Neil Saunders News

26.03 / 16:11

markets UPS Digital Strategy MicroStrategy GameStop Bitcoin GameStop rage-quit 1,000 stores—Now it’s betting on Bitcoin: Will Crypto be its ultimate cheat code or is it game over?

Why is this happening? The company has struggled to keep up with the shift towards digital game purchases and streaming services. Physical game sales, once its bread and butter, are in decline. Instead of adapting fast enough, GameStop has found itself losing relevance in an industry that’s rapidly evolving.

23.01 / 12:15

Action Apple Research Diversity inclusion Courts Colleges Costco defends its diversity policies as other US companies scale theirs back

Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices

25.11 / 17:43

UPS CEO Sustainability Research performer innovations Bath & Body Works sees strong sales in Q3, raises full-year outlook

Bath & Body Works fiscal third-quarter performance topped analysts’ estimates thanks to strong sales and the retailer boosted its full-year outlook

12.11 / 14:03

markets UPS CEO wellness President performer reports Home Depot's Q3 results top Wall Street as pullback in consumer spending eases a bit

Home Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe than in the past, and its performance beat Wall Street’s expectations

16.10 / 03:39

UPS Citi CEO country Destinations Walgreens to close 1,200 US stores as chain attempts to steady operations at home

Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience

02.10 / 00:03

UPS CEO innovations reports Sporting wrestling Nike's quarterly sales and profits slump as it faces shoppers' sluggish demand for its products

Nike has reported a slump in sales and profits for its fiscal first quarter as the sportswear giant wrestles with shoppers’ sluggish demand for new sneaker models

05.09 / 01:23

UPS Trade track reports Department The century-old Nordstrom department store chain gets a $3.76 billion bid from the Nordstrom family

Members of the Nordstrom family are teaming up with a Mexican retail group and are offering to take the department store retailer private at $23 per share cash, months after first expressing interest in a buyout

20.08 / 20:58

markets UPS Food wellness Banner Department Owner of the 7-Eleven convenience store chain gets takeover bid from Canada’s Couche-Tard

The owner of 7-Eleven convenience stores has received a buyout offer for from Canada’s Alimentation Couche-Tard

13.08 / 17:36

COST UPS Provident Booking performer Home Depot, sensing uneasy economic vibe from homeowners and contractors, trims outlook for 2024

Home Depot’s second quarter sales rose slightly as the nation’s biggest home improvement retailer booked gains from a recent acquisition, but customers reined in spending because of broadly higher costs and elevated interest rates

06.08 / 01:39

markets Analysis community country Inside testing patient Drugstores tinker with new looks as their usual way of doing business faces challenges

America’s drugstores are testing smaller locations and more ways to offer care as more store closings loom

12.07 / 13:59

markets UPS CEO wellness 2020 reports Department Parent company of Saks Fifth Avenue to buy rival Neiman Marcus

The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake

28.05 / 08:37

COST UPS Target CEO Celebrity cover reports Major retailers are offering summer deals to entice inflation-weary shoppers

Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather

14.05 / 17:47

COST Provident economy Pool Research pandemic Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales

Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed start to...

01.05 / 03:09

COST UPS Platform Trade show reports Amazon triples quarterly profit as cloud surges

Ecommerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. Amazon shares were up about one percent in after-market trades that followed release of the earnings figures, with Wall Street keeping a close eye on the impact of AI as well as costs involved.

28.03 / 15:43

COST UPS Food Research show Trader Joe's upped the price of its bananas for the first time in decades. Here's why

It may not be too “appeeling,” but the price of some bananas are rising by a few cents

13.03 / 20:39

UPS Research Trade War Traffic Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss

Dollar Tree will close nearly 1,000 stores and swung to a surprise fourth quarter loss as the discount retailer took a related $1.07 billion goodwill impairment charge

20.02 / 16:29

markets CEO Research wellness Lowe’s country reports Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024

Home Depot’s sales continued to weaken in its fiscal fourth quarter, as the country’s largest home improvement retailer deals with Americans who remain concerned about high mortgage rates and inflation

16.02 / 15:17

markets COST Target Adidas innovations reports Nike to cut about 2% jobs to lower costs as demand weakens

By Gursimran Mehar and Ananya Mariam Rajesh

23.01 / 17:56

UPS Provident FIVE CEO pandemic Department gatherings Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital

Macy’s rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan

12.12 / 12:53

economy President beautiful reports Department Macy’s Billion-Dollar Question: What’s More Valuable, Real Estate or the Business?

A potential buyout of Macy’s by an investor group revives an old theory: that much of the value in retail lies in real estate. Macy’s shares surged Monday after a Wall Street Journal report that Arkhouse Management and Brigade Capital Management submitted a buyout proposal Dec. 1 valued at $5.8 billion.

24.08 / 16:29

UPS Platform country audience social Shein and Forever 21 team up in hopes of expanding reach of both fast-fashion retailers

Fast fashion retailers Shein and Forever 21 are going into business together

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