retailer

Carvana nirvana? Shorted stock surges 56% as company predicts record profits

On Thursday, online car retailer Carvana announced an especially rosy outlook (i.e., forecasted record profits) for the second quarter of 2023, and investors responded by driving the company’s s

Walmart’s last-mile delivery service, Walmart GoLocal, tops 1M deliveries in year one

Walmart’s last-mile delivery service business, Walmart GoLocal, has topped 1 million deliveries in its first year, the retailer today revealed. The company offered a brief update on the state of

Walmart reports lower-than-expected Q4 earnings, despite e-commerce sales growth of 35%

Walmart’s holiday quarter didn’t perform as expected. That’s the big news today from the retailer’s weak Q4 2019 earnings, which saw revenue of $141.67 billion versus the $142.

Target begins testing next-day delivery with ‘Target Restock’ service

Target announced this morning it’s testing a next-day home delivery service called Target Restock. The service, which is currently being trialed with Target employees ahead of a customer-facing

MikMak is using mini infomercials to help retailers turn their stories into sales

MikMak, the New York-based startup that is trying to make short and catchy infomercials (aptly named minimercials) the future of commerce, is launching a new feature to help retailers monetize their s

Retailer gets punk'd

I’ve worked in retail so I know how shady some people can be when they try and return items, but I’ve never seen anything like this before. An Xbox 360 was returned one morning and the poo

Circuit City Closing Up Shops

I have to admit, this news isn’t as shocking as it should be to me. Circuit City has fewer stores than Best Buy in my area and they’re always empty. The electronics retailer says it’