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The Latest Breaking News from Neil Saunders

Walmart Warns Of Higher Prices Due To Tariffs

Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over President Donald Trump's tariffs.

International Business Times

What customers can expect as Rite Aid closes or sells all its drugstores

Rite Aid customers can expect their local store to close or change ownership in the next few months as the struggling drugstore chain goes through another bankruptcy filing

The Independent UK

Dollar Tree Abandons Family Dollar, Closing Chapter on Costly Merger

Dollar Tree is selling Family Dollar for $1 billion, ending a troubled decade-long merger.

International Business Times

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Dollar Tree sells Family Dollar business to private-equity investors for $1 billion — here’s what it means

Following the sale, Dollar Tree will move forward with ‘significant planned new store openings’ across the country

The Independent UK

Target has a plan to add $15 billion to its sales by 2030, but it has plenty of problems to fix to get there

The cheap-chic retailer plans to add $15 billion to its top line.

Fortune

Walmart Sales Rise But Shares Tumble On Forecast

Walmart reported solid fourth-quarter results Thursday behind higher US sales, but shares tumbled after its quarterly and annual projections missed estimates.

International Business Times

The King Of Retail Has Fallen: Amazon Overtakes Walmart In Revenue For The First Time

Fueled by e-commerce growth and its cloud business, Amazon has surpassed Walmart in quarterly revenue for the first time, marking a major shift in retail.

International Business Times UK

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Amazon just dethroned Walmart in quarterly revenue for the first time ever with a bombshell $187.8 billion in sales

Walmart held the top spot in quarterly sales for more than a decade.

Fortune

Costco Rejects Anti-DEI Trend, Votes to Keep Diversity Policies in Place: 'An Enterprise Rooted in Respect and Inclusion'

Costco's shareholders overwhelmingly voted against a proposal that would scale back the company's diversity, equity and inclusion efforts.

Latin Times

Costco defends its diversity policies as other US companies scale theirs back

Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices

The Independent UK

SEC says former Express CEO secretly took advantage of $1 million in company perks, including a private jet, as the company was sliding into bankruptcy

Former chief executive Tim Baxter left the retailer in September 2023, seven months before Express filed for Chapter 11 bankruptcy.

Fortune

US Consumers To Bargain Hunt In Annual 'Black Friday' Spree

US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded.

International Business Times

Here's what comes next for Tapestry and Capri after the death of their major fashion merger

Now Michael Kors' owner Capri has to figure out how to survive without the Tapestry deal.

Fortune

Wall Street makes wagers on the likely winners and losers in a second Trump term

Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy and markets

The Independent UK

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International Business Times

America's Biggest Retailers Will Face 'Massive Upheaval' In Wake of Trump Tariffs, Former Target Exec Warns

Action on tariffs, taxes, immigration and regulations could have huge effects on Walmart, Costco and Target

International Business Times

Nike Earnings Drop, Says Turnaround Will Take Time

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO. The athletics company's financials showed lower sales in every operating region, as its CFO pointed to lackluster store traffic in China…

Fortune

It’s hotter than ever but people don’t want ice cream, leaving sweets purveyors struggling

"There's a sweet spot for temperature,” one CEO said—and extreme heat has blown right through it.

Fortune

The Mars-Kellanova merger bolsters them against 2 big threats—inflation and Ozempic

“Snacking is very driven by impulse. It's very driven traditionally, by indulgence,” one analyst said.

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The Times of India

Colin Huang, Temu owner’s billionaire founder, becomes China’s richest person

After several moderately successful ventures in gaming and e-commerce, Colin Huang got sick and retired. At one point, the young entrepreneur stayed home for a year thinking about his next move.

The Independent UK

Drugstores tinker with new looks as their usual way of doing business faces challenges

America’s drugstores are testing smaller locations and more ways to offer care as more store closings loom

The Independent UK

Etsy plans to test its first-ever loyalty program as it aims to boost sales

Etsy says it will begin testing its first-ever loyalty program in September

The Independent UK

Walmart retools its young adult clothing line in pursuit of fashion credibility

Walmart has spent three years overhauling its mix of adult apparel to make it stylish as well as sensible for middle America

The Independent UK

Parent company of Saks Fifth Avenue to buy rival Neiman Marcus for $2.65 billion,

The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake

International Business Times

Nike Shares Tumble On Tepid Outlook As CEO Eyes Olympics Marketing Win

Nike reported higher profits due to cost-cutting efforts Thursday, but shares fell sharply on the company's tepid outlook despite a hoped-for boost from the upcoming Olympic Games.

The Independent UK

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time

Amazon has joined the exclusive $2 trillion club after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold

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