Gap shares halted after apparent early earnings release
Gap shares were halted after the apparent early release of its earnings, which are due after the closing bell Thursday.
Read More
Retail industry
Dollar General shares crater 20% as retailer cuts outlook, blaming ‘financially constrained’ customers
The discount retailer slashed its guidance for full-year same-store sales and profit. Source link
Read More
Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets
Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish krone, or about
Read More
JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng
The announcement is JD.com's second buyback this year, after announcing a $3 billion buyback in March. Source link
Read More
Nordstrom shares climb 5% as earnings top estimates, but retailer issues cautious guidance
Nordstrom has been working to cut costs and improve operations as it contends with softening demand for luxury goods. Source
Read More
Home improvement retailer Lowe’s latest U.S. firm to end some diversity policies
Lowe's will no longer participate in surveys for Human Rights Campaign and will combine its various resource groups that represent
Read More
Shares of Temu parent company PDD plunge almost 29%; ‘too large a correction’, says analyst
The slump comes after the company failed to meet expectations in its second quarter results. Source link
Read More
Restaurants fight back against the FTC crackdown on ‘junk fees’ as diners balk at new charges
The FTC is trying to crack down on "junk fees." Restaurants are fighting to keep fees and surcharges on their
Read More
Walmart adds a Burger King benefit to its membership program
Walmart announced a new partnership with Burger King that will offer Walmart+ members 25% off any Burger King order made
Read More