Category: Retail News
Jack Ma halts plans to cut his Alibaba stake after shares in the Chinese e-commerce giant drop
Alibaba shares have dropped below the price that Jack Ma would like to sell them for. [...]
These big names in retail could get hit by Temu’s surging growth, Bank of America says
The Wall Street bank also named retailers that are likely to be insulated from the Chinese e-commerce app's rise. [...]
Nordstrom sales come up short, echoing broader retail industry pressures
Nordstrom stressed progress it's made by clearing through inventory and reducing markdowns. [...]
Clothing rental service Nuuly reaches profitability, beating rival Rent the Runway to the benchmark
Urban Outfitters' clothing rental service Nuuly has turned its first profit since its launch in 2019, rivaling the performance of competitor Rent the [...]
Black Friday deals aren’t as good as you think. Here’s how to snag even lower prices
Stores try to tempt you with Black Friday discounts, but these are not necessarily the best prices of the year, according to shopping experts. [...]
Shares of American Eagle plummet on unimpressive holiday forecast
American Eagle issued a holiday forecast that failed to impress Wall Street, following a string of retailers who've issued muted guidance for the seas [...]
Abercrombie & Fitch raises outlook after quarterly sales surge 20%
Abercrombie & Fitch, known for its "quiet luxury" assortment, blew past estimates again and raised its full-year guidance. [...]
Dick’s Sporting Goods shares jump after retailer hikes outlook as it bounces back from theft woes
Dick's Sporting Goods posted earnings and sales that beat Wall Street's estimates after its stock plummeted in the prior quarter over theft concerns. [...]
Best Buy cuts sales forecast, as holiday shoppers hunt for deals
Best Buy beat Wall Street's earnings expectations, but cut is full-year sales outlook as it prepares for cost-conscious holiday shoppers. [...]
Lowe’s cuts sales outlook as homeowners take on fewer projects; shares slide
Lowe's cut its full-year sales and earnings outlook as it said homeowners were taking on fewer do-it-yourself projects. [...]