United Kingdom

Nivedita Balu

UPDATE 3-Constellation tightens grip on Canopy with CEO appointment

09 Dec 2019

Dec 9 Constellation Brands Inc finance head David Klein will take over in January as chief executive officer of pot producer Canopy Growth Corp, hardening up the Corona beer maker's control of a company into which it has sunk $4 billion.

Kroger sales, earnings miss as competition hurts

05 Dec 2019

U.S. supermarket chain Kroger Co missed Wall Street estimates for quarterly sales and profit on Thursday, hurt by stiff competition from industry stalwarts including Walmart Inc and Amazon.com Inc .

Late Thanksgiving cools Campbell soup sales as grocers delay shipments

04 Dec 2019

Campbell Soup Co on Wednesday missed quarterly sales estimates after a late Thanksgiving delayed soup shipments, and lowered its fiscal 2020 sales forecast to account for the sale of its European chips business.

Gap's quarterly profit beats; says working on plan to split Old Navy

21 Nov 2019

Gap Inc edged past lowered expectations for quarterly profit on Thursday and reiterated its plan to separate Old Navy from the namesake brand, days after the retailer cut its annual forecast and replaced longtime chief executive officer.

Target sets upbeat holiday sales tone with raised forecast, shares surge

20 Nov 2019

Target Corp signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 14%. | Video

Kohl's, Home Depot forecasts quell pre-holiday cheer

19 Nov 2019

Retail heavyweights Kohl's Corp and Home Depot Inc sent a shiver through Wall Street on Tuesday, lodging weak results and annual forecasts that cast more doubt on the health of the U.S. consumer ahead of the crucial holiday shopping season. | Video

Coty takes $600 million bet on reality star Kylie Jenner's beauty brands

18 Nov 2019

Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, sending its shares up as much as 5%. | Video

J.C. Penney posts smaller loss under CEO Soltau, shares rise

15 Nov 2019

J.C. Penney Co Inc on Friday reported a smaller-than-expected quarterly loss as it sold more diamond jewelry and denim clothing, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold. | Video

Gap commits to Old Navy split; CEO exit won't impact holiday shopping season

08 Nov 2019

Gap Inc said on Friday it was sticking with plans to spin off its Old Navy brand into a separate company, as Wall Street analysts questioned its commitment to the project following the surprise exit of Chief Executive Officer Art Peck. | Video

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