Coverage: Walmart’s online sales are disappointing
Walmart’s e-commerce sales were up 23 percent in the final quarter of 2017, but the gains were interpreted as insufficient compared to the previous quarter, when they rose 50 percent. Charisse Jones of USA Today had the news: The lower-than-expected uptick in online sales alarmed investors, who sent shares plummeting 10.2% and cast a shadow over Walmart’s […]
Albuquerque Biz First reporter Perea leaving to cover education
Shelby Perea, the retail and real estate reporter for Albuquerque Business First, is leaving the paper to join the Albuquerque Journal. At the Journal, she will cover K-12 education. Perea joined Business First in January 2017, covering new construction projects in and around Albuquerque, retail and restaurant development, and the residential housing market. Before taking over […]
How Bloomberg’s mall game came about
Chris Ariens of Adweek writes about how Bloomberg.com developed its The American Mall video game that tells the story of retail’s troubles. Ariens writes, “A team of Bloomberg reporters, editors, developers and the copy desk spent about three months building the game as part of a larger series on retail, including this data visualization called ‘The Death of […]
Albuquerque Biz First seeks real estate/retail reporter
Albuquerque Business First is looking for an ambitious and social-media-savvy scoophound who will thrive in our breaking news culture. That person will join an award-winning staff that’s constantly experimenting with new ways to engage readers. This person will cover real estate and retail. These are two of our most highly-read beats, and our audience expects […]
Cedar Rapids Gazette seeks a business reporter
The Gazette, based in Cedar Rapids, Iowa, is seeking a business reporter to join our news reporting team. This reporter won’t be focused on earnings reports, but will instead focus on context-based reporting about business and economic trends in Iowa and within the region. This reporter is able to quickly turn daily stories, but enjoys […]
Coverage: Starbucks now sees slowing sales across the globe
Starbucks posted disappointing sales growth in all its major regions on Thursday, signaling that it now has bigger problems than an overly saturated U.S. market. Leslie Patton of Bloomberg News had the story: The results from the quarter ending on Dec. 31 sent shares down as much as 5.8 percent in late trading in New York. “Our holiday merchandise […]
Coverage: Toys ‘R’ Us will close 182 locations
Toys ‘R’ Us, which is currently in bankruptcy court protection, filed court documents outlining plans to close up to 182 stores as part of its reorganization plans. Joan Verdon of The Bergen County (N.J.) Record had the story: The company noted that some closings may be avoided if it is able to negotiate more favorable lease […]
CNBC.com names Thomas as retail reporter
Lauren Thomas has been named retail reporter for CNBC.com after previously serving as a news associate. Thomas will focus on building CNBC.com’s coverage of department stores such as Macy’s and J.C. Penney, plus specialty retailers such as Lululemon in her new position. She joined CNBC in January 2017 as a news associate focused on breaking news coverage, […]
Reuters hires O’Connell from WSJ and Tanouye from Bloomberg
Reuters executive editor for professional news Amy Stevens announced the appointment of two new global industry editors on Monday: Dear All, Two weeks ago, we announced five of the Global Industry Editors (GIE’s) who will be championing our efforts to produce a company news file that is second to none. We also said that two […]
Coverage: Walmart gives raises, closes Sam’s Club locations
Walmart, the largest U.S. private employer with more than 1 million workers, plans to raise starting wages from $9 to $11 an hour and hand out employee bonuses ranging from $200 to $1,000 while closing 63 Sam’s Club locations. Abha Bhattarai and Todd C. Frankel of The Washington Post had the story: With its announcement on Thursday, Walmart […]
