Business News Archives | Page 116 Of 162

TJ Maxx parent company posts strong holiday, but issues weaker-than-expected guidance

North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign. Jeff Greenberg | Getty Images TJX Companies posted a better-than-expected holiday quarter driven entirely by customer transactions, indicating the off-price giant is still taking market share from department stores and other discounters as price-conscious consumers hunt for deals. The […]

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GM raises quarterly dividend, initiates billion stock buyback

GM raises quarterly dividend, initiates $6 billion stock buyback

Business News

DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits. GM announced Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival Ford Motor.

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Lowe’s beats Wall Street expectations as it starts to break out of sales slump

Business News

A Lowe’s store stands in Brooklyn on February 27, 2024 in New York City. Spencer Platt | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Wednesday and said its sales could see modest growth in the year ahead. The company said it expects full-year total sales sales to range from $83.5 billion to $84.5

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Target strikes deal with sportswear brand Champion, as it tries to rev up apparel sales

Business News

Target will soon have another brand to dangle as the discounter tries to convince more shoppers to buy clothing and other discretionary merchandise — Champion. On Wednesday, the cheap chic retailer announced that it’s struck a multi-year deal with the sportswear brand long associated with hoodies and sweatpants. Authentic Brands Group bought Champion from HanesBrands

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Lucid CEO steps down; EV maker plans to more than double production in 2025

Business News

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units.

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How digitally native companies like Rothy’s are growing profitably in a new era for retail

Business News

Direct-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO. Ming took the helm of the flats maker from co-founder Stephen Hawthornthwaite in January 2024. Under her direction, the company grew sales 17% to $211 million

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Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access

Business News

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Eli Lilly on Tuesday released higher doses of its weight loss drug Zepbound in single-dose vials at as much as half its usual monthly list price to reach more patients without

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Home Depot will report earnings before the bell. Here’s what to expect

Business News

A Home Depot store in Louisville, Kentucky, on Aug. 14, 2023. Jon Cherry | Bloomberg | Getty Images Home Depot will report its fiscal fourth-quarter earnings on Tuesday, as higher interest rates and home prices challenge the housing market and dampen demand for do-it-yourself projects. The company is expected to release results around 6 a.m.

Home Depot will report earnings before the bell. Here’s what to expect Read More »

Jamie Dimon calls U.S. government ‘inefficient’ and says Elon Musk’s DOGE effort ‘needs to be done’

Business News

JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau. Dimon was asked by CNBC’s Leslie Picker whether he supported efforts by Elon Musk’s Department of Government

Jamie Dimon calls U.S. government ‘inefficient’ and says Elon Musk’s DOGE effort ‘needs to be done’ Read More »

Starbucks to lay off 1,100 corporate workers as sales sag

Business News

Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty Images Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO, Brian Niccol, said Monday. The cuts will not affect workers at the

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TJ Maxx parent company posts strong holiday, but issues weaker-than-expected guidance

GM raises quarterly dividend, initiates $6 billion stock buyback

Lowe’s beats Wall Street expectations as it starts to break out of sales slump

Target strikes deal with sportswear brand Champion, as it tries to rev up apparel sales

Lucid CEO steps down; EV maker plans to more than double production in 2025

How digitally native companies like Rothy’s are growing profitably in a new era for retail

Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access

Home Depot will report earnings before the bell. Here’s what to expect

Jamie Dimon calls U.S. government ‘inefficient’ and says Elon Musk’s DOGE effort ‘needs to be done’

Starbucks to lay off 1,100 corporate workers as sales sag

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