Edition:
United Kingdom

Aishwarya Venugopal

Gap CEO exiting as forecast cut casts doubt on turnaround

08 Nov 2019

Gap Inc said on Thursday Chief Executive Officer Art Peck will leave the company, a surprise exit in the middle of a restructuring that comes as the apparel retailer slashed its full-year earnings forecast, sending its shares down 7%.

Facing shorter holiday season, U.S. retailers rev up faster delivery, early deals

07 Nov 2019

U.S. retailers are rushing in with faster-than-ever delivery deals and earlier Christmas promotions in hopes of easing the impact of this year's shorter holiday selling season, a period that can be make-or-break for retailers.

Kraft Heinz beats profit estimates, plans to boost marketing; shares surge

31 Oct 2019

Kraft Heinz Co will spend more on marketing for key brands widely thought to have been neglected after reporting on Thursday that lower costs helped it beat third-quarter profit expectations, sending shares up 13% in midday trading.

McDonald's misses profit target as competition delivers breakfast, plant burgers

23 Oct 2019

McDonald's Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%. | Video

Forever 21 closing stores in bankruptcy filing shows limits to fast fashion

01 Oct 2019

Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc and the changing fashion trends dictated by millennial shoppers. | Video

Target shares surge on same-day delivery boost

21 Aug 2019

Target Corp beat expectations for earnings and raised its full-year outlook on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores, sending shares 19% higher. | Video

Kohl's cuts 2019 margin forecast on tariffs, first half promotions cost  

20 Aug 2019

Kohl's Corp forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings, because of the cost of more aggressive promotions in the first half and potential hit from new tariffs on imports from China.

J.C. Penney quarterly loss halves, sales still fall amid turnaround

15 Aug 2019

J.C. Penney Co Inc reported a smaller-than-expected quarterly loss on Thursday, as the department store operator's efforts to cut costs and shutter unprofitable businesses paid off, sending shares of its penny stock higher by as much as 14%.

World News