Today: September 19, 2024
Today: September 19, 2024

Latest From Savyata Mishra

Business|Economy|Finance|News

US retailer holiday hiring set to be lower than last year

U.S. retailers will hire fewer seasonal workers this holiday season than last year due to a softer labor market and tighter consumer spending heading into the crucial

US retailer holiday hiring set to be lower than last year
Business|Fashion and Beauty|Lifestyle

Lululemon to fast-track hot new styles after 'Breezethrough' fiasco

Lululemon Athletica on Thursday promised to fast-track hot styles to the market, after embarrassing reviews of its "Breezethrough" leggings prompted the pricey athleisure

Lululemon to fast-track hot new styles after 'Breezethrough' fiasco
Business|Finance|Stock Markets

Lululemon cuts annual forecasts on tepid US demand, slower product refresh

Lululemon Athletica cut its annual sales and profit forecasts on Thursday, as demand for its pricey leggings and tank tops slowed in North America amid selective consumer

Lululemon cuts annual forecasts on tepid US demand, slower product refresh
Business|Finance

Ross Stores lifts profit view on firm demand for discounted apparel

Ross Stores raised its fiscal 2024 profit forecast and posted second-quarter results above Wall Street estimates on Thursday, benefiting from demand for its discounted

Ross Stores lifts profit view on firm demand for discounted apparel
Business|Economy|Finance

Target's grocery discounts prove surprise boost for clothes, beauty sales

Target's price cuts on groceries are finally paying off.

Target's grocery discounts prove surprise boost for clothes, beauty sales
Business|Finance|Stock Markets

Kellanova shares pop on report of Snickers maker Mars mulling buyout

Shares of Pringles maker Kellanova surged 18% in early trading on Monday, after a Reuters report said candy giant Mars was exploring a potential buyout of the company.

Kellanova shares pop on report of Snickers maker Mars mulling buyout
Business|Economy|Finance

Leisure vehicle makers feel the heat this summer as big-ticket spending cools

Makers of ATVs, boats and other recreational vehicles are staring at a bleak summer as caution around big-ticket purchases amid high interest rates has dashed hopes of a

Leisure vehicle makers feel the heat this summer as big-ticket spending cools
Uncategorized

McDonald's sales fall globally for first time in more than three years

McDonald's reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items,

McDonald's sales fall globally for first time in more than three years
Business|Economy

Toymaker Hasbro's turnaround efforts buoy quarterly results, shares rise

Hasbro posted a smaller-than-expected drop in second-quarter

Toymaker Hasbro's turnaround efforts buoy quarterly results, shares rise
Business

Nike shares skid as switch to newer styles to squeeze revenue

Nike shares fell more than 6% before the bell on Friday after the Air Jordan maker forecast a drop in sales in its first half as it replaces older styles with trendier

Nike shares skid as switch to newer styles to squeeze revenue
Business

Chipotle jumps on first ever stock-split as shares hover at record high

Shares of Chipotle Mexican Grill were up nearly 6% at $2960 premarket on Wednesday after the burrito chain's board approved a 50-for-1 stock split as the company looks to

Chipotle jumps on first ever stock-split as shares hover at record high
Business

Macy's surges after investor group sweetens take-private bid to $6.6 billion

Macy's shares jumped 16% before the bell on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing the

Macy's surges after investor group sweetens take-private bid to $6.6 billion
Business

Toymakers Hasbro, Mattel slump after sounding alarm over holiday spending

Toymaker Hasbro disappointed investors with its results on Thursday, joining Barbie-maker Mattel in warning of a weak holiday season and indicating that consumers are

Toymakers Hasbro, Mattel slump after sounding alarm over holiday spending
Business

Most Wall St brokerages upbeat on Instacart on e-grocery shopping potential

Most Wall Street brokerages, including J.P.Morgan and Piper Sandler, kicked off coverage on Instacart with a bullish view, betting on the grocery delivery app's growth

Most Wall St brokerages upbeat on Instacart on e-grocery shopping potential
Business

Nike shares jump on leaner inventory, better margins outlook

Nike shares surged about 10% in premarket trading on Friday as the company further trimmed its inventory ahead of the all-important holiday shopping season and forecast

Nike shares jump on leaner inventory, better margins outlook
Business|Economy

Home Depot sales drop more than expected as wary customers delay big projects

Home Depot posted a bigger-than-expected drop in quarterly same-store sales on Tuesday as cautious Americans shelled out less for big-ticket items while focusing on small-

Home Depot sales drop more than expected as wary customers delay big projects
Business|Technology

Toymaker Hasbro's turnaround efforts help first-quarter profit beat

Hasbro reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates on Wednesday, helped by leaner inventories and steady digital gaming

Toymaker Hasbro's turnaround efforts help first-quarter profit beat
Business|Economy|News|World

McDonald's posts rare profit miss as customers turn picky

McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on

McDonald's posts rare profit miss as customers turn picky

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