Coverage: The impact of Amazon buying Whole Foods for $13.7 billion
Online retail giant Amazon.com Inc. announced Friday that it was purchasing upscale grocer Whole Foods Inc. for $13.7 billion in a story that had business reporters covering the ramifications all weekend. Jeffrey Dorfman of Forbes wrote about how the deal may change how consumers purchase groceries: Amazon has the deep pockets to survive in the online […]
San Antonio Biz Journal hires new real estate/retail reporter
Ryan Salchert has been hired by the San Antonio Business Journal as its real estate and retail reporter. Salchert writes, “I understand I’ve been left with big shoes to fill after this beat’s former reporter, Katie Burke, departed for more temperate pastures in San Francisco. However, Katie has been a great help to me in these […]
Coverage: Neiman Marcus takes down For Sale sign
Retailer Neiman Marcus has decided to take itself off the selling block after exploring options to find a buyer. Maria Halkias of the Dallas Morning News had the news: After announcing the company was considering a sale in March, Neiman Marcus chief executive officer Karen Katz told analysts during a conference call Tuesday that “any conversations […]
CNBC is seeking a retail reporter
CNBC is looking for a Retail Reporter to break news and stay on top of developing trends in the retail industry. The ideal candidate will be passionate about retail, with a strong list of contacts, and a sophisticated appreciation for news and topics of interest to both high-end investors and regular consumers interested in business […]
Coverage: Nordstrom family considers taking retailer private
Members of the Nordstrom family said Thursday they’re considering taking the Seattle-based fashion retailer private. Janet I. Tu of the Seattle Times had the news: The company’s board of directors has formed a special committee of its independent members to consider any possible transaction. The move comes at a time when retailers generally are struggling to […]
Bloomberg Gadfly hires Washington Post retail reporter Halzack
Tim O’Brien, executive editor of Bloomberg Gadfly and Bloomberg View, and Beth Williams, Bloomberg Gadfly editor, sent out the following staff announcement on Thursday morning: Beth Williams and I are pleased to let you know that Sarah Halzack, currently a retail reporter for the Washington Post, will be joining Gadfly as a retail columnist with […]
Coverage: Best Buy stock rises on better-than-expected earnings
Retailer Best Buy Inc. reported earnings that beat analyst expectations and sales that also impressed investors, sending its stock price up by double digits. Roger Yu of USA Today had the news: Sales for the three-month period ending April 30 inched up 1% to $8.5 billion as robust online business compensated for slower growth at its […]
Coverage: Wal-Mart earnings show strong growth in online sales
Wal-Mart Stores Inc. reported e-commerce sales grew 63 percent in the United States in the latest quarter, evidence that the country’s largest retailer is making headway in its effort to be as prominent online as it is across the American landscape. Rachel Abrams of the New York Times has the news: Now the question is whether the […]
Coverage: Home Depot earnings show not all retailers struggling
Atlanta-based Home Depot Inc., the world’s largest home improvement retailer, reported earnings that were better than Wall Street expected, showing that not all retailers are struggling. Lauren Thomas of CNBC.com had the news: The retailer also raised its fiscal 2017 profit outlook. Shares of the stock traded were up 1.5 percent following the report. Here’s what […]
Coverage: Macy’s stock falls due to lower sales
Retailer Macy’s saw its stock fall by 10 percent on Thursday after the department store operator reported another batch of dismal results that suggested it is not succeeding in keeping current customers. Phil Wahba of Fortune had the news: The company reported a 5.2% drop in comparable sales for the first quarter, the 8th such period of […]
