United Kingdom

Aishwarya Venugopal

Macy's to be 'smaller company' as loss to hit $1 billion in quarter amid lockdowns

21 May 2020

Macy's Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.

Americans splurge at Walmart, Target as stimulus checks kick in

21 May 2020

The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.

Target's online sales surge eases coronavirus pain

20 May 2020

A surge in Target Corp's online sales due to panic buying during the coronavirus crisis helped the big-box retailer post better-than-expected quarterly results on Wednesday, even as it grappled with soaring operational costs. | Video

Walmart sales surge at stores and online on coronavirus-led demand

19 May 2020

Walmart Inc emerged among the winners of the coronavirus lockdowns, beating Wall Street's quarterly revenue and profit forecasts and setting an online sales record as millions of consumers stocked up on food and cleaning supplies. | Video

Target sees margin squeeze as it spends more to meet coronavirus-led demand

23 Apr 2020

Target Corp said on Thursday rising costs from trying to meet the fast-changing needs of consumers during the coronavirus crisis were set to hurt its first-quarter profit and margins, even as it recorded robust online sales during March and April. | Video

Walmart starts temperature checks for staff in safety ramp-up against coronavirus

31 Mar 2020

Walmart Inc said on Tuesday it would start taking the temperature of employees and provide them with masks as it addresses growing safety concerns among retail workers laboring through the coronavirus crisis. | Video

Macy's, Kohl's, Gap turn to mass furloughs as virus crisis deepens

30 Mar 2020

Major U.S. retailers Macy's Inc , Kohl's Corp and Gap Inc said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores shut for longer to curb the spread of the coronavirus outbreak. | Video

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