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News
Walmart more 'upside and bullish than bearish in my eyes': Gardner – BNN Bloomberg
2+ day, 22+ hour ago (171+ words) Walmart more 'upside and bullish than bearish in my eyes': Gardner BNN Bloomberg Walmart more 'upside and bullish than bearish in my eyes': Gardner Brianne Gardner, senior wealth manager at Velocity Investment Partners, Raymond James, joins BNN Bloomberg to share…...
U.S. wholesale prices moved higher last month
2+ day, 23+ hour ago (241+ words) in latest sign of stubborn inflation BNN Bloomberg wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated The Labor Departmentâs producer price…...
Tariff price hikes may take time to hit shelves as retailers work through inventory
3+ day, 16+ hour ago (218+ words) OTTAWA — Canada’s counter-tariffs on U.S. goods have spurred a fresh flood of retaliatory measures, but retail experts say there will be a short lag before shoppers see price increases on store shelves. Matt Poirier with the Retail Council of…...
U.S. official takes shot at West Edmonton Mall submarines amid trade war – BNN Bloomberg
1+ week, 5+ day ago (173+ words) U.S. official takes shot at West Edmonton Mall submarines amid trade war bnnbloomberg.ca U.S. official takes shot at West Edmonton Mall submarines amid trade war United States Secretary of the Treasury Scott Bessent took a shot at Canada's military on Monday,…...
SK Hynix to start AI chip volume production in Indiana in 2029
2+ week, 2+ day ago (459+ words) South Korean chipmaker SK Hynix said on Thursday it plans to begin volume production of its next-generation HBM4E chips at its Indiana facility in the third quarter of 2029, and expects the site to eventually reach annual capacity of hundreds of thousands…...
U.S. dollar stores beat sales estimates as cheaper essentials in demand
2+ week, 2+ day ago (443+ words) Dollar General and Dollar Tree surpassed quarterly sales estimates on Thursday as lower-priced essentials drove consumers to their stores at a time of economic uncertainty and tariff refunds provided an earnings boost. Shares of Dollar General jumped about 8 per cent…...
Abercrombie raises full-year sales forecast on resilient apparel demand
2+ week, 3+ day ago (163+ words) Abercrombie & Fitch raised its full-year sales forecast on Wednesday, as demand for its apparel brands remained resilient despite weakness in international markets. Shares of the New Albany, Ohio-based retailer rose 11 per cent in premarket trading. The company now expects full-year…...
Department store chain Kohl’s misses quarterly sales estimates amid cautious spending
2+ week, 3+ day ago (226+ words) Kohl’s missed Wall Street estimates for second-quarter sales on Wednesday, as cautious consumer spending on discretionary items offset gains from the high-end department chain’s turnaround push, sending its shares down about 5 per cent before the bell. The company, however, raised…...
Walmart strong again in second quarter, but its outlook is reserved
3+ week, 2+ day ago (425+ words) Shares slid 6 per cent before the opening bell. Comparable sales in U.S. stores, those coming from stores open at least a year as well as online sales tied to those locations, rose 2.6 per cent. That followed a 4.1 per cent increase during…...
A new look and fresh merch are winning customers back at Target as sales rebound
3+ week, 3+ day ago (787+ words) NEW YORK — Target reported its second straight quarter of comparable sales gains on Wednesday, saying that a merchandising overhaul under the retailer’s new CEO is attracting more customers and boosting sales throughout its stores. The retailer also benefited from a…...