A GameStop location on 6th Avenue in New York on March 23, 2021.View Press | Corbis News | Getty ImagesGameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending...
The Micron Technology headquarters in Boise, Idaho, on March 28, 2021.Jeremy Erickson | Bloomberg | Getty ImagesShares of Micron popped more than 14% in extended trading on Wednesday after the company announced second-quarter fiscal 2024 results that beat analysts and offered rosy guidance. The company, which makes memory and...
Construction workers are seen at a new condominium building project in Huerth, western Germany, on April 5, 2023.Ina Fassbender | Afp | Getty ImagesShares of German property giant Vonovia fell as much as 7% on Friday, shining a light on a deepening real estate crisis in Europe's largest economy.The...
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Brendan Mcdermid | ReutersAdobe shares tumbled as much as 11% in extended trading on Thursday after the design software maker issued strong...
A sign inside a Dollar General store in Chicago.Jim Young | ReutersDiscount retailer Dollar General forecast annual sales above Wall Street estimates on Thursday, banking on more inflation-affected customers buying its cheaper groceries and essentials, sending its shares 6.6% higher premarket.Like rival Dollar Tree, however, Dollar General also projected...
Workers at Foxconn factory campus in Longhua town, Shenzhen. 20JUL16 SCMP/Nora Tam (Photo by Nora Tam/South China Morning Post via Getty Images)South China Morning Post | South China Morning Post | Getty ImagesApple supplier Foxconn said on Thursday it expects revenue to increase significantly in 2024 following a slow...
Shopper carrying two large shopping bags from the clothing retailer Zara on Oxford Street on 5th February 2024 in London, United Kingdom. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily visitors...
Gary Philbin, CEO, Dollar TreeScott Mlyn | CNBCDollar Tree missed Wall Street expectations for quarterly sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling business.Shares of the Chesapeake, Virginia-based firm fell about 8%...
Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Justin Sullivan | Getty ImagesAdidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory.Currency-neutral sales in...
The chief executive of Denmark's Lego on Tuesday reflected on a tough year for the world's largest toymaker, and outlined the firm's long-term plans to stay relevant and "cool with kids."Lego said its 2023 revenue was 2% higher compared to the previous year, growing to 65.9 billion Danish krone (around...