Topline Shares of athletic apparel retailer Nike surged by nearly 10% on Wednesday, a day after the company reported financial results that crushed expectations thanks to booming online business during the coronavirus pandemic. Nike’s digital sales rose 82% last quarter, even as many of its stores reopened. Budrul Chukrut/SOPA Images/LightRocket via Getty Images Key Facts… More
TOPLINE Though many on Wall Street were surprised by Walmart’s recent announcement that it has teamed up with Microsoft in a bid to buy TikTok, a deal would allow the retailer to leverage the social media app to reach younger consumers and build its e-commerce platform, analysts say. A deal for TikTok could be a… More
In this Dec. 9, 2019, photo a girl hugs the Toys R Us mascot, Geoffrey, at the new store at a mall … [+] in Paramus, N.J To get shoppers to spend more on toys, stores want them to spend time first. Toys R Us opened its first two “experiential” stores under new ownership that… More
Back to school sale sign in the entrance to Skechers. (Photo by: Jeffrey Greenberg/Universal Images … [+] Group via Getty Images) Universal Images Group via Getty Images I love to drive racecars. And one thing that I’ve learned is that when you are driving at 150 mph, you need data inputs faster so you can… More
TOPLINE The S&P 500 is officially out of its 2020 bear market after hitting a new record high on Tuesday, and the massive rebound has been led by energy, homebuilding and retail companies whose shares have more than doubled over the last five months, according to Bloomberg data. Whirlpool’s logo on the front of a… More
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