TJ Maxx/Marshalls’ parent TJX continues to benefit from value-chasing consumers. The discount retail company released earnings Wednesday (Aug. 21) showing sales up 6% for the half year and 4% for the quarter, while raising its guidance in anticipation of the fall and holiday shopping seasons....
The home improvement market could use some improvement itself. That’s the latest from Lowe’s Companies Inc. During its second-quarter 2024 earnings call Tuesday (Aug. 20), the company revised its annual forecasts downward, citing a challenging macroeconomic environment dampening consumer spending on home improvement projects. As...
The freight market makes the world’s trade and commerce go ’round. And, if the Monday (Aug. 19) second-quarter 2024 earnings call from freight booking and payment platform Freightos is any indication, digital transformation is increasingly what makes the freight market itself move. The company hit...
Artificial intelligence (AI) is making its mark on the business world, with several tech companies reporting growth in retail and healthcare sectors. These firms are leveraging AI to address persistent challenges, from eCommerce sizing woes to mounting medical bills, signaling a potential shift in how...
Adyen posted first-half results that showed continued momentum in omnichannel commerce, particularly among clients expanding globally into new regions, and where platforms and localized payment methods are seeing strength and popularity. North America was the fastest growing region with net revenue growth up 30% year...
Convenience. Membership. Delivery times. Delivery density. eCommerce. Marketplaces. You would be forgiven for thinking these were keywords from Amazon’s Q2 earnings announcement. But they weren’t. They were the themes that sounded most often on Walmart’s Q2 earnings call Thursday (Aug. 15) as it reported slow...
Indonesian super app Grab saw a record number of monthly users in its latest quarter. “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability of our products and services,” Grab CEO and Co-founder Anthony Tan said in a news release Thursday...
Alibaba’s Chinese commerce business has shrunk for the first time amid weak consumer spending. The Chinese conglomerate released earnings Thursday (Aug. 15) showing a 27% decline in profit, which dampened the hopes of a turnaround for the company, Bloomberg News reported. According to that report, Alibaba CEO Eddie...
The old saying in business is that you have to spend money to make money. That means investments today are made in hopes of paying off in the future, giving some momentum to revenues, and upon scaling, to profits. As of Wednesday afternoon (Aug. 14),...
