United Kingdom

Aishwarya Venugopal

L Brands weighing options for money-losing La Senza lingerie brand

11 Oct 2018

L Brands said on Thursday it was pursuing options for its money-losing luxury lingerie brand La Senza as it focuses on core businesses such as Victoria's Secret and Bath & Body Works, sending its shares up 12 percent.

Under Armour to cut 400 more jobs in turnaround push, shares rise

20 Sep 2018

Under Armour Inc announced 400 job cuts on Thursday and raised its forecast for adjusted profit to the high-end of an earlier range, deepening cost-cuts in the face of rising competition from Nike and Adidas .

General Mills shares tumble as first-qtr sales, margins disappoint

18 Sep 2018

Cheerios and Yoplait maker General Mills Inc missed analysts' estimates for quarterly sales and margins on Tuesday, hurt by higher input costs and lower demand for its snacks and yogurts in the United States.

Dollar Tree misses comparable sales estimates on Family Dollar weakness

30 Aug 2018

Dollar Tree Inc missed Wall Street expectations for quarterly same-store sales on Thursday as the discount store operator's Family Dollar business struggled to boost sales, sending its shares down 12 percent.

Lowe's new chief shuts Orchard stores, promises streamlining

22 Aug 2018

Lowe's Cos Inc on Wednesday promised to cut back slow-moving products and unsuccessful business projects as new Chief Executive Marvin Ellison seeks to turn around a company that has trailed bigger rival Home Depot for years.

Kohl's forecast clouds solid quarterly results

21 Aug 2018

Kohl's Corp on Tuesday posted quarterly earnings and same-store sales above analysts' estimates as it sold more apparel at full price, although the department store chain's tepid profit forecast sent its shares down more than 4 percent.

J.C. Penney sinks 27 percent on forecast cut, fashion falls flat

16 Aug 2018

J.C. Penney Co Inc shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly large loss.

Margin worries send Macy's shares tumbling after profit beat

15 Aug 2018

Macy's Inc on Wednesday said its gross margins would shrink in the fall season as delivery expenses rise, overshadowing a quarterly sales and profit beat and sending shares down more than 13 percent.

Coca-Cola bets on Kobe sports drink in fight with Gatorade

15 Aug 2018

(In this August 14 story corrects paragraph 2 to show Powerade is not ceding market share to Gatorade)

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