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