Edition:
United Kingdom

Aishwarya Venugopal

Overstock CEO says he had to sell shares to supplement his pay

17 May 2019

Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to "give such an explanation again."

Macy's CEO says tariff escalation could hurt business

15 May 2019

Macy's Inc said on Wednesday the latest tariffs on Chinese imports by Washington are hitting its furniture business and warned investors that additional levies would leave its clothing and accessory categories vulnerable as well. | Video

RPT-Members only: US retailers revamp loyalty schemes for Amazon era

14 May 2019

May 14 With private fitting rooms, members-only stores and clever apps, U.S. department stores are reinventing their old and tested loyalty programs to fend off the challenge from e-commerce giant Amazon.com Inc and other online rivals.

Members only: U.S. retailers revamp loyalty schemes for Amazon era

14 May 2019

With private fitting rooms, members-only stores and clever apps, U.S. department stores are reinventing their old and tested loyalty programs to fend off the challenge from e-commerce giant Amazon.com Inc and other online rivals.

Tapestry shares surge after $1 billion buyback plan, profit beat

09 May 2019

Tapestry Inc on Thursday unveiled its biggest buyback plan in nearly seven years and beat Wall Street estimates for third-quarter profit as it sold more Coach and Kate Spade handbags, sending its shares up 17 percent.

Kraft Heinz to restate nearly three years of financial reports after investigation

06 May 2019

Kraft Heinz Co will restate financial reports for a near three-year period to fix errors that resulted from lapses in procurement practices by some of its employees, the packaged food company said in a filing on Monday. | Video

Under Armour lifts profit forecast as international sales shines

02 May 2019

Under Armour Inc raised its full-year earnings forecast after quarterly results beat estimates on Thursday, propped up by higher sneaker sales in international markets and an improvement in its sluggish North America business, sending shares up as much as 9 percent.

Chipotle beats profit, revenue estimates as online sales surge

25 Apr 2019

Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as the restaurant chain's marketing efforts and aggressive investments in online ordering and deliveries attracted more customers.

Levi Strauss revenue rises in first post-IPO quarterly report

09 Apr 2019

Levi Strauss & Co posted a 7 percent rise in quarterly revenue on Tuesday after returning to public markets last month, driven by the jeans maker's strategy to invest in its retail stores and online business.

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