Russians buy last goods from H&M, IKEA as stores begin exit | Russia-Ukraine war News

Russians buy last goods from H&M, IKEA as stores begin exit |  Russia-Ukraine war News

Mega-retailers H&M and IKEA are unloading their stocks in Russia as they wind down their business in the country. Russians are snapping up Western fashion and furniture this week as H&M and IKEA sell off the last of their inventory in Russia, moving forward with their exit from the country after it sent troops into … Read more

US consumer price inflation surprises to downside in July

US consumer price inflation surprises to downside in July

The numbers: The US consumer price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Street Journal had estimated a 0.2% advance in July. The rate of inflation in the 12 months ended in July retired to 8.5% from a … Read more

Forget Truly, White Claw, Beverage Giant Mixes Wine and Soda

Forget Truly, White Claw, Beverage Giant Mixes Wine and Soda

Genius comes from out of the blue and when you are least expecting it. Finding new inventive and tasty choices in alcoholic drinks is an ever-changing market. Let’s face it, some people are set in their ways, if they drink a Bud Light (BUD) – Get Anheuser-Busch Inbev SA Sponsored ADR (Belgium) Report, they only … Read more

The e-commerce boom is fizzling out

The e-commerce boom is fizzling out

The pandemic was supposed to permanently change how people shop. At least, that’s how many retailers felt during the early stages of COVID-19, when consumers were largely stuck at home and bought more goods online. E-commerce adoption would rapidly accelerate and then continue to grow from there. That’s not how things are playing out. As … Read more

Reddit Traders Haven’t Given Up on GameStop. Neither Have Short Sellers.

Reddit Traders Haven’t Given Up on GameStop.  Neither Have Short Sellers.

Text size GameStop announced a stock split, a CFO departure, and layoffs this week. Spencer Platt/Getty Images GameStop was back in the news this week after the company announced a stock split, a CFO departure, and corporate layoffs. Its stock has been volatile, but Reddit traders haven’t given up—and neither have short sellers betting against … Read more

Reddit Traders Haven’t Given Up on GameStop. Neither Have Short Sellers.

Reddit Traders Haven’t Given Up on GameStop.  Neither Have Short Sellers.

Text size GameStop announced a stock split, a CFO departure, and layoffs this week. Spencer Platt/Getty Images GameStop was back in the news this week after the company announced a stock split, a CFO departure, and corporate layoffs. Its stock has been volatile, but Reddit traders haven’t given up—and neither have short sellers betting against … Read more

Canadian retailers struggle with online shipping costs as fuel surcharges soar – National

Canadian retailers struggle with online shipping costs as fuel surcharges soar – National

Canadian retailers are struggling with higher shipping costs as couriers tack hefty fuel surcharges onto shipping rates to recoup record gas prices. The additional charge is sending the cost of shipping goods within Canada higher, topping 40 per cent for some carriers. For stores with high online return rates, such as apparel and footwear companies, … Read more

GameStop Employees Walk Out, Blast Company In Goodbye Note

GameStop Employees Walk Out, Blast Company In Goodbye Note

Photo: Google/thatredditperson/Kotaku Tea GameStop in the Gateway Mall in Lincoln, Nebraska is one of the busiest around, at least according to the person who used to run it. But over the weekend he was closed after four employees decided to walk out and never return over what he says are bad working conditions and a … Read more

Who’s to blame for Thursday’s selloff? The Fed, and you, says this analyst

Who’s to blame for Thursday’s selloff?  The Fed, and you, says this analyst

But Thursday’s 3.6% nosedive in the S&P 500 SPX, -3.56%, to the second-lowest close of the year, had two major culprits: the Federal Reserve, and weirdly, investors themselves. Krishna Guha, the vice chairman of Evercore ISI and previously a top aide to form New York Fed President Bill Dudley, says that, more or less, stocks … Read more