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Wal-Mart takes the fight to Amazon
Bentonville, Ark. – It’s no secret that a big part of Wal-Mart’s strategy is to maintain its market share in the face of competition from Amazon.com, and maybe even steal some away.
But Wal-Mart is now taking the fight for customers directly to Amazon in a big way with a new pricing and shipping promotion that directly challenges the upcoming July 15 Amazon “Prime Day” event.
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Ascena downgrades 2015 outlook
Mahwah, N.J. - Ascena Retail Group Inc. has downgraded several aspects of its outlook for fiscal 2015, which ends July 25. Ascena now expects full-year adjusted EBITDA from continuing operations in the range of $365 million to $375 million, and full-year adjusted earnings per diluted share from continuing operations in the range of $0.57 to $0.60, as compared to its prior expectation of $0.70 to $0.75 per share

