Tag: Retail industry

Lululemon shares plunge 16% on weak guidance, slowing North America growth

Shares of Lululemon plunged on Friday after the athletic apparel retailer issued disappointing guidance and said it's seeing soft sales in the U.S., its...

Why Walmart’s quick success in generative AI search should have Google worried

Doug McMillon, chief executive officer of Walmart Inc., left, and Satya Nadella, chief executive officer of Microsoft Corp., during the 2024 CES event in...

Nordstrom shares fall 10% as retailer warns of potential sales declines in 2024

Shoppers exit the Nordstrom at the Westfield Topanga mall in Los Angeles on Aug. 14, 2023.Christina House | Los Angeles Times | Getty ImagesNordstrom's...

TJX tops earnings estimates but issues light guidance ahead of uncertain growth path

TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer.Despite the strong quarter and end...

Consumers are tired of inflation. But some retailers fear falling prices

A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background...

PepsiCo earnings top estimates, but quarterly revenue slides for the first time in nearly four years

Pepsi bottles are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo on...

Activist pushes Mattel to fix American Girl, Fisher-Price brands or sell them off

The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo,...

Starbucks earnings disappoint as U.S. boycott, ‘cautious’ China weaken sales

A Starbucks coffee cup sits on a table at one of the coffee chain's locations in Miami, Florida, on June 11, 2021.Joe Raedle |...

Macy’s to cut more than 2,300 jobs, about 3.5% of its workforce, and close five stores

Macy's on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department...

CVS to close ‘select’ pharmacies in Target stores in the coming months

CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the...

Nike sinks 10% after it slashes sales outlook, unveils $2 billion in cost cuts

A customer enters a Nike store along the Magnificent Mile shopping district in Chicago on Dec. 21, 2022.Scott Olson | Getty ImagesNike on Thursday...

Pro pickleball players band together as chaos, a merger and pay cuts grip the sport

Major League Pickleball finals at Pickle & Chill on October 16, 2022 in Columbus, Ohio.Emilee Chinn | Getty ImagesDozens of professional pickleball players have...

Here are the 3 top risks facing McDonald’s heading into 2024

The Ronald McDonald balloon floats down Central Park West during the Macy's Thanksgiving Day Parade on November 23, 2023, in New York City.Gary Hershorn...

Panera Bread files to go public again through IPO

A Panera Bread mango yuzu citrus charged lemonade is displayed at a Panera Bread restaurant in Novato, California, on Nov. 1, 2023.Justin Sullivan |...

Ulta Beauty shares pop as sales climb 6%

Shares of Ulta Beauty rose in after-hours trading Thursday, as the company said its third-quarter sales rose while shoppers showed once again they're willing...

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