Online grocery sales ‘soaring’ in the Middle East, trend may continue

Online demand for groceries has seen a “fantastic surge” in the Middle East during the coronavirus pandemic, and the trend may be here to stay, a United Arab Emirates-based retail executive told CNBC this week. Supermarket operator Carrefour’s online orders spiked by 917% in Saudi Arabia from January to June this year, while the United […]

Under Armour (UAA) reports Q2 2020 sales beat

Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour said Friday its revenue fell 41% during the latest quarter, but overall its results came in better than the retailer was expecting thanks to an...

Yum Brands (YUM) Q2 2020 earnings report: Same same-store sales down

A view of Taco Bell in New York City USA during the coronavirus pandemic on May 9, 2020 in New York City. John Nacion | NurPhoto | Getty Images Yum Brands on Thursday reported that global same-store sales fell 15% in the fiscal second quarter as most of its dining...

Best Buy says its sales are rebounding as stores reopen

A shopper makes a purchase at a Best Buy store in Corpus Christi, Texas. Eddie Seal | Bloomberg | Getty Images Best Buy said Tuesday that it’s brought back about half of its furloughed employees as sales rebound. The retailer said in a news release its...

Toy sales up 19% in June, as online shopping surge continues

FamVeld | iStock | Getty Images In March, school lessons moved into the kitchen, after-school programs vanished and some parents were doing double duty, occupying children while they tried to work from home. Parents turned to toys as a way to fill the hours under...