The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Macy’s department-store chain announced that they will be laying […]
Under Armour is laying off workers as retailer says North America sales will plunge this year
Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its […]
Walmart earnings beat as discounter wins over more high-income shoppers, e-commerce sales jump
Walmart on Thursday topped quarterly earnings and revenue expectations, as the discounter made significant e-commerce gains, drove profits with newer businesses like advertising and won over more high-income shoppers. The […]
Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty […]
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot on Tuesday posted quarterly revenue below Wall Street’s expectations, as shoppers postponed bigger discretionary projects like bath and kitchen remodels because of higher interest rates and made spring […]
Oddity Tech says it's bucking the beauty slowdown Ulta warned about
As Ulta Beauty says it expects a slowdown in retail’s most resilient category, an upstart says it is bucking the trend. Oddity Tech, the newly public Israeli cosmetics platform that […]
Disney quarterly results are on deck. Here's what to expect
The “Partners” statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. […]
Wayfair shares surge after furniture retailer cuts losses by more than $100 million
Wayfair’s sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced […]
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho. Kevin […]
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Starbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales. […]