United Kingdom

Aishwarya Venugopal

Arizona cancels incentive for Nike plant after 'terrible decision' to recall sneaker: governor

04 Jul 2019

Arizona's governor on Tuesday withdrew a $1 million incentive for Nike Inc to build a plant in the state after the world's largest sportswear maker canceled release of a sneaker featuring a colonial-era version of the American flag, which critics say reflects links to slavery. | Video

Coty to write down $3 billion in assets as it restructures, shares tumble

01 Jul 2019

Coty Inc said on Monday it would write down about $3 billion in value of brands acquired from Procter & Gamble Co , as the struggling cosmetics maker laid out a four-year restructuring plan, sending its shares down as much as 19%. | Video

Conagra misses estimates as rivals step up promotions, cut prices

27 Jun 2019

Conagra Brands Inc's on Thursday missed Wall Street estimates for quarterly earnings and sales as low prices and aggressive store promotions by rival food makers ate into demand for Marie Callender's, Hunt's and Chef Boyardee products.

U.S. retailers' halting outlook reveals scale of tariff fear

13 Jun 2019

The first half of 2019 was expected to be a boon for U.S. retailers, buoyed by solid consumer sentiment at home and expansion in China - the market many of them have targeted for the future.

Tiffany sees lower Chinese tourist business; shares up

04 Jun 2019

Luxury jeweler Tiffany & Co cut its profit outlook for the year on Tuesday and blamed dramatically lower spending by tourists at its stores around the world for missing quarterly same-store sales estimates, but reassured Wall Street the second half of the year could show improvement. | Video

U.S. dollar stores warn of tariff hit after reporting upbeat sales

30 May 2019

Two of America's largest dollar store chains warned on Thursday that rising tariffs due to escalating trade tensions between Washington and Beijing would hit U.S. shoppers, after reporting strong quarterly sales that sent their shares up about 6%.

Same-day deliveries, store revamps drive Target's strong results

22 May 2019

Target Corp beat first-quarter estimates for same-store sales and profit on Wednesday, as the retailer's strategy to invest more in its delivery services and revamp stores drew in more shoppers, sending its shares up more than 9%.

Kohl's chops profit forecast after dismal first quarter, shares slump

21 May 2019

Kohl's Corp cut its full-year profit forecast and reported lower-than-expected quarterly results as the department store chain sold fewer full-price spring apparel and saw weak demand for home goods, sending its shares down as much as 14%. | Video

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."

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