Vanessa O'Connell

New York

Business Editor at Reuters

I'm a business editor @Reuters and coauthor of WHEELMEN (the book). Previously @wsj @medillschool @northwesternu.

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Articles

Ferrari will always make its cars in Italy, CEO says

Dec 10, 2024 | finance.yahoo.com | Vanessa O'Connell

NEW YORK (Reuters) -Ferrari will always make its luxury sports car in its hometown of Maranello, northern Italy, including its first fully electric model expected next year, Chief Executive Benedetto Vigna said on Tuesday. And this will not change, despite new tariffs potentially being introduced on international markets, including the U.S. following the election of Donald Trump as president.
Investors Mining new Data to Predict Retailers' Results

Nov 25, 2024 | gurutrade.com | Nicholas Brown |Carolina Mandl |Vanessa O'Connell |Anna Driver

Alternative data helps predict retailer performance HundredX provides shopper sentiment data to Goldman Sachs Industry is growing, helped by investors seeking an advantage NEW YORK, Nov 25 (Reuters) - Heading into holidays some expect to disappoint, Wall Street investors like Goldman Sachs are using new ways to monitor shoppers' actions and intentions to help determine the season's winners and losers.
US anti-trust trial in Tapestry bid for Capri ends, judge's decision awaited

Sep 30, 2024 | today.westlaw.com | Siddharth Cavale |Vanessa O'Connell

NEW YORK (Reuters) - The U.S. anti-trust trial over the $8.5 billion bid by luxury goods maker Tapestry to buy Capri concluded on Monday, with Tapestry lawyers citing an "intensely competitive" handbag market in defending against claims that...
Explainer-Why retail has lost its sparkle for private equity firms

Mar 5, 2024 | today.westlaw.com | Chizu Nomiyama |Vanessa O'Connell |Abigail Summerville |Anirban Sen

NEW YORK (Reuters) - Private equity firms made billions of dollars betting on major U.S. retailers, clothing and accessories and restaurant chains, reshaping the consumer sector from the 1990s to the early 2010s. But over the past 10 years the big...
Exclusive-Rubio urges SEC to block Shein IPO unless China operating risk disclosed

Feb 14, 2024 | today.westlaw.com | Katherine Masters |Vanessa O'Connell |Lisa Shumaker

NEW YORK (Reuters) -Republican Senator Marco Rubio asked the U.S. Securities and Exchange Commission to block Shein's bid to list publicly in New York unless the e-tailer makes additional disclosures about its business operations and "the serious...
Shoppers click 'buy' as retailers slash prices ahead of Cyber Monday

Nov 26, 2023 | insideretail.com.au | Vanessa O'Connell |Vanessa O’Connell |Leslie Adler |Anil Prabha

Holiday shoppers in the US are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, the first Monday after the Thanksgiving holiday, is set to be the biggest US online shopping day of the year as merchants have stepped up online promotions.
Price war: Amazon excludes rival Temu from competitive price checks

Jun 12, 2023 | today.westlaw.com | Deepa Babington |Vanessa O'Connell |Arriana McLymore

NEW YORK (Reuters) -Amazon is excluding its new competitor Temu from its price searching algorithm that checks if products sold on its platform are competitive with rivals, saying the site doesn't meet its standards. According to Amazon, Temu, an...
Price war: Amazon excludes rival Temu from competitive price checks

Jun 12, 2023 | today.westlaw.com | Deepa Babington |Vanessa O'Connell |Arriana McLymore
Walmart investors eye margins amid grocery focus

May 16, 2023 | kitco.com | Siddharth Cavale |Vanessa O'Connell |Nick Zieminski
Walmart investors eye margins amid grocery focus

May 16, 2023 | kitco.com | Siddharth Cavale |Vanessa O'Connell |Nick Zieminski

NEW YORK, May 16 (Reuters) - When Walmart reports earnings Thursday, investors will get an even closer look at how American shoppers shifted their spending when faced with higher prices on groceries and most other merchandise. Shoppers recently have been cutting back on their purchases of clothing, TVs and furniture - goods that tend to be more profitable for Walmart and other retailers.