Tag: retail market

Macy's Inc cut its full-year earnings and profit forecast after experiencing a slowdown in demand for its high-end products. The retailer's shares declined by 7% on Thursday morning. The department store company is now expecting its full-year sales to be between $22.8 billion and $23.2...

Shares in drink and brewing company Anheuser-Busch InBev remain low as sales for its Bud Light beer continue to decline. AB InBev's shares declined by 4.71% during pretrading on Wednesday. Following widespread backlash against the advertising campaign with transgender influencer Dylan Mulvaney on April 1, Bud...

Costco Wholesale Corp. has revealed that it does not plan to raise its membership prices over the near term, despite grocery prices rising at large. The topic was initially brought up during the company’s earnings call on Thursday when a reporter raised the question...

Abercrombie & Fitch Inc reported an unexpected quarterly profit on Wednesday, raising its annual sales forecast as a result. The company's shares surged by 18% following the announcement. The company reported a first quarter gross profit margin of 61%; a 570 basis point rise from...

Panasonic has insisted that China remains a high-priority market despite supply chain setbacks, chief executive Yuki Kusumi confirmed. This comes after attendees of the recent Group of Seven (G7) summit in Hiroshima called for members to "de-risk" when it comes to doing business in...

Shares in Dick's Sporting Goods were up 0.7% to $127.29 on Tuesday morning after the retailer released its earnings report for the first financial quarter. Dick's Sporting Goods reported earnings per share of $3.40, beating the $2.85 per share that the company earned during the...