A shopper walks past the American clothing and accessories retailer American Eagle store in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images American Eagle missed Wall Street’s sales targets for a second quarter in a row on Thursday, but profit grew by nearly 60% thanks in part to lower product costs. The company’s shares … Read more
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty Images Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported … Read more
Dodgers designated hitter Shohei Ohtani, #17, watches his ball soar after hitting his first home run as a Dodger off of Giants pitcher Taylor Rogers, # 33, in the seventh inning at Dodger Stadium in Los Angeles Wednesday, April 3, 2024. Allen J. Schaben | Los Angeles Times | Getty Images Several months after Fanatics … Read more
A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023. Scott Olson | Getty Images Dollar General shares tumbled Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy. Shares of the retailer, which caters to more … Read more
People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City. Spencer Platt | Getty Images Best Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. The retailer now expects to see full-year adjusted earnings per share in … Read more
BERLIN, GERMANY – SEPTEMBER 04: The Delivery Hero office photographed on September 04, 2020 in Berlin, Germany. (Photo by Jeremy Moeller/Getty Images) Jeremy Moeller | Getty Images Entertainment | Getty Images European food delivery firm Delivery Hero says it plans to spin off its Middle East business Talabat and float it on the Dubai stock … Read more
The new Ford F-150 and the all-new Ranger trucks are launched at a celebratory event at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. Bill Pugliano | Getty Images Ford Motor is the latest company to walk back some of its commitments to diversity, equity and inclusion initiatives. The automaker has taken … Read more
The HMD Barbie phone is a co-branded product with Mattel, the toymaking giant behind the franchise. HMD HMD, the company behind Nokia-branded phones, launched a Barbie-branded phone Wednesday that comes with calls, texts, and a classic “flip” design — but no internet or social media apps. The HMD Barbie Phone is a hot pink device … Read more
A Dollar General store in Germantown, New York, on Nov. 30, 2023. Angus Mordant/Bloomberg via Getty Images Three of the nation’s largest retailers — Dollar General, Dollar Tree and Kroger — charge fees to customers who ask for “cash back” at check-out, amounting to more than $90 million a year, according to the Consumer Financial … Read more
With fast-food customers revolting over higher prices, chains like McDonald’s, Burger King and Wendy’s are bringing back the value meal. Nearly 80% of Americans said they feel fast food has become a luxury and are eating out less, according to a LendingTree survey. To try to lure them back, fast-food chains have been touting their … Read more
