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Retail
Widlitz says Amazon Prime Day is ‘not only about selling stuff’
July 12, 2023 01:32 AM AEST| By InvezzAmazon.com Inc (NASDAQ: AMZN) is in focus this morning as the eCommerce giant kicked off its much-awaited Prime Day sale. Prime Day is about gaining subscribers The annual event typically results in a jump in revenue for Amazon. But Stacey Widlitz –...
Carvana stock rallies on exponential growth in its EV segment
July 11, 2023 04:51 AM AEST| By InvezzCarvana Co (NYSE: CVNA) gained as much as 15% this morning after reporting exponential growth in its EV segment. Carvana reveals top-selling used electric vehicles On Monday, the Tempe-headquartered company published its list of ten best-selling used...
Levi’s lowers outlook: ‘H2 is being set up much stronger’
July 08, 2023 03:21 AM AEST| By InvezzLevi Strauss & Co (NYSE: LEVI) opened nearly 10% down on Friday after reporting roughly in-line financial results for its second quarter. Levi’s stock down on lowered guidance Investors are responding primarily to the future guidance...
Ocado share price rally stalled: Is it a good buy in July?
July 08, 2023 12:26 AM AEST| By InvezzOcado Group (LON: OCDO) share price is in a wait-and-see mode as investors assess the recent takeover rumours. The stock was trading at 567p on Friday, a few points below the year-to-date high of 635p. While the shares are up by ~66% this year, they...
Currys skips dividend after swinging to loss in fiscal 2023
July 07, 2023 06:20 AM AEST| By InvezzCurrys PLC (LON: CURY) ended nearly 10% down on Thursday after reporting a pre-tax loss for its full financial year. Currys 2023 financial highlights The British multinational swung to £450 million ($571.7 million) of loss before tax in its fisc...
AO World commits to over 5.0% earnings margin in its fiscal 2024
July 06, 2023 02:11 AM AEST| By InvezzAO World PLC (LON: AO) ended nearly flat on Wednesday even though it reported a 17% hit to its full-year revenue. AO World swung to a profit in fiscal 2023 The stock remained somewhat resilient primarily because the electric appliances retailer swung...
Boohoo share price is at risk as Revolution Beauty crisis escalates
July 06, 2023 01:30 AM AEST| By InvezzBoohoo (LON: BOO) share price has dropped in the past three months straight and is hovering near the lowest level since 2016. The stock has dropped by over 82% in the past 12 months and by over 44% from the highest point this year. Revolution B...
Tesco share price has retreated for 8 weeks: don’t buy the dip
July 05, 2023 11:25 PM AEST| By InvezzTesco (LON: TSCO) share price has come under relentless pressure after peaking at 278p in May this year. The shares have pulled back by ~11.78%, meaning they have moved to a correction. They have also dropped in the past eight weeks straight, the fir...
Sainsbury’s underlying sales up 9.8%: ‘food inflation is starting to fall’
July 04, 2023 11:05 PM AEST| By InvezzJ Sainsbury plc (LON: SBRY) is in the red on Tuesday even though it reported a year-over-year increase in its quarterly comparable sales. Sainsbury’s Q1 financial results The supermarket chain said its like-for-like sales climbed 9.8% in the fi...
Nike Q4 earnings are ‘not suggestive of a recession’
June 30, 2023 08:29 AM AEST| By InvezzNike Inc (NYSE: NKE) ticked lower in extended hours after reporting weaker-than-expected earnings for its fourth financial quarter. Why else is Nike stock down in after hours? Shareholders are also a bit unsettled because higher costs, increased mark...
Overstock to relaunch Bed Bath & Beyond: ‘it describes who we are’
June 30, 2023 05:55 AM AEST| By InvezzOverstock.com Inc (NASDAQ: OSTK) gained 20% on Thursday after announcing plans of changing its name to Bed Bath & Beyond. Overstock bought BBBY’s intellectual property The stock market news follows its $21.5 million purchase of intellectual...
H&M stock jumps 20% on boost to profit and a ‘good start’ to Q3
June 30, 2023 01:51 AM AEST| By InvezzH&M Group (STO: HM-B) jumped about 20% on Thursday after reporting a boost to profit in its second financial quarter. Why else is H&M stock up today? The retail stock is being rewarded also because executives revealed a 10% year-on-year incre...
Next PLC share price could jump to 7,080p if it clears this hurdle
June 29, 2023 09:16 PM AEST| By InvezzNext PLC (LON: NXTL) share price has made a strong recovery in June after the company published strong financial results last week. The stock jumped to a high of 6,908p on Thursday, the highest level since May 12th. In all, the shares have jumped by...
Walgreens Boots Alliance slashes guidance as profits retreat
June 27, 2023 09:47 PM AEST| By InvezzWalgreens Boots Alliance (NASDAQ: WBA), the second-biggest retail pharmacy company in the US, published mixed results on Tuesday. Its revenue came in at over $35.42 billion, representing a 8.7% year-on-year growth. This revenue was about $1.5 billion...
Cramer says ‘do not sell’ CarMax stock after its Q1 earnings
June 24, 2023 01:38 AM AEST| By InvezzCarMax Inc (NYSE: KMX) is up 10% on Friday after reporting strong results for its first financial quarter as demand for used cars started to show signs of recovery. CarMax Q1 financial highlights Retail and wholesale combined unit sales were down ove...
UK retail sales dips again as the cost of living crisis escalates
June 23, 2023 04:20 PM AEST| By InvezzUK retail sales dropped at a slower pace in May as the cost of living crisis continued. According to the Office of National Statistics, retail sales rose by 0.3% in May after growing by 0.5% in the previous month. This growth translated to a year-on-...
Amazon may soon acquire the British online grocer Ocado Group
June 23, 2023 12:41 AM AEST| By InvezzShares of Ocado Group PLC (LON: OCDO) jumped about 40% today after “The Times” said Amazon.com Inc (NASDAQ: AMZN) may be interested in buying the online grocer. Amazon refused to comment on the report The report did also suggest that it w...
Ocado share price spiked: 3 reasons acquirers should avoid it
June 22, 2023 10:24 PM AEST| By InvezzOcado (LON: OCDO) share price jumped by more than 40% on Thursday as investors cheered rumours of a potential bid for the company. It surged to a peak of 630p, the highest level since November last year and then pulled back to 570p. At its peak...
Frasers reveals sizable stakes in Currys and Boohoo Group
June 21, 2023 01:19 AM AEST| By InvezzFrasers Group PLC (LON: FRAS) is in focus today after the retailer revealed to have invested in Currys and Boohoo Group PLC (LON: BOO). Frasers buys 101 million shares of Currys On Tuesday, the British sports-fashion company announced an 8.9% stake i...
Ocado share price is rising: Here’s why you should avoid it
June 20, 2023 07:15 PM AEST| By InvezzOcado (LON: OCDO) share price retreated by over 5% on Monday as concerns about the company’s investment in Karakuri continued. The stock retreated to a low of 433p on Monday although it remains about 27% above the lowest level this year. Karaku...
