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November 30, 2021

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Walmart CEO says Biden supply chain push is easing bottlenecks

Reuters
WASHINGTON, Nov 29 (Reuters) – Walmart Inc (WMT.N) Chief Executive Doug McMillon on Monday hailed the Biden administration’s efforts to ease supply chain bottlenecks as the holiday season gets underway, noting the decision to extend port hours was having a positive impact on the flow of goods. “We are seeing......

Cyber Monday spending expected to slow as shoppers see fewer deals

Reuters
Nov 29 (Reuters) – U.S. retailers are estimated to generate online sales of up to $11.3 billion on Cyber Monday, a decline in growth from a year earlier as fewer discounts and limited choices due to global supply chain disruptions deter shoppers. Retailers had also spread out promotional deals across......

Black Friday ‘early birds’ find U.S. stores less crowded, fewer bargains

Reuters
CHICAGO, Nov 26 (Reuters) – 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 fears and less-steep discounts have thinned crowds on the day after......

Climate activists target Amazon depots in Britain on ‘Black Friday’

Reuters
Woman with smartphone is seen in front of displayed Amazon logo in this illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to reuters.com Register TILBURY, England, Nov 26 (Reuters) – Climate activists targeted 13 Amazon (AMZN.O) depots across Britain on “Black Friday” as part......

Amazon seeks to pause antitrust review of 2019 deal with India’s Future, documents show

Reuters
NEW DELHI, Nov 24 (Reuters) – Amazon.com Inc (AMZN.O) has asked India’s Supreme Court to pause an expedited review of allegations that the U.S. firm concealed information while seeking antitrust clearance for a 2019 deal with India’s Future Group, legal papers seen by Reuters showed. The Competition Commission of India......

Investors watch retail stocks as U.S. holiday shopping beckons

Reuters
NEW YORK, Nov 24 (Reuters) – Investors are zeroing in on a number of hot retailers’ shares as the U.S. holiday shopping season kicks into high gear this week, weighing the potential for supply chain problems against expected strong consumer demand. The day after the U.S. Thanksgiving holiday, Black Friday,......

Lidl GB raises stores target to 1,100 by 2025

Reuters
Lidl commences operations at its new Scottish distribution centre, the biggest of its kind in the UK, in Motherwell, Scotland, Britain, October 9, 2019. REUTERS/Russell Cheyne/File Photo Register now for FREE unlimited access to reuters.com Register Previous target was 1,000 stores by 2023 Currently trades from about 880 stores Made......

Nordstrom warns of supply shortages as holiday season approaches, shares plunge

Reuters
The company logo for Nordstrom Inc, is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to reuters.com Register Nov 23 (Reuters) – Nordstrom Inc (JWN.N) said labor costs pinched its quarterly profit......

‘Black Friday’ drags through November amid tight U.S. inventories

Reuters
CHICAGO, Nov 23 (Reuters) – Facing scarce year-end inventories and a shortage of workers, retailers are turning “Black Friday” into a month-long event. Walmart, the world’s largest retailer, said on Monday it had already started “Black Friday” discounts, such as $30 off AirPods and KidKraft dollhouses. Walmart, whose stores will......

Caterer Compass rises on new business appetite

Reuters
Underlying operating profit up 55% to 811 mln pounds Underlying operating margin seen at above 6% in 2022 Analysts on average had expected margins of 6.5% Nov 23 (Reuters) – The chief of Compass Group (CPG.L) said on Tuesday new business, especially from clients outsourcing their kitchen needs for the......

S.Africa’s Tiger Brands eyes deal to invest in nutrition business

Reuters
Boxes of Jungle Oats, one of South Africa’s Tiger Brands original products, are seen on a shelf at an outlet of retailer Woolworths in Sandton, South Africa, August 28, 2019. REUTERS/Siphiwe Sibeko Register now for FREE unlimited access to reuters.com Register Full-year headline earnings per share down 6% Warns on......

Walmart makes strong start to the holidays as shoppers return to stores

Reuters
Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, U.S. July 20, 2020. REUTERS/Brendan McDermid/File Photo Walmart raises annual sales and profit forecast Q3 sales at U.S. stores open at least a year rose 9.2% Q3 gross profit rate drops 42 bps on supply chain......

Saudi PIF nearly triples U.S. stock holdings; adds Walmart, Pinterest

Reuters
DUBAI, Nov 15 (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter, adding shares of Alibaba Group , Walmart (WMT.N) and Pinterest (PINS.N). Its U.S.-listed stock holdings in the quarter ended Sept. 30......

Washington state, in $95 billion opioid trial, blames drug distributors for crisis

Reuters
Nov 15 (Reuters) – Washington state’s attorney general on Monday argued that three large drug distributors’ excessive shipments of pain pills helped create the U.S. opioid epidemic, calling it the “worst man-made public health crisis in history,” at the start of a trial seeking $95 billion from the companies. Washington......

Ahold Delhaize plans to list online retailer Bol.com next year

Reuters
The Ahold Delhaize logo is seen at the company’s headquarters in Zaandam, Netherlands August 23, 2018. REUTERS/Eva Plevier AMSTERDAM, Nov 15 (Reuters) – Supermarket group Ahold Delhaize (AD.AS) on Monday said it wanted to spin-off its Dutch online retail business Bol.com and to list its shares in the second half......

Delivery Hero upbeat on revenues, decided against Wolt offer

Reuters
Delivery Hero’s logo is pictured at its headquarters in Berlin, Germany, August 18, 2020. REUTERS/Fabrizio Bensch Q3 revenues up 89% at 1.8 bln euros Sees 2021 revenue at the upper end of outlook range Expects no material impact from DoorDash/Wolt deal Also looked at Wolt, but decided against offer Nov......

Kroger says release on company accepting “bitcoin cash” is fake

Reuters
The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein/File Photo Nov 5 (Reuters) – Kroger Co (KR.N) said on Friday a press release saying it would accept “bitcoin cash” this holiday season is fraudulent, becoming the second major retailer in recent weeks to......

Uber posts operating profit but forecast lags Lyft, analyst targets

Reuters
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Nov 4 (Reuters) – Uber Technologies Inc (UBER.N) on Thursday reported its first profitable quarter on an adjusted......

China urges families to keep stores of daily necessities ahead of winter

Reuters
A staff member arranges cartons of milk on refrigerator shelves at a supermarket in Beijing, China, May 21, 2021. Picture taken May 21, 2021. REUTERS/Thomas Peter SHANGHAI, Nov 2 (Reuters) – The Chinese government has told families to keep stores of daily necessities in case there is a sudden increase......

U.S. holiday sales to rise as much as 10.5%, hit record levels – NRF

Reuters
Oct 27 (Reuters) – U.S. holiday sales could rise over 10% this year, a trade body said on Wednesday, as major consumer goods makers and retailers work to prevent supply chain disruptions from leaving shelves empty of in-demand toys and games. The National Retail Federation (NRF) forecast sales to increase......

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