The news: Walmart raised its sales and profit forecast for the second time this year, driving shares to a record high as consumers saw strong demand for everyday goods amid high inflation. The numbers: Shares rose as much as 8.4 percent to a record high of $74.43 on Thursday after the world’s largest retailer said […]
ATLANTA (TND) — Home Depot said Tuesday that customers are cutting back on spending due to higher interest rates and economic uncertainty. The retailer’s sales for the second quarter of this fiscal year fell 3.3 percent compared to the same period last year. Net profit also shrank by $100 million, according to the company. “During […]
Open this photo in the gallery: Shoppers walk through the Eaton Centre in Toronto on June 5.Sammy Kogan/The Globe and Mail Joanne McNeish is a professor at the Ted Rogers School of Management at Toronto Metropolitan University Public opinion and retail consultants have been predicting the decline of brick-and-mortar retail for decades. Such forecasts have […]
On August 4, Ma, from Liaoning Province in northeast China, won the award for her portrayal of the character Li Maojuan in director Zhang Yimou’s film Article 20. She plays a brave and protective mother, a character that resonated with audiences on the mainland. Ma Li made history by becoming the first comedian in China […]
Take Skift Vacasa’s weaknesses were obvious long before the vacation rental market became weaker. Now they’re even harder to fix. Dennis Schaal Vacasa managed 40,000 homes at the end of the second quarter, down 4,000 from a year earlier, as owners expressed dissatisfaction with rates and yields, as well as with communication between owners and […]
After a collapse last week and a slight price recovery, U.S. stock markets have now seen another decline. Airbnb Inc. reported disappointing prospects and weak demand, and its shares plunged on Wednesday. According to the Daily Mail, Airbnb shares fell 14% after the company reported an 8.7% increase in bookings in the second quarter, which […]
