Category: Retail News
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 [...]
Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets
Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish krone, or about $4.65 billion. [...]
JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng
The announcement is JD.com's second buyback this year, after announcing a $3 billion buyback in March. [...]
Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds
Some big retailers have been levying a fee on customers who ask for cash back on purchases. That disproportionately hurts those in banking deserts. [...]
Nordstrom shares jump 10% as earnings top estimates, but retailer issues cautious guidance
Nordstrom has been working to cut costs and improve operations as it contends with softening demand for luxury goods. [...]