Category: Retail News
This retailer has a unique view of the industry. Its profit warning doesn’t bode well for the holiday season
The parent of brands such as Vans and Timberland said full-year results will miss the mark it set only a few weeks ago. [...]
VF Corp. lowers full-year guidance, announces CEO is retiring
VF Corporation on Monday lowered its revenue and earnings expectations for the second half of its fiscal year. [...]
Drew Brees fakes lightning strike in promotional stunt for online sportsbook
Legendary New Orleans Saints quarterback Drew Brees faked being struck by lightning as part of a promotional stunt for betting company PointsBet. [...]
Elon Musk suspends Ye’s Twitter account after swastika post
Ye, formerly known as Kanye West, appeared to post an image of a swastika, a symbol synonymous with the Nazis, inside a Star of David. [...]
Las Vegas Strip’s biggest property owner in deal to take full ownership of two casinos
VICI Properties is taking full ownership of MGM Grand Las Vegas and Mandalay Bay by buying Blackstone's stake in the casino resorts. [...]
Ulta Beauty boosts outlook, as shoppers keep splurging on makeup
Ulta Beauty on Thursday boosted its outlook and surpassed Wall Street's quarterly earnings and sales expectations. [...]
NBA champions Shaq and Alonzo Mourning talk charity, pickleball and the state of the NBA
The former teammates are giving back to their community by refurbishing basketball court in Miami. [...]
Jim Cramer’s Investing Club meeting Thursday: Fed caution, trimming a retailer, Humana guidance
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
We’re locking in a big profit on our favorite retail stock after softer sales figures
We're turning a little more cautious about the name in the short term just in case November marks the beginning of a comparable sales slowdown. [...]
JPMorgan downgrades Victoria’s Secret, cites trouble for lingerie company’s core business
The firm noted that sales of intimates and apparel "lagged the balance of the business" amid a highly promotional environment. [...]