Category: Retail News
Luxury brands diverge: Tapestry stock rises while Capri slides after earnings
Kate Spade owner Tapestry beat analyst expectations Thursday and raised its annual profit forecast, a day after Capri's disappointing third quarter ea [...]
Iconic Kobe Bryant jersey sells for record $5.8 million at auction
The jersey worn by the late basketball star during 25 games of his 2007-2008 season is now the most expensive Kobe Bryant item ever sold at auction. [...]
Chick-fil-A will test a cauliflower sandwich in its first plant-based pilot
Chick-fil-A said it's been working on a plant-based sandwich for nearly four years. [...]
Fast food reigns supreme as inflation weighs on pricier restaurants
Fast-casual and full-service restaurants like Chipotle and Chili's are struggling to attract customers. [...]
PepsiCo earnings beat expectations as price hikes boost snack and beverage sales
PepsiCo saw volume fall 2% across its food business as price hikes hurt consumer demand. [...]
Mattel shares tumble after holiday season fails to boost sagging sales
Mattel had hoped the holiday season would boost sales as inflationary pressures continue to squeeze consumer demand. [...]
Michael Kors-owner Capri shares plunge after revenue falls across the retailer’s luxury brands
Revenue fell across the company's luxury brands — Michael Kors, Jimmy Choo and Versace — dragged lower by slowing traffic in China. [...]
Under Armour raises outlook as earnings and revenue beat expectations
Under Armour has an inventory glut that's up slightly from its last quarter and 50% year-over-year despite heavy discounting and promotions. [...]
Fast-food giant Yum Brands tops expectations, led by strength in Taco Bell
Taco Bell reported same-store sales growth of 11% for the fourth quarter. [...]
Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales
The burrito chain has been raising prices to offset higher food and labor costs. [...]