Macy’s shares soar on upbeat profit forecast
Macy’s beat estimates for holiday quarter results and forecast annual profit largely above expectations as the department store operator looks to ...
Tag: retailers
Kohl’s swings to surprise Q4 loss, warns on profit for year
Kohl’s plans to cut inventory by roughly 5% this year, be more surgical with discounts and change how it showcases ...
US retailers face shipping delays as carriers scrap voyages
Shipping companies like MSC and Maersk are attempting to cancel voyages to prop up sagging shipping rates — moves that ...
Dan Loeb’s Third Point seeks new Bath & Body Works directors
Billionaire investor Dan Loeb told Bath & Body Works on Wednesday that his hedge fund Third Point plans to launch a board challenge and ...
Bath & Body Works adds new director after Third Point pressure
Bath & Body Works named a veteran consumer products executive as a new director on Monday as the specialty retailer faces pressure from hedge fund Third Point LLC to ...
Retailers busting thieves with facial-recognition tech used at MSG
James Dolan has lately stirred controversy over his use of facial-recognition technology to keep his enemies out of Madison Square ...
Inflation-battered shoppers turn to dollar stores for groceries
High prices in the supermarket aisles for basic food items like eggs, milk and butter have driven more shoppers to ...
Kids’ robes sold on Amazon recalled over flammability risk
More than 13,000 children’s robes sold exclusively on Amazon are being recalled for failing to meet federal flammability standards, according to the ...
Amazon shares slide despite beating Q4 sales forecast
Andy Jassy’s Amazon beat Wall Street estimates for quarterly sales on Thursday, as the retailer’s marketing blitz during the holiday period ...
Peloton shares soar 20% on better-than-expected Q2
Peloton Interactive on Wednesday forecast current-quarter revenue above expectations, in an early sign that its efforts to boost sales, including by ...
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