Amazon CEO of Worldwide Consumer Dave Clark resigns

Dave Clark, Amazon’s senior vice president of worldwide operations. Lindsey Wasson | Reuters Dave Clark, CEO of Amazon‘s worldwide consumer business and a top lieutenant of CEO Andy Jassy, ​​will resign July 1, after 23 years at the company, Amazon announced in a regulatory filing Friday. Amazon did not name a replacement for Clark. In … Read more

Levi Strauss & Co. (LEVI) reaffirms 2022 outlook, boosts guidance

A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss & Co. on Wednesday maintained its outlook for the full year and boosted its financial targets over the next five years as the … Read more

US job market divide boosts some workers’ prospects, puts others on notice

A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the US labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more … Read more

How Costco became a staple of Asian America

Durian at a Costco Wholesale location in Woodland Hills, California. April 24, 2022. Wendy Leung Wendy Leung rarely saw durian in grocery stores growing up in Los Angeles, but the 45-year-old nonprofit worker found the fruit at her local Costco Wholesale in San Fernando Valley this April. Durian is used in Southeast Asian cuisines and … Read more

Macy’s (M) reports Q1 2022 earnings beat, raises forecast

A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades-high inflation that has … Read more

Abercrombie & Fitch (ANF) reports Q1 2022 loss

A person carries a bag from the Abercrombie & Fitch store on Fifth Avenue in New York City, February 27, 2017. andrew kelly | Reuters Abercrombie & Fitch shares fell more than 25% in premarket trading Tuesday after the retailer reported an unexpected loss in its fiscal first quarter, with freight and product costs weighing … Read more

Walmart expands drone-delivery service to reach 4 million households

Walmart is expanding drone deliveries to select stores in six states. That will make it possible for more customers to get diapers, groceries or more delivered by air. walmart walmart is expanding drone delivery across six states this year, making it possible for many more customers to get a box of diapers or dinner ingredients … Read more

Target (TGT) Q1 2022 earnings

Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles. Shares fell about 22% in premarket trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared with … Read more

Shopee, Garena post strong revenue

Shares of Southeast Asia’s e-commerce and gaming firm Sea Group popped after its first-quarter revenue beat analysts’ expectations on Tuesday. Sea’s US-listed shares rose 14% to close at $80.21 after the of Singapore-based internet firm reported revenue that exceeded analysts’ expectations in the first quarter this year. Here’s how the New York Stock Exchange-listed company … Read more

Walmart (WMT) earnings Q1 2023

walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin, as the nation’s largest retailer felt pressure from rising fuel costs and higher levels of inventory. Shares were down about 7% in premarket trading. The company raised its outlook for sales this year, saying it expects net sales to increase … Read more