Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic and US government stimulus payments boosted spending, the company reported Tuesday. And executives said the retail behemoth made progress in addressing shortages of cleaning supplies and grocery staples that sold out in the early […]
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Home Improvement Spree Props E-commerce Stocks: 5 Picks
The coronavirus outbreak has swelled the traffic to online shopping platforms with more people at home due to lockdowns. And the demand for home décor has also gone up significantly with people finding the time to refurbish interiors. Surge in online shopping of home furnishing products has boosted e-commerce businesses, […]
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CORRECTED-XPO Logistics jump 13% on cost-cutting, e-commerce growth
(Corrects speaker as CEO) LOS ANGELES, May 5 (Reuters) – XPO Logistics Inc shares jumped almost 13% on Tuesday after executives said its e-commerce fulfillment, returns and home delivery businesses are thriving during the novel coronavirus pandemic. “E-commerce saved us in April… It was our strongest performing vertical across the […]