According to a recent KPMG survey of 100 retail executives, 2023 looms as a more challenging year than 2022, with 73% of retail executives saying that the United States is already in a recession or will enter one in the next six months. The figure is up by 32...
Dave Clark, Amazon CEO of Worldwide Consumer and a critical player in the company’s operational expansion during the COVID-19 pandemic, is leaving the company to pursue other interests, the company reported. The move comes as Amazon is addressing overcapacity...
Even as it tried to mitigate price increases for members necessitated by inflationary pressures, Costco continued to produce earnings and comparable store gains in the third quarter. Company net income was $1.35 billion, or $3.04 per diluted share, versus $1.22...
