Retail sector

Abercrombie & Fitch (ANF) reported a loss for the first quarter of 2022

A person carries a bag from an Abercrombie & Fitch store on Fifth Avenue in New York City, February 27, 2017. Andrew Kelly | Reuters Shares of Abercrombie & Fitch fell more than 32% in pre-market trading on Tuesday after the retailer reported an unexpected loss in its fiscal first quarter, as shipping and product …

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Walmart expands drone delivery service to 4 million families

Walmart is expanding delivery of drones to select stores in six states. This will allow more customers to have diapers, groceries or more delivered by air. Walmart Walmart is expanding drone delivery across six states this year, allowing many customers to get a box of diapers or dinner ingredients in 30 minutes or less. By …

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Hay from seaweed, founded by Hawaii

At the Sunday Motor Co. CafĂ©. In Madison, New Jersey, customers are sampling the latest in biodegradable non-plastic containers. Specifically, a straw made from seaweed. “Designed to disappear,” says the distributor, which is exactly what the co-founder of sustainable startup Loliware envisioned. Chelsea Brigante, which means “sea,” was born and raised in Hawaii, where, as …

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Wee! Crazy Rich Asians CEO John M. Chu tapped in an effort to drive growth in groceries

Start Grocery Delivery Online Weee! He encourages customers to share recipe videos and favorite items on his app. It specializes in hard-to-find Asian foods, along with fruits, vegetables, and other staples. Wee! Online Grocery Start Weee! Specializes in hard-to-find Asian and Spanish cuisines. I discovered another kind of rarity earlier this year: a big Hollywood …

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Target earnings (TGT) for the first quarter of 2022

Target on Wednesday reported quarterly earnings that were well below Wall Street expectations, as the retailer grappled with exorbitant shipping costs, lower mass writedowns and lower-than-expected sales of discretionary items from TVs to bikes. Shares fell about 22% in pre-market trading. Here’s what Target said for the first quarter of the fiscal year ending April …

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Shopee, Garena Post Strong Revenue

Shares of Southeast Asian e-commerce and gaming company Sea Group rose after its first-quarter revenue beat analysts’ expectations on Tuesday. US-listed Sea shares rose 14% to close at $80.21 after the Singapore-based internet company reported revenue that beat analysts’ expectations in the first quarter of this year. Here’s how the NYSE-listed company fared from January …

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How Amazon, American Airlines, and Subaru burn waste to generate energy

In Stanislaus County in Northern California, right next to a landfill, there is a company that manages waste in a completely different way: by burning garbage instead of burying it. An energy recovery facility operated by New Jersey-based Covanta Corporation uses steam to generate enough electricity to power 18,000 homes in the area. Part of …

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Vegetarian food stocks ‘Beyond Meat’, Oatly faces a reset

In this illustration, oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street seems to be stumbling on vegan alternatives. Shares of Beyond Meat and Oatly have lost more than half their value this year. Stocks are relatively high-profile recent entrants to the general markets, prone to …

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Beyond Meat (BYND) Q1 2022 earnings are wrong

Beyond Meat “Beyond Burger” patties made with vegan alternatives to meat products are on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a larger-than-expected first-quarter loss as profit margins narrowed and lower prices dented international sales. The company’s shares fell as much as …

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Cole shareholders vote to keep directors despite campaigner pressure

The Kohl logo is displayed on the outside of Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s shareholders have voted to re-elect the company’s current slate of 13 directors to the board of directors, as the retailer faced growing pressure from activists for an overhaul, the company …

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