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Tag: markets

Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimates

An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order …

Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimatesRead More

‘Retail is changing by the day’

Retail is going through what can be considered a “golden age” as businesses adapt to a new landscape of connecting with consumers, “Shark Tank” star and serial entrepreneur Daymond John said Friday. Companies such as Home Depot are using the internet to their advantage to thrive, while others that lack the necessary technology are dying, the …

‘Retail is changing by the day’Read More

As APAC luxury markets sink by US$ 2.1 bn, brands turn to affordable luxury, says GlobalData

Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a standstill during the first half (H1) of 2020. Against this back drop, brands are turning to …

As APAC luxury markets sink by US$ 2.1 bn, brands turn to affordable luxury, says GlobalDataRead More

Multiple analysts hike Amazon targets, saying it gained lots of new customers during the pandemic

Jeff Bezos, founder and CEO of Amazon, smiles as he speaks during the Economic Club of Washington’s Milestone Celebration event in Washington, DC, on September 13, 2018. Saul Loeb | AFP | Getty Images (This story is for CNBC Pro subscribers only).  Two Wall Street shops hiked their price targets for Amazon on Friday, saying …

Multiple analysts hike Amazon targets, saying it gained lots of new customers during the pandemicRead More

COVID-19’s impact on food and drink markets in Southeast Asia

New research from Mintel, ‘The Experts in What Consumers Want and Why’, reveals the changes in consumer sentiment and behavioriour surrounding food and drink categories as a result of the spread of COVID-19 across Southeast Asia. Tan Heng Hong, APAC Food and Drink Analyst, Mintel said: “The global spread of COVID-19 is forcing Southeast Asian …

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Walmart stock is having best month in years as markets fall

As the Dow Jones Industrial Average plummeted through 20,000 this week, one of its stocks is holding up against the sell-off. Walmart, the world’s largest bricks-and-mortar retailer, has risen more than 13% in March as consumers stockpile amid the coronavirus crisis. The gain puts it on track for its best month since 2014. The Dow, …

Walmart stock is having best month in years as markets fallRead More

Walmart makes run to all-time highs amid coronavirus market plunge

A person wears a face mask as a precaution against coronavirus in New York, on March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Walmart shares are emerging as a winner during the chaotic coronavirus crisis.  The big-box retailer, a classic defensive consumer staple stock, is benefiting from the millions of Americans stocking …

Walmart makes run to all-time highs amid coronavirus market plungeRead More

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More