By Michael Susin Boohoo Group has downgraded its fiscal 2024 revenue targets on slower-than-expected sales volume recovery, and reported a widened pretax loss for the first half. The…
Read more Boohoo Cuts Revenue Views on Slower Volume RecoveryHere are the day’s biggest movers: Stock gainers: Blue Apron Holding Inc.’s stock APRN, +133.52% rocketed by 134% after food-delivery start-up Wonder said it would acquire the company…
Read more Blue Apron notches triple-digit percentage gain while Nike rallies after earnings beat and boosts Foot Locker stockBy Michael Susin ASOS said that fourth-quarter revenue slipped but cost-savings measures supported the group’s profitability, while earnings are expected to come in at the bottom end of…
Read more ASOS 4Q Revenue Slipped on Weaker Performance; Sees EBIT at Bottom End of GuidanceH&M shares slumped Friday as the Swedish retail chain missed expectations for sales growth in a quarter in which it said it focused on profitability. H&M stock HM.B,…
Read more H&M shares fall as retailer misses sales expectations; CAC 40 leads advanceBy Maitane Sardon Zara Owner Inditex on Wednesday reported first-half sales which beat market forecasts, thanks to a strong performance both online and in stores. The Spanish fashion…
Read more Inditex 1H Sales EUR16.85BFoot Locker stock plunged on Wednesday as investors kicked around a bevy of bad news. The shoe and sportswear retailer missed expectations for second-quarter sales, slashed its full-year…
Read more Foot Locker Slashes Its Outlook and Suspends Dividend. The Stock Sinks.Home Depot, Target, Cisco, Deere, Walmart, and More Stocks to Watch This Week Source link
Read more Home Depot, Target, and More to Watch This WeekBy Dominic Chopping STOCKHOLM–Sweden’s Hennes & Mauritz Monday announced plans to launch physical and online stores in Brazil during 2025. The fashion retailer said it will initially enter…
Read more H&M to Launch in Brazil During 2025Shopping online has just gotten safer. The INFORM Consumers Act, which went into effect Tuesday, aims to limit the sales of stolen and counterfeit products on e-commerce platforms. …
Read more ‘This is a game changer’: Ahead of Amazon Prime Day, a new law makes it harder for online sellers to hawk fake or stolen productsBy Dominic Chopping STOCKHOLM–Sweden’s H&M Hennes & Mauritz on Thursday reported fiscal second-quarter sales that were slightly below expectations. The fashion retailer said sales for the quarter ended…
Read more Hennes & Mauritz 2Q Sales SEK57.62BWalmart, Alibaba, Target, and More Stocks to Watch This Week Source link
Read more Walmart, Alibaba, Target, and More Stocks to Watch This Week
