Edition:
United States

Melissa Fares

Why Walmart still wants in on the TikTok deal

Sep 14 2020

NEW YORK Walmart Inc said it is pressing ahead with its goal to invest in TikTok as Oracle Corp takes the lead in a partnership with the Chinese video-sharing app.

Analysis: Life without LVMH? How Tiffany might fare without the luxury giant

Sep 11 2020

NEW YORK/MILAN/PARIS LVMH, the world's biggest luxury group, has called off its $16-billion engagement to Tiffany. Wall Street however seems to think the U.S. jeweler will fare just fine by itself.

Macy's rethinks holidays in the time of COVID-19 with new gifts, online focus

Sep 02 2020

Macy's Inc will drastically change how it does business this holiday season, executives said on Wednesday, placing a sharper focus on online sales and promoting more beauty and home items to shoppers opting to stay home due to the COVID-19 health crisis. | Video

Walmart unveils membership service with free delivery, no lines

Sep 01 2020

NEW YORK Walmart Inc on Tuesday unveiled the perks of its new membership program, Walmart Plus, which will grant subscribers unlimited free delivery, fuel discounts and no checkout lines. | Video

Walmart ad revenue could quickly jump if TikTok bid succeeds

Aug 28 2020

NEW YORK Walmart Inc could turn into an online advertising leader if its plan to acquire popular short-form video app TikTok goes through, analysts said on Friday.

In wake of shootings, retailers respond to consumer interest in Black-owned businesses

Aug 28 2020

LISBON/NEW YORK A day after the shooting of Jacob Blake in Kenosha, Wisconsin, searches for the term "Black-owned businesses" began to surge on Google Trends, as social media users called out for suggestions on where to spend their money in a way that supported the Black community.

Tiffany beats profit estimates, signals recovery after pandemic blow

Aug 27 2020

Tiffany & Co , which this week delayed the close of its $16.2 billion sale to France's LVMH , on Thursday reported a stronger-than-expected quarterly profit and signaled an uptick in sales due to a recovery in China and online demand.

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