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 Eyeing Amazon, Walmart touts surging online grocery sales
USA TODAY, August 18, 2017 Friday

 Walmart is taking on Amazon in an attempt to head off the online giant before it can gain too much of a foothold in the home-delivered grocery business.
 Two G.M.s Join to Upend Safety Suit
The New York Times, August 18, 2017 Friday

 DETROIT -- For eight years, the shell of prebankruptcy General Motors has lingered on in the form of ''old G.M.'' -- first as a corporate entity and now as an obscure trust designed to settle debts and claims left over from the company's huge financial collapse. With the help of a $50 billion government bailout in 2009, a reborn G.M. emerged from the bankruptcy process as a healthy company. Meanwhile, old G.M. -- officially called Motors Liquidation Company -- had the task of selling off...
 Shares Fall After Weak Earnings for Tech and Retail Companies
The New York Times, August 18, 2017 Friday

 Stocks plunged on Thursday as losses for Cisco Systems hurt technology companies and Walmart declined after its latest quarterly report. Banks also dropped as bond yields and interest rates sank for a second day. It was the second-worst day for stocks in a year of few large declines. Along with technology companies and retailers, transportation companies skidded and all of the industrial, financial and basic materials companies in the Standard & Poor's 500-stock index fell. Those sectors tend...
 Target breaks out of yearlong slump
Star Tribune (Minneapolis, MN), August 17, 2017 Thursday

 Target Corp.'s wide-ranging efforts to lower prices, offer more stylish fashions and improve its website and groceries seem to be paying off. Those initiatives helped pull the Minneapolis-based retailer out of a yearlong sales slump as it struggled to keep up with Walmart and Amazon. On Wednesday, Target reported better-than-expected second-quarter results with comparable sales rising 1.3 percent, mostly driven by a 32 percent jump in online sales. Wall Street approved, sending Target's shares...
 Urban Outfitters Inc. reports a better quarter than expected
The Philadelphia Inquirer, August 17, 2017 Thursday

 Shares of Urban Outfitters Inc. surged in early trading Wednesday - the most since the Philadelphia-based apparel company went public 24 years ago - after its Free People and Anthropologie chains performed better than had been predicted, helping offset a slump at its flagship business.
 Fiat Chrysler to Join BMW To Make Self-Driving Cars
The New York Times, August 17, 2017 Thursday

 Fiat Chrysler Automobiles will cooperate with BMW to develop self-driving cars, the companies said Wednesday, as traditional automakers look to defend their turf against cash-rich Silicon Valley giants eager to upend the industry. Autonomous vehicles are expected to transform the auto industry within the next decade. The new technology pits established carmakers, with their decades of experience and global supply chains, against the likes of Google and Apple, which have much greater financial...
 China Giants Back a Deal On Telecom
The New York Times, August 17, 2017 Thursday

 HONG KONG -- Some of China's biggest technology players are backing a plan to invest nearly $12 billion in one of the country's telecommunications giants, the latest move in a broader government push to shake up the country's bloated state-run companies. But it is an effort that, so far, has left experts unimpressed.
 RETAIL; Home Depot posts record 2Q profit
The Atlanta Journal-Constitution, August 16, 2017 Wednesday

 Home Depot posted revenue and profit gains in the second quarter as consumers continue to improve their properties, though investors didn't cheer the performance. Atlanta-based Home Depot's profit for its latest fiscal quarter was $2.7 billion, up from$2.4 billion a year earlier.
 Target buys software firm to help delivery
Orlando Sentinel (Florida), August 15, 2017 Tuesday

 Target, looking to improve its digital business amid increased competition from Amazon.com, agreed to acquire a software company that manages local and same-day deliveries. The discount chain is buying Grand Junction, a San Francisco-based startup that links retailers and other distributors to a network of more than 700 carriers across North America. Grand Junction handles the same-day delivery service for Target's store in Manhattan's Tribeca neighborhood. Though Target's online sales rose 22...
 Walmart Chief Joins C.E.O. Protests
The New York Times, August 16, 2017 Wednesday

 The chief executive of Walmart, the world's largest retailer, criticized President Trump in front of his 1.5 million American employees, widening a rift between the White House and the business community that has been growing since the weekend's violence in Charlottesville, Va. ''As we watched the events and the response from President Trump over the weekend, we too felt that he missed a critical opportunity to help bring our country together by unequivocally rejecting the appalling actions of...
 Retailers Stumble, but Indexes Change Little
The New York Times, August 16, 2017 Wednesday

 Stock indexes finished on Tuesday close to where they started as technology companies and household goods makers rose. But weak reports from sporting goods and auto parts retailers left a lot of smaller companies with steep losses. Dick's Sporting Goods and Advance Auto Parts both disclosed disappointing second-quarter results and cut their annual forecasts, which affected numerous other companies. Other retailers also dropped, including Home Depot, which posted strong results. Other groups of...
 Coach sees profits rise but falls short of hopes
The Washington Post, August 16, 2017 Wednesday

 Wall Street had wanted more as the company tries to regain its luster  Profits at Coach, the high-end handbag company, nearly doubled in the most recent quarter, to $152 million, as part of the company's aggressive turnaround efforts. But Wall Street had wanted more.
 Aldi and Instacart team up
THE DALLAS MORNING NEWS, August 15, 2017 Tuesday

 Aldi doesn’t want to be left out of the online grocery shopping trend that appears to be finally catching on with U.S. consumers. It’s partnering with on-demand service Instacart to deliver groceries to its customers in Dallas, Atlanta and Los Angeles in what it’s calling a pilot program.
 Target aiming to improve grocery, delivery units
The Boston Herald, August 15, 2017 Tuesday

 NEW YORK — Target announced moves yesterday aimed at helping it shore up two key areas: groceries and delivery. To boost its grocery business, the company said it hired executives from rival Walmart and from Cheerios maker General Mills. Target’s grocery section hasn’t been as big a draw for shoppers as the department has been for Walmart.
 HOLIDAY HIRING; L Brands to add 4,000 seasonal workers;
The Columbus Dispatch (Ohio), August 15, 2017 Tuesday

 L Brands will hire nearly 4,000 seasonal employees at its Morse Road and East Broad Street distribution centers in preparation for the holiday shopping season.
    

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