Category: Retail News
Shohei Ohtani signs trading card deal with Fanatics-backed Topps
Los Angeles Dodgers superstar Shohei Ohtani has signed an exclusive trading card deal with Topps, which will offer unique, autographed baseball cards. [...]
Dollar General shares crater 20% as retailer cuts outlook, blaming ‘financially constrained’ customers
The discount retailer slashed its guidance for full-year same-store sales and profit. [...]
American Eagle saw profits grow nearly 60% as costs come down
American Eagle missed sales targets for a second quarter in a row but its profits were 60% higher as inflationary costs begin to tick down. [...]
European food delivery giant Delivery Hero plans IPO of its Middle East unit
Delivery Hero CEO Niklas Ostberg said the IPO of its Middle East business was about bringing in local investors in the region to co-invest and support [...]
Best Buy raises full-year profit guidance after earnings and revenue beat
Best Buy now expects to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to $6.20. [...]
Ford joins list of companies walking back DEI policies
Ford joins other companies walking back previous DEI commitments on supplier quotas and LGBTQ+ corporate equality practices. [...]
Nokia brand owner launches Barbie phone for $130 — with no internet
HMD, the company behind Nokia-branded phones, launched a Barbie-branded phone Wednesday that comes with calls and texts — but no internet. [...]
Abercrombie & Fitch posts 21% sales gain, hikes outlook despite ‘increasingly uncertain environment’
Abercrombie & Fitch has become one of Wall Street's biggest retail winners and the company plans to keep up the growth by expanding into internati [...]
Why the value meal is making a comeback
Chains like McDonald's, Burger King and Wendy's are trying to bring customers back with deals. [...]
Foot Locker posts comparable sales growth for the first time in six quarters
Foot Locker has spent two years transforming its business, and it's now seeing sales and margins expand, indicating its efforts are finally starting t [...]