Pedestrians walk past a Nike store featuring a modern design and mannequins displaying winter apparel on December 5, 2024, in Wuhan, Hubei Province, China. Cheng Xin | Getty ImagesNike will report fiscal third-quarter earnings after the bell on Thursday and provide updates on its turnaround plan as it navigates new...
Ulta Beauty on Thursday issued weak guidance for the year ahead as it navigates a series of internal missteps, rising competition and what it called "consumer uncertainty."The retailer, which appointed Kecia Steelman as its new CEO in January, said it's expecting comparable sales to be flat or grow 1%...
American clothing and accessories retailer American Eagle store seen in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesAmerican Eagle warned investors on Wednesday that consumers are pulling back on spending and it's seen a "slower start" to the year than it expected. "Entering 2025, the first quarter is off to...
Dick's Sporting Goods on Tuesday said it's expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. In an interview with CNBC, executive chairman Ed Stack...
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty ImagesGap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better –...
Macy's delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist investor looking to take the chain private.Across the business, which includes the Macy's banner, Bloomingdale's and Blue Mercury,...
Abercrombie & Fitch's growth story is starting to slow down.The apparel retailer issued weaker-than-expected guidance for its current quarter and fiscal 2025, and said it expects its sales will grow more slowly than Wall Street anticipated.Abercrombie is expecting sales to rise between 3% and 5% in fiscal 2025, well...
Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory. The footwear giant delivered mix results for its holiday quarter, beating Wall Street's expectations on earnings but...
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, on Nov. 26, 2024.Victor J. Blue | Bloomberg | Getty ImagesTarget will report fiscal fourth-quarter earnings on Tuesday and show investors whether it is driving more full-price sales of discretionary merchandise, which has long been the...
North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.Jeff Greenberg | Getty ImagesTJX Companies posted a better-than-expected holiday quarter driven entirely by customer transactions, indicating the off-price giant is still taking market share from department stores and other discounters as price-conscious consumers...