Unilever Plc’s Fernando Fernandez haslucked out by selling the company’s food businesses, including Hellmann’s mayonnaise and Knorr stock cubes, to McCormick & Co. But Fernandez, who’s been chief executive officer for just over a year, shouldn’t squander his good fortune; he needs a clear vision for what comes next.
Since the dawn of retail, merchants’ primary job has been to tempt human shoppers to part with their cash. Now they have a new customer to woo: the bots.
Walmart Inc., TJX Cos Inc. and Lowes Cos. each upgraded their forecasts this week; Home Depot Inc. returned to sales growth. All the good news means the retail sector is doing fine, right?
Consumer companies can cope with the baby bust. They just have to pivot to baby boomers.
When it comes to fakes and dupes, of everything from Lululemon Athletica Inc. leggings to Dior handbags, imitations are most threatening when the real thing isn’t delivering.
Primark — the fast-growing “cheap chic” clothing brand owned Associated British Foods Plc. — faces a muscular Chinese rival in the form of Shein. The last thing it needs is turmoil in its top ranks.
With interest rates lower, inflation collapsing and wages rising faster than prices, there’s potential for a very happy holiday for US retailers.
After being on the frontline of the pandemic, then grappling with an edgy public and a spike in shoplifting, its been a tough few years to work retail. But for Walmart Inc. managers, at least, things are looking up.
What happens when the world’s biggest retailer decides it wants what’s yours? Target is about to find out.
Aside from the big box bloodbath of 2022, when an abrupt halt in buying left Walmart Inc. sitting on too many sweatpants and patio sets, the world’s biggest retailer has been one of the beneficiaries from inflation.
A profit warning in the week leading up to Christmas is never a good look. This year’s shock has been provided by Superdry Plc. With just a few shopping days to go until the holiday, investors should be braced for more bad news from other retailers.
If it feels like the winter holiday season starts earlier every year, that’s because it does.
On Monday Walmart warned on profit for a second time in just over two months. That is an ominous sign for the whole consumer sector and the broader US economy.
The world’s biggest retailer on Tuesday reported profit that fell short of Wall Street expectations and downgraded its outlook for full-year earnings per share from a mid-single digit increase to a 1% decline. Chief Executive Officer Doug McMillon said the bottom-line results were “unexpected” and reflecte the “unusual” environment. Walmart shares tumbled more than 11% on Tuesday, the most in 35 years.
The threat of U.S. stagflation has investors treating supermarkets and other consumer staples companies like the high-flying tech stocks of yesteryear. The shares have trounced their consumer discretionary peers by the widest margin in two decades, and the outperformance probably has room to continue.
Whether choosing restaurant dinners delivered to their door or at-home meal kits, many Americans have prioritized convenience over cost for the past two years. Food delivery was a big beneficiary. Now accelerating inflation, combined with easing fears about eating in restaurants as Covid cases drop, threaten to deflate the delivery boom. I
Flush from soaring stock markets and surging cryptocurrencies, the U.S. was the surprise leader of the luxury sector last year, as people splashed out on everything from Cartier jewelry to Christian Dior handbags.
Walk into a U.S. supermarket, and chances are you’ll see some empty shelves once more. It’s an unwelcome throwback to earlier stages of the pandemic.
Once we get the pandemic under control, working from home will be welcomed by cost-cutting companies and staff who dread the daily commute. But for the owners of commercial property the consequences may be severe.
