Recent Posts

Online sales help boost US retailer Target’s forecast

Bloomberg Target Corp. delivered another sign that its comeback is taking hold as stronger online sales helped brighten the retailer’s outlook. Second-quarter sales topped analysts’ estimates, and the company boosted its forecast for the rest of the year. That helped soothe investors after a rocky earnings season for retailers, sending Target shares up as much as 4.9 percent. The results ...

Read More »

Amazon’s ‘eclipse glass’ row trips up Wright

Bloomberg Jason Wright wanted to make a quick buck selling eclipse-viewing glasses on Amazon.com Inc. before the moon blocks the sun in a rarely seen cosmic spectacle next week. He loaded up his credit cards to buy thousands of pairs from a manufacturer, enlisted family and friends to pack and ship them from his parents’ Salt Lake City home and ...

Read More »

Trump says Amazon does ‘great damage’ to retailers

Bloomberg US President Donald Trump once again unloaded on Amazon.com Inc., tweeting that the company is hurting other retailers and implying that it’s killing industry jobs across the US. Amazon is causing “great damage to tax paying retailers,” Trump said in a Twitter post Wednesday, causing shares in the online retailer to fall as much as 1.2 percent in early ...

Read More »
Send this to a friend