Retail

Retail
Amazon Earnings Soar In Q1

Amazon’s net sales and earnings continued to soar in the first quarter, although the e-commerce giant reported increased costs as it grew its fulfillment operations.

Retail
LIRA: Home Renovation Spending To Slow

Strong gains in home remodeling and repair activity are expected to ease moving into next year, according to the Leading Indicator of Remodeling Activity(LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Retail
Sur La Table Forms Partnership With Instacart

Instacart, a retail delivery service, has partnered with Sur La Table to allow customers to shop for housewares from their phones or laptops and have their orders delivered to their door, often in as little as an hour, according to the company.

Retail
Merger Process Weighs On Rite Aid Q4 Results

For the 14-week fourth quarter, as its ongoing merger attempt with Walgreens Boots continued, Rite Aid posted a company net loss of $21.1 million, or two cents per diluted share, versus company net earnings of $65.6 million, or six cents per diluted share, in the 13-week period a year earlier.

Retail
Report: Fleiss To Head New Walmart Innovation Business

At the recent ShopTalk trade show, Marc Lore, president and CEO of Walmart’s U.S. e-commerce division, revealed that Walmart would begin an innovation and technology development project funded by but separate from its other operations, adding that it would bring on its first partner in the initiative shortly.

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