FINANCE

RH details 2024 growth on heels of disappointing year
RH reported disappointing fourth-quarter earnings and revenue, which the company attributed to shipping delays related to the ongoing Red Sea conflict and “severe” January weather.
Walgreens Q2 takes $6B hit from VillageMD investment
Walgreens Boots Alliance reported better-than-expected second-quarter sales but narrowed its earnings outlook, citing a “challenging” retail environment in the U.S.

Walmart to reportedly pause $2.3 billion Vizio acquisition

Walmart Inc. is reportedly giving the federal government more time to review its proposed $2.3 billion purchase of smart TV maker/streaming platform provider Vizio.
Home Depot making $18.25 billion acquisition

The Home Depot is making its biggest and most costly commitment yet to its home professional (“pro”) business.
Amazon completes $4 billion investment in generative AI developer

Amazon is making its largest-ever venture capital investment into a provider of next-generation artificial intelligence (AI) technology.
Middle-class shoppers spend more, but retailers fall short

Despite higher spending levels, a new survey reveals virtually all middle-class consumers think retailers aren’t doing enough to meet their needs.
Lululemon finishes year strong but warns of slowing U.S. sales

Lululemon Athletica Inc. maintained its momentum in the fourth-quarter reporting earnings and revenue that beat estimates, helped by soaring international sales.
Report: Target upping bonuses for salaried employees

Target Corp.’s salaried employees can expect a bigger bonus this year.
CSA’s Retail Top Women Awards expands to include finance, marketing execs

Chain Store Age is now accepting nominations for its Retail’s Top Women Awards, with two new categories added for 2024: finance and marketing.
NRF: Retail sales to reach at least $5.23 trillion in 2024

U.S. retail sales are expected to rise at a steady but slower pace in 2024 compared to last year.

RH details 2024 growth on heels of disappointing year

Walgreens Q2 takes $6B hit from VillageMD investment

Walmart to reportedly pause $2.3 billion Vizio acquisition

Home Depot making $18.25 billion acquisition

Amazon completes $4 billion investment in generative AI developer

Middle-class shoppers spend more, but retailers fall short

Lululemon finishes year strong but warns of slowing U.S. sales

Report: Target upping bonuses for salaried employees

CSA’s Retail Top Women Awards expands to include finance, marketing execs

NRF: Retail sales to reach at least $5.23 trillion in 2024