The strong holiday season prompted retailers Lululemon Athletica and Abercrombie & Fitch to raise their quarterly forecasts for the current quarter, albeit with different responses from investors.
Lululemon previously projected sales between $3.48 billion and $3.51 billion and profit per share between $5.56 and $5.64....
Retail sales in the United States stabilized in July, thereby indicating positive economic health. Sales rose by 1% for the month, thereby reversing a 0.2% drop in June and significantly outpacing the 0.3% rise that economists expected.
The largest increase since January, retail sales were...
Major Chinese online retailer JD.com posted a total revenue of 291.40 billion yuan ($40.71 billion) in the second quarter, a 1.2% rise. This narrowly fell short of estimates of 292.89 billion yuan. The company's second-quarter net profit, however, skyrocketed by 73.7% to 9.36 yuan...
Walmart is expected to post revenue growth for the second quarter according to Wall Street estimates. Analysts are expecting the U.S. retailer to report a quarterly revenue of $168.46 billion, a 4.23% rise. Last year's revenue was $161.63 billion. Adjusted earnings per share is...
Dolce & Gabbana CEO Alfonso Dolce confirmed that the fashion house is open to seeking new investors as a means of raising capital. This comes as the company looks to open 12 new stores in the U.S., including at 695 Madison Avenue in New...
Target shares rose by 8.5% in premarket trading on Tuesday after the retail giant released its earnings report for 2023. The company's net sales were $31.9 billion, thereby exceeding analysts' estimates of $31.38 billion. Gross profit came in at 25.6%, eclipsing the 22.7% in...
