United States

Aishwarya Venugopal

Lowe's to get rid of Mexico stores in further restructuring

Nov 20 2018

Lowe's Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and two of its smaller U.S. businesses as the country's second-biggest home improvement chain strives to compete with rivals including Home Depot.

J.C. Penney gives gloomy outlook before holidays

Nov 15 2018

J.C. Penney Co Inc predicted a fall in same-store sales this year as it prepared for the holiday shopping season, reporting worse than expected quarterly results on Thursday due to heavy discounting aimed at righting the company.

Macy's raises profit forecast before key holiday season

Nov 14 2018

Macy's Inc raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, encouraged by good performance at its stores and its growing online business.

Home Depot signals U.S. housing demand slowing

Nov 13 2018

Home Depot Inc , the biggest U.S. home improvement chain, suggested on Tuesday that the pace of U.S. home sales was slowing, and said impending trade tariffs could force it to raise prices on some products.

Coca-Cola proposes energy drinks in clash with Monster Beverage

Nov 08 2018

Coca-Cola Co is planning to launch a range of energy drinks for the first time on its own brand name as it intensifies efforts to break away from its traditional fizzy sodas and shift to health-focused trends.

Lowe's shuts 51 stores in U.S. and Canada

Nov 05 2018

Home improvement chain Lowe's Companies Inc announced the closure of another 51 underperforming stores in the United States and Canada on Monday as it strives to compete with rival Home Depot Inc in a slowing housing market.

Starbucks same-store sales boosted by U.S., China rebound; shares soar

Nov 01 2018

Starbucks Corp on Thursday reported a better-than-expected rise in quarterly sales at established stores as it benefited from higher prices in the United States and a rebound in China, sending its shares up nearly 9 percent.

Taco Bell, KFC power Yum Brands quarterly results

Oct 31 2018

Yum Brands Inc beat Wall Street estimates for third-quarter revenue and profit on Wednesday, as strong sales at KFC and Taco Bell more than made up for further weakness at Pizza Hut, sending its shares up as much as 5 percent.

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