Category: Retail News
China’s latest Covid surge pressures 3 Club stocks, but doesn’t change our conviction in each
The temporary setback doesn't shake our confidence in the ability of these holdings to soar higher in the long term. [...]
Abercrombie & Fitch surges 18% after reporting surprise profit
Mall apparel retailer Abercrombie & Fitch surprised investors with a fiscal first quarter profit, sending shares surging. [...]
Target pulls some Pride collection items after threats to employees
Target said it was "removing items that have been at the center of the most significant confrontational behavior." [...]
Kohl’s shares spike as retailer reports a surprise profit
Kohl's unexpectedly posted a profit and reaffirmed its full-year guidance. [...]
Shares of Urban Outfitters spike after fiscal first-quarter earnings beat
Shares of Urban Outfitters spiked about 8% after the company reported fiscal first-quarter earnings that beat on the top and bottom lines. [...]
Consumer spending is slowing, but these two Club retailers are well-positioned to ride out the storm
American consumers are continuing to rein in spending amid growing concerns over the health of the U.S. economy, putting further pressure on the retai [...]
Nike CEO John Donahoe says disengaging from China would be ‘disastrous’ amid rising geopolitical tensions
As China steps up aggression against Taiwan, Nike CEO John Donahoe said risk is everywhere but decoupling from the region would be 'disastrous.' [...]
Panera Bread parent announces CEO transition as it prepares for ‘eventual IPO’
Panera Brands CEO Niren Chaudhary will be succeeded by Einstein Bros. Bagels CEO Jose Duenas, effective July 1. [...]
Peloton aims to rebrand as a fitness company for all with focus on app, tiered subscription pricing
Peloton has long been considered an in-home bike company for fitness junkies, but the company is working to change that by making its app accessible t [...]
Lowe’s cuts full-year sales forecast, as spending on do-it-yourself projects weakens
Lowe's beat first-quarter expectations but lowered its full-year sales outlook. [...]