Retail is coming off a tough first quarter
April 4, 2017
First quarter earnings for publicly traded companies in the retail industry are expected to show a 6.8 percent decline, according to Retail Metrics. If the numbers prove correct, the quarter would represent the industry’s biggest drop in earnings since the fourth quarter of 2013.
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.