A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Tuesday beat Wall Street’s quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company’s namesake department […]
Walmart Supercenter in Burbank onThursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a nonprofit that funded programs for minorities. The nation’s largest employer, which has about 1.6
Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website Read More »
Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Shares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25% tariff on Mexican imports once he’s inaugurated. Constellation imports all
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023. Mario Tama | Getty Images Amgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a year in a critical mid-stage trial, as the company races
Amgen says obesity drug caused up to 20% weight loss after a year, but shares drop 10% Read More »
A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019. Jorge Duenes | REUTERS DETROIT – Shares of automakers General Motors and Stellantis fell Tuesday morning after President-elect Donald Trump threatened to put 25%
Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada Read More »
A Delta Air Lines cabin. Leslie Josephs/CNBC A Senate subcommittee on Tuesday slammed U.S. airlines large and small over fees to pick seats on flights. Between 2018 and 2023 American, Delta, United, Spirit and Frontier brought in $12.4 billion in seating fees, including for seats with extra legroom as well as those in “preferred” locations
Senate report slams airlines for raking in billions in seat fees Read More »
A Best Buy store in Woodbridge, Virginia, on May 21, 2024. Nathan Howard | Bloomberg | Getty Images Best Buy on Tuesday cut its full-year sales forecast as it missed Wall Street’s quarterly revenue expectations and a fresh batch of iPhones and AI-enabled laptops weren’t enough to drive higher sales. The consumer electronics retailer said
Best Buy cuts full-year sales forecast due to softer demand for consumer electronics Read More »
An Abercrombie & Fitch store stands in midtown Manhattan on October 24, 2024 in New York City. Spencer Platt | Getty Images Abercrombie & Fitch isn’t giving up its crown any time soon. The apparel company issued strong holiday guidance on Tuesday after posting its sixth straight quarter of double-digit sales growth and another quarter
Abercrombie expects a strong holiday quarter as growth run continues Read More »
The Dick’s Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Justin Sullivan | Getty Images Dick’s Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an “excellent” back-to-school shopping season and better-than-expected comparable sales for its third quarter. The
Dick’s Sporting Goods posts robust holiday guidance Read More »
Incoming Kohl’s CEO Ashley Buchanan and current CEO Tom Kingsbury. Courtesy: Michael’s | Kohl’s Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and
