Wall Street's four-week slump deepened and the Dow Jones Industrials was set to surrender all its "Trump-bump" gains on Wednesday, as the coronavirus pandemic threatened to bring the U.S. economic activity to a halt.
The platform allows U.S. users to search for items they wish to buy, provides recommendations based off of their web activity and offers multiple purchasing options, including direct check out through Google.
Costco Wholesale Corp’s gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry.
As store sales fall and purchases shift online over the Thanksgiving weekend, most U.S. retailers have boosted their web offerings but many still overlook the sales impact from opening their doors on Thursday evening.
Costco Wholesale Corp’s quarterly sales barely beat analysts’ estimates on Thursday as growth in online business decelerated to its slowest in the year amid intense competition, while gross margins fell on rising cost...