John Donahoe, attends the first day of the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesNike CEO John Donahoe appears to be on thin ice. The former top executive of eBay, who has been at the helm of Nike since January 2020, is...
Nike shoes and logo are seen at a store in Nice, France on May 28, 2024.Jakub Porzycki | Nurphoto | Getty ImagesNike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of "challenges" that led it to cut...
Denim is having a moment with consumers, but it hasn't led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second quarter revenue that fell just short of Wall Street's expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts...
Lululemon's growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter. The athletic apparel retailer handily beat Wall Street's earnings estimates, but only narrowly topped revenue expectations. Lululemon's full fiscal...
A Gap store in New York, US, on Monday, May 27, 2024. Gap Inc. is scheduled to release earnings figures on May 30. Bloomberg | Bloomberg | Getty ImagesGap posted positive comparable sales at all four of its brands on Thursday, leading the apparel giant to raise its full-year guidance...
Foot Locker's turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop off that analysts had expected, according to StreetAccount. It also reaffirmed its fiscal year guidance, which projects sales to be in a range...
American Eagle on Wednesday said it's making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. Nevertheless, revenue gained 6% year over year and marked a record for the first quarter, the...
An Abercrombie & Fitch signage is seen on a store on Fifth Avenue on August 25, 2022 in New York City. Michael M. Santiago | Getty ImagesAbercrombie & Fitch reported its strongest first quarter in its history on Wednesday, continuing a winning streak that again exceeded expectations.The retailer's sales jumped...
A shopping cart sits in front of a Dick's Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty ImagesDick's Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its...
A T.J. Maxx store in Pasadena, California.Mario Anzuoni | ReutersOff-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it's not just because consumers are under pressure and hunting for value. Persistent inflation and rising prices for essentials like food and...