Dollar General Raises Sales Forecast as Value Shopping Gains
Dollar General raised its annual comparable-sales forecast on Thursday, signaling continued strength as cost-of-living pressures push consumers toward lower-priced essentials. The retailer now expects same-store sales to increase 2.5% to 2.9%, up from its...
Best Buy Raises Full-Year Sales and Profit Forecasts
Best Buy has raised its full-year sales and profit forecasts, betting that an artificial intelligence-driven device upgrade cycle will help offset cautious consumer spending. The U.S. electronics retailer now expects annual revenue of $42.3...
Shein Valuation Slumps 70% as Hong Kong IPO Tests Investor Confidence
Online fast-fashion giant Shein is seeking to raise up to HK$13.86 billion ($1.77 billion) through its Hong Kong IPO, valuing the company at nearly $27 billion—about 70% below its $100 billion private-market peak in...
Target’s Grocery Bet Gains Momentum, but Broader Spending Is Key
Target’s grocery strategy is showing early signs of success, with food and beverage sales rising 7% in the quarter ended August 1, marking the category’s fastest growth in three years. The retailer has expanded...
Domino’s Faces Wage Underpayment Ruling
Domino’s Pizza Enterprises is considering an appeal after Australia’s Federal Court ruled that the company made misleading representations regarding the application of certain enterprise agreements covering its workers. The case was brought by a...
Amazon Expands Ultra-Fast Delivery With 1-Hour and 3-Hour Shipping Across U.S.
Amazon is accelerating its push into ultra-fast delivery, rolling out 1-hour and 3-hour shipping options across multiple U.S. markets, including Los Angeles and Chicago, as it intensifies competition with retail rival Walmart. The move...
Target removes some LGBTQ products after threats
US retailer Target has decided to remove certain items from its LGBTQ Pride Collection range due to threats and confrontations in some of its stores. The company stated that this step is necessary to...