Retail Sales

La-Z-Boy Inc. (NYSE:LZB) shares jumped 17.66% to $41.25 in after-hours trading Tuesday after the furniture maker reported fiscal fourth quarter results where earnings per share and revenue both topped analyst estimates. The data was reported for the period ended Apr. 25. EPS Blows Past Estimates...

On Tuesday, Yum Brands Inc. (NYSE:YUM) confirmed the sale of its subsidiary, Pizza Hut, to private equity firm LongRange Capital for nearly $1.5 billion. The Mainland China operations of Pizza Hut will be taken over by Yum China Holdings, Inc. (NYSE:YUMC) for nearly $1.2 billion. The...

On the brink of the FIFA World Cup 2026, Nike Inc. (NYSE:NKE) faced a stock downgrade from RBC Capital Markets. The firm lowered its share price target from $70 to $50, citing slower-than-expected revenue growth. The analysts, led by Piral Dadhania, have revised their outlook for the...

On the brink of the FIFA World Cup 2026, Nike Inc. (NYSE:NKE) faced a stock downgrade from RBC Capital Markets. The firm lowered its share price target from $70 to $50, citing slower-than-expected revenue growth. The analysts, led by Piral Dadhania, have revised their outlook for the...

Retail investors talked up five hot stocks this week (June 1 to June 5) on X and Reddit’s r/WallStreetBets, driven by retail hype, earnings, AI infrastructure momentum, and corporate/geopolitical news flow. Marvell Technology Inc. (NASDAQ:MRVL), Broadcom Inc. (NASDAQ:AVGO), CrowdStrike...

Costco Wholesale Corporation (NASDAQ:COST) stock is trading relatively flat on Friday. On Thursday, Costco reported third-quarter results, where it highlighted strong consumer demand, rising digital engagement and record fuel volumes as executives discussed third-quarter performance during the...

The shares of Lululemon Athletica Inc. (NASDAQ:LULU) climbed 3.4% during the pre-market trading session on Wednesday, as the company put an end to its ongoing feud with founder Chip Wilson. The athletic apparel company announced on Wednesday that it will appoint two of Wilson’s nominees...

Tesla Inc. (NASDAQ:TSLA), BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) and Geely Automobile Holdings Ltd. (OTC:GELHY) (OTC:GELYF) posted positive sales growth in the European market during April as EV sales grow in the region. EVs Reach Almost 20% Market Share On Wednesday, the European Automobile...

Wall Street strategists are sounding the alarm on a diverging U.S. economy, where booming stock indexes mask the severe daily struggles of everyday Americans. Recent market data and corporate earnings confirm the reality of a “K-shaped” consumer landscape. Wall Street Flags A Market...

The Korean unit of Starbucks (NASDAQ:SBUX), operated by the Shinsegae Group, is experiencing a significant sales decline due to a controversial marketing campaign that has sparked public outrage. The contentious marketing campaign coincided with the anniversary of the May 18 Gwangju Uprising,...

The discount e-commerce company has been approved to spin off two of its brick-and-mortar outlet stores into a REIT, with another 18 similar projects image credit: Bamboo Works Key Takeaways: Vipshop reported its revenue rose 1.2% in the first quarter, representing only its second growth in the...

Bill Simon, Former CEO of Walmart U.S., weighed in on Walmart Inc. (NASDAQ:WMT) first-quarter results and its stock valuation. Simon commended the company’s digital sales growth in its recent quarter, despite the economic challenges presented by high gas prices. Speaking on CNBC...

The ongoing feud between Lululemon Athletica Inc. (NASDAQ:LULU) and its founder, Chip Wilson, has taken a public turn. The company has publicly criticized Wilson’s “outdated perspectives” and “troubling conflicts of interest” and announced June 25 as the date for its...

Amid mounting pressure on U.S. pizza chains from weaker consumer spending and slowing restaurant traffic, Washington-based wood-fired pizza chain Smoking Monkey Pizza filed for Chapter 11 bankruptcy this week as it seeks to restructure its debt and reorganize operations. Parent company TB...

Amazon Inc. (NASDAQ:AMZN) is swapping out its Rufus chatbot for Alexa, positioning it as the core of its AI shopping strategy. The e-commerce giant introduced Alexa for Shopping, a new AI shopping bot on Wednesday. This new tool merges the functionalities of Rufus and Alexa+, utilizing user...