Macy’s shares rise after retailer reports surprise profit, hikes full-year outlook
Macy’s reported a surprise fiscal first-quarter profit, as shoppers returned to stores to refresh their wardrobes
The retailer raised its full-year outlook, citing the momentum it’s seeing in its shops and online for the heightened optimism
CEO Jeff Gennette said the retailer is seeing strength in items for the home, fine jewelry and watches, fragrance and luxury
Walmart earnings beat estimates as retailer sees robust growth in grocery and online sales
Walmart’s first-quarter earnings beat Wall Street’s expectations, as its sales got a lift from strong grocery and e-commerce sales
The big-box retailer raised its guidance for the fiscal year
The company said more shoppers have headed to its stores and website to get ready to socialize again as Covid cases decline and vaccination rates rise
Home Depot crushes estimates, its sales jump 32.7% as customers rang up bigger purchases
Home Depot handily beat Wall Street’s estimates for its fiscal first-quarter earnings and revenue
The retailer has gotten a boost to sales over the last year during the coronavirus pandemic
Home Depot didn’t release an outlook for fiscal 2021
Lamborghini announces plan for a fully-electric car before 2030
Italian supercar maker Lamborghini has announced that it will launch a fully-electric car in the second half of the decade
Lamborghini laid out “a roadmap to the decarbonization of future Lamborghini models and of the Sant’Agata Bolognese site,” its factory headquarters
The next 10 years sees the company transition to hybrid models before it launches a fully-electric car
Biden to tout EV agenda on tour of Michigan factory building Ford’s electric F-150 Lightning pickup
President Joe Biden is scheduled to tour Ford’s new Rouge Electric Vehicle Center in Dearborn, Michigan, where the electric F-150 Lightning pickup will be produced
Biden is expected to tout his American EV agenda and $2 trillion infrastructure package that includes $174 billion to spur the development and adoption of electric vehicles
The F-150 Lightning could be the poster child for such plans
Coca-Cola is turning to hard seltzer and sports drinks in a bid to stay on top
With more than 1.9 billion drinks served every day, Coca-Cola is one of the world’s largest beverage companies
With U.S. soda consumption on the decline, the soft drink maker has been forced to pivot
Coke recently launched Topo Chico Hard Seltzer, marking its first move into alcoholic beverages on its home turf after a four-decade long hiatus
The company has also recently invested in the sports performance drink category with BodyArmor and it purchased U.K. coffee maker Costa in 2019
By K Buenavista
Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.
