Levi Strauss, which has long relied on wholesalers like Macy's and Kohl's to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first quarter earnings. In the three months ended Feb. 25, direct-to-consumer sales made...
Bob Iger poses with Mickey Mouse attends Mickey's 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles.Valerie Macon | AFP | Getty ImagesDisney shareholders on Wednesday reelected the media conglomerate's full board, preliminary results show, handing a stinging defeat to activist Nelson Peltz and former...
Check out the companies making headlines in midday trading. Intel – The tech giant sank 7% after the revealing a $7 billion operating loss within its semiconductor manufacturing — or foundry – business in 2023. Spotify Technology – The music-streaming company popped more than 5%. Bloomberg reported that Spotify...
People walk past an Ulta Beauty store in the Manhattan borough of New York City, New York, U.S., March 8, 2022. Carlo Allegri | ReutersUlta Beauty shares tumbled about 13% on Wednesday as CEO Dave Kimbell warned of cooling demand for beauty products.Other stocks in the segment, including E.L.F. Beauty,...
