformation officer, Corie Barry, poses for a portrait. Best Buy announced that Barry, 43, will become the company's CEO effective June 11, taking over from current CEO Hubert Joly, who will become executive chairman of the board after stepping down. (Best Buy via AP)
April 15, 2019 - 12:46 pm

Best Buy names new CEO as Hubert Joly steps down

NEW YORK (AP) — The executive credited with reviving a struggling Best Buy is stepping aside. Hubert Joly, 59, is handing leadership of the reinvigorated electronics retailer to longtime executive Corie Barry, 43, as part of the company's succession plan effective June 11. Barry, who is currently...
Read More
FILE- In this July 6, 2018, file photo prospective customers confer with sales associates as a Model 3 sits on display in a Tesla showroom in the Cherry Creek Mall in Denver. Tesla is walking back its plan to close most retail stores worldwide in a move the company says will force it to raise prices on most of its electric vehicles. The company still will move to online-only sales, but now says it won't close as many stores as originally thought. Tesla announced last month that it would shutter most of its stores to cut costs so it could sell its lower-priced Model 3 for $35,000. (AP Photo/David Zalubowski, File)
March 11, 2019 - 10:27 am

Tesla walks back its plan to close most showrooms

DETROIT (AP) — Tesla is walking back plans to close most of its showrooms worldwide and announced price hikes for most of its electric vehicles. Tesla announced last month that it would shutter most of its stores to cut costs so it could sell its lower-priced Model 3 for $35,000. The company...
Read More
FILE - This May 3, 2017, file photo shows a Target store in Omaha, Neb. Strong online sales and more shoppers helped push Target’s fourth-quarter results past Wall Street’s expectations. The chain’s remodeling and expanded delivery services enticed shoppers to buy during the critical holiday season. The retailer reported a 31 percent jump in comparable digital sales, with same-store sales up 5.3 percent. (AP Photo/Nati Harnik, File)
March 05, 2019 - 7:00 am

Target hits on all cylinders in the fourth quarter

MINNEAPOLIS (AP) — Strong online sales, traffic growth in newly remodeled stores and expanded delivery options pushed Target beyond most expectations in the crucial fourth quarter, when retailers ring up holiday sales. Target, which is fighting with Walmart as well as Amazon for online dominance,...
Read More
FILE- In this Nov. 9, 2018, file photo shoppers look at toys at a Walmart Supercenter in Houston. Walmart Inc. reports financial results Tuesday, Feb. 19, 2019. (AP Photo/David J. Phillip, File)
February 19, 2019 - 6:46 am

Walmart flexes in the fourth quarter, beats all expectations

NEW YORK (AP) — Walmart delivered a quarterly report that beat expectations on profit and revenue, and e-commerce sales surged during the critical holiday period. Shares moved sharply higher before the opening bell Tuesday. Walmart is the first major retailer to deliver fourth-quarter results and...
Read More

Pages