Petco Health and Wellness (NASDAQ: WOOF) CEO Ron Coughlin said the company is destined to grow through the ongoing global pandemic and subsequent pet boom. The company officially started...
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Target Same-Store Sales Rise 17% During Holiday Season
Target (NYSE: TGT) announced Wednesday that comparable sales had jumped 17.2% and online sales rose 102% during November and December, amid the holiday season. Consequently, the company presented a...
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Walmart Introduces New Smart Cooler Delivery Method
Walmart (NYSE: WMT) revealed it is preparing to test another convenient delivery method which includes dropping groceries off to a smart cooler on customer’ front porch. Currently, the company...
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Moderna’s Covid Vaccine Approved in the EU
Moderna’s (NASDAQ: MRNA) coronavirus vaccine has been approved by the European Medicines Agency for use in the European Union. The novelty provides the nation with a second vaccine to...
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Macy’s To Close 45 Locations in the Coming Months
Macy’s (NYSE: M) revealed that it will be closing down 45 additional department stores by the middle of 2021. The closures come as no surprise as the company had...
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Moderna Boosts Covid Vaccine Production by 20%
Moderna (NASDAQ: MRNA) revealed Monday it will be increasing its Covid-19 vaccine production by 20% to 600 million in 2021. The vaccine requires two doses to be administered four...
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AMC Set to Sell an Additional 50 Million in Shares to Avoid Bankruptcy
AMC Entertainment (NYSE: AMC) revealed it aimed to raise USD125 Million in capital by selling up to 50 Million in additional shares. The action would aid the company in...
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Peloton Shares Rise Amid $420 Million Acquisition of Precor
Peloton Interactive Inc. (NASDAQ: PTON) is in the process of buying fitness equipment company Precor for USD420 Million as a means to acquire manufacturing capabilities and new growth opportunities....
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Amazon Closes New Jersey Warehouse Following COVID-19 Outbreak Among Workers
Amazon (NASDAQ: AMZN) was forced to close a New Jersey warehouse until December 26 when it experienced a rise in asymptomatic coronavirus cases within workers. Employees at the site...
J.C. Penney (OTCMKTS: JCPNQ) CEO, Jill Soltau, revealed Tuesday that the company hopes to withdraw from Chapter 11 bankruptcy before the holiday season. In a news release, the retailer...