United Kingdom

Nivedita Balu

Constellation cuts forecast as pot investment, wine business weigh

09 Jan 2019

Corona-maker Constellation Brands Inc cut its 2019 profit outlook on Wednesday, citing weakness in wine and spirits sales and costs related to its investment in a Canadian pot producer, sending its shares down to a near two-year low. | Video

North America, online sales power Nike's quarterly results beat

21 Dec 2018

Nike Inc's quarterly results beat Wall Street estimates, boosted by strength in North America where new launches led to higher sale of more full-priced footwear and apparel online, sending its shares up 7 percent on Thursday.

Stitch Fix user growth to remain flat in holiday quarter; shares fall

11 Dec 2018

Online personal styling service Stitch Fix Inc on Monday said it did not expect to increase the number of its active subscribers in the holiday quarter, as customers focused on gift-buying rather than themselves, sending shares down 14 percent.

PVH falls short of revenue estimates on softness in Calvin Klein

29 Nov 2018

Apparel maker PVH Corp reported quarterly revenue on Thursday that missed Wall Street estimates for the first time in at least two years, due to weakness in its Calvin Klein business, sending its shares down nearly 8 percent after-hours.

L Brands halves dividend, appoints new CEO for Victoria's Secret

19 Nov 2018

L Brands Inc on Monday slashed its full-year dividend and replaced the chief executive of its struggling Victoria's Secret lingerie brand.

Cosmetics giant Coty replaces CEO, chairman

12 Nov 2018

Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant rattled investors by warning that fiscal-year performance could be hurt by supply chain issues.

Low-carb Corona a winner in Constellation results beat

04 Oct 2018

Constellation Brands Inc raised its full-year profit forecast and reported better-than-expected quarterly sales and profit on Thursday, as it benefited from strong demand for Corona beers during the summer, sending its shares up as much as 7 percent.

Nike profit tops targets but margins disappoint some

26 Sep 2018

Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was not enough for some investors, sending shares down 4 percent after hours.

Sears' same-store sales losses narrow but warns it may go out of business

14 Sep 2018

Sears Holdings Corp reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company's continued operation as it awaits approval to sell some of its businesses to its chief executive's hedge fund.

World News