Category: Retail News
Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer
The Watches of Switzerland Group lost a quarter of its value on Friday after luxury watchmaker Rolex announced a deal to buy watch retailer Bucherer. [...]
Nordstrom tops Wall Street’s quarterly expectations, even as it braces for sales declines
The department store retailer stuck by its forecast for the full year, despite better-than-expected results. [...]
Gap reports another period of declining sales across all brands, warns of ‘uncertain consumer’
Gap reported mixed results on Thursday and underwhelming current-quarter guidance. [...]
Shein strikes deal with fast-fashion retailer Forever 21 that will expand reach of both brands
As part of the joint venture, Shein will acquire about a third of Forever 21's operator, Sparc Group. Sparc will also take a minority stake in Shein. [...]
Shares of this bargain retailer are tumbling. But Jim Cramer is optimistic on the stock
Dollar Tree's (DLTR) post-earnings slide may prove short-lived, CNBC's Jim Cramer said Thursday. [...]
Dollar Tree’s shares sink, as CEO says ‘challenging’ economy is pressuring discounter
Dollar Tree raised its sales outlook for the year but narrowed its earnings guidance. [...]
Subway sandwich chain sells itself to Dunkin’ owner Roark Capital
The Roark deal ends more than five decades of private family ownership for Subway. [...]
Foot Locker’s financial troubles are much worse than feared, leading us to reevaluate the stock
Foot Locker (FL) reports a terrible quarter and lowers guidance. The specialty retailer also pauses its dividend. [...]
Juul to cut 30% of its workforce in bid to cut costs and boost profitability
Juul is awaiting a decision from U.S. regulators on whether its products can remain on the market. [...]
Nike heads toward record 10th straight losing day as Foot Locker woes, China slowdown hit stock
Shares of Nike fell Wednesday for the 10th straight day, putting it on track for its longest losing streak since it went public in 1980. [...]