Category: U.S. retailers

Inventories Jump, Putting Pressure on Profits as Businesses Face Steep Discounts to Clear Glut

June 29, 2022
Business & Marketsbusiness inventoriesCompanieseconomyinflationMarketsU.S. consumersU.S. retailersUS
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Economic indicators for June showed that U.S. retail inventories are rising and businesses have been facing financial pressure to clear out a glut of excess merchandise, according to a June 28 report from the U.S. Census Bureau. Wholesale inventories in May went up by 2 percent from April to $880.6 billion, with a 25 percent…

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Amazon Shares Plunge in Biggest Drop Since 2006 After Posting $3.8 Billion Loss

April 29, 2022
AmazonBusiness & EconomyCompanieseconomyMarketsMedia & Big TechstocksU.S. retailersUS
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Shares of Amazon.com Inc. fell 14.05 percent on Friday in its steepest one-day drop since 2006, leaving the widely held stock near two-year lows. Late on Thursday, the e-commerce giant delivered a disappointing quarter and outlook, swamped by higher costs. Amazon lost $3.8 billion in the first quarter of 2022, largely due to a slump in…

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Black Friday ‘Early Birds’ Find Stores Less Crowded, Fewer Bargains

November 26, 2021
black fridayBusiness & Economychristmas giftsCompanieseconomyU.S. retailersUSUS News
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CHICAGO—Bargain hunters ventured out in chilly weather to buy Christmas gifts on Black Friday, finding stores less crowded than in years past as major U.S. retailers opened their doors early. A shift online, COVID-19 fears and less-steep discounts have thinned crowds on the day after the Thanksgiving holiday, which kicks off the year-end shopping season….

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Lowe’s Says Inventory in Better Position in Months Amid Supply-Chain Snafu

September 9, 2021
Business & EconomyCompaniesEconomieseconomyholiday productsloweMarket WatchU.S. retailersUS
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Lowe’s Cos Inc. said on Thursday it was bringing holiday products into its stores and warehouses earlier than originally planned, as supply chain bottlenecks threaten to leave U.S. stores with empty shelves during the holiday season. U.S. retailers have been scrambling to stock their racks and have enough inventory to ensure key items are not…

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