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Etsy CEO Hopes to Build More E-Commerce Market Share No Matter What Happens With Covid
Etsy CEO Josh Silverman told CNBC he hopes the online marketplace can outpace the growth of e-commerce overall, adding to its strong pandemic performance.
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Etsy Stock Surges on Earnings Beat and Strong Guidance
The e-commerce company crushed Wall Street’s estimates for the fourth quarter and provided upbeat guidance for the current quarter.
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Best Buy Is Speeding Changes to Adapt to a Post-Pandemic Consumer: Smaller—and Fewer—Stores Ahead
The retailer is reducing its headcount, testing smaller stores and evaluating the size of its store footprint across the country.
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Best Buy Earnings Beat Expectations, But Shares Fall as Sales Growth Slows
Sales growth slowed, and the retailer expects the pace will weaken even further as people shift spending away from their homes.
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Best Buy Braces for Rivals to Slash Prices and Dangle Deals as Pandemic-Fueled Demand Fades
The retailer and its competitors saw heavy demand during the global health crisis, creating less need to sell items at a discount.
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Wayfair Sales Come Up Short, But the Retailer Says Demand for Home Goods Online Is Strong
Wayfair gained more customers during the fourth quarter, but they bought smaller, less-expensive items, dragging down average order values.
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L Brands Shares Rise on Victoria's Secret Owner's Earnings Beat, Strong First-Quarter Outlook
Victoria’s Secret parent L Brands reported fourth-quarter earnings that topped analysts’ estimates, but sales fell short due to weakness at its lingerie brand.
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Lowe's Tops Earnings Estimates as Same-Store Sales Jump 28%, Warns That Some DIY Trends Could Fade
Lowe’s said fourth-quarter same-store sales climbed 28.1%, as consumers spent money on home projects during the pandemic.
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U.S. Retail Sales to Rise 6.5% to 8.2% in 2021, as Covid Vaccine Triggers Fastest Economic Growth in Over Two Decades, NRF Says
Retail sales are expected to grow in 2021 between 6.5% and 8.2%, amounting to more than $4.33 trillion, the National Retail Federation said Wednesday.
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Gap to Invest $140 Million to Build Texas Warehouse as Online Sales Swell
The Longview, Texas, warehouse will be able to process 1 million packages per day as Gap tries to double its online business over the next two years.
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Instacart Adds Board Members, Including Facebook's Fidji Simo, as It Preps IPO
The appointments represent the first independent members and first woman to join the board of the nearly decade-old company, recently valued at $17.7 billion.
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Home Depot Tops Estimates as Sales Surge 25%, But Shares Fall on Worries Pandemic Gains Won't Last
The home improvement retailer said it does not know how long the pandemic will last and what that will mean for consumer spending.
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Read the Memo Amazon Exec Jeff Blackburn Sent to Employees Announcing He's Leaving the Company
Blackburn, who was on leave for a year-long sabbatical, was one of Bezos’ top lieutenants during his 22-year tenure at Amazon.
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Macy's Holiday Sales Top Estimates, Lifting Company to Its First Profitable Quarter in a Year
Macy’s reported its first quarterly profit in a year, as its efforts to slash inventories during the holiday quarter and rely less on deep discounting paid off.
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Carmakers Have Been Hit Hard by a Global Chip Shortage — Here's Why
Silicon chips are the lifeblood of the tech-obsessed world we live in, but today they’re in short supply.
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Groceries and Sporting Goods Were Big Gainers in the Covid E-Commerce Boom of 2020
E-commerce claimed 14% of total retail sales in 2020, up from 11% in 2019.
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Walmart to Hike Wages for 425,000 Workers to Average Above $15 an Hour
Walmart said its minimum starting wage for workers will remain at $11 an hour. Rivals Amazon and Target have made their starting pay $15 an hour.
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Walmart Shares Fall on Earnings Miss, Retailer Sees Sales Growth Slowing in Coming Year
The big-box retailer’s fourth-quarter earnings missed Wall Street’s expectations as it tries to turn pandemic gains into sustained momentum.
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Why Walmart's CEO Says Americans Urgently Need Another Stimulus Check
Walmart CEO Doug McMillon said more customers spent their recent stimulus checks on necessities, such as groceries.
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Why an Emboldened Walmart Is Looking to Beyond Retail for Future Growth
The retail giant wants to build an ecosystem of services, from offering financial products to delivering groceries to customers’ fridges.