Edition:
India

Uday Sampath Kumar

P&G raises forecasts on sustained demand for cleaning products

20 Oct 2020

Procter & Gamble Co raised its annual sales and earnings forecasts on Tuesday, as coronavirus-driven home cleaning pushed sales of the consumer goods giant's home care products as much as 30% higher. | Video

PepsiCo sees strong annual profit as snacks, sodas thrive in pandemic

01 Oct 2020

PepsiCo Inc forecast full-year profit above expectations on Thursday after a rebound in soda sales and increased demand for snacks during the COVID-19 crisis helped drive quarterly sales higher.

UPDATE 3-PepsiCo sees strong annual profit as snacks, sodas thrive in pandemic

01 Oct 2020

Oct 1 PepsiCo Inc forecast full-year profit above expectations on Thursday after a rebound in soda sales and increased demand for snacks during the COVID-19 crisis helped drive quarterly sales higher.

Factbox: J.C. Penney's history, from "Golden Rule" start to COVID-era bankruptcy

10 Sep 2020

J.C. Penney Co Inc has a colorful history as one of America's most recognizable department store chains, but a failure to counter the shift to online shopping hammered its business in recent years, with COVID-19 pandemic finally pushing it to the brink of collapse.

Neiman Marcus expects to emerge from bankruptcy by end-September

05 Sep 2020

Neiman Marcus Group said on Friday it expected to emerge from Chapter 11 bankruptcy by the end of this month under a restructuring plan that is likely to eliminate more than $4 billion of its debt.

Walmart wants to go viral with TikTok, Wall Street thinks it can

28 Aug 2020

Wall Street was swift to see the rationale behind Walmart Inc jumping into the fray to buy TikTok - access to millions of young, digitally savvy users who could help the 60-year-old company boost its online sales.

U.S. dollar chains report profit surge as downturn makes shoppers thrifty

27 Aug 2020

America's biggest dollar store chains reported better-than-expected quarterly profit on Thursday, as cash-strapped consumers sought lower priced groceries and household items in a coronavirus-induced economic downturn.

Best Buy warns of slowing sales after work-from-home boom

25 Aug 2020

Consumer electronics retailer Best Buy Co Inc warned of a slowdown in sales in the third quarter as it faces risks from the coronavirus pandemic including unemployment, lower government stimulus and potential product shortages.

UPDATE 4-Best Buy warns of slowing sales after work-from-home boom

25 Aug 2020

* Beats second-quarter sales, profit estimates (Adds CEO comment from conference call)

Lowe's beats sales expectations as home improvement spending surges

19 Aug 2020

Lowe's Cos Inc blew past analysts' estimates for quarterly sales and profit on Wednesday as it benefited from a surge in demand for paint, tools and barbecue grills from consumers stuck at home due to the COVID-19 pandemic. | Video

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