Sinenkiy | Istock | Getty Images In the wake of 9/11 on an American military base in South Korea, then-Army Staff Sergeant Dave Yeager sat down at a slot machine operated by the Defense Department and made what he now calls the biggest mistake a budding problem gambler can make: He won. “All that stress, […]
Concerns grow over gambling addiction in the military Read More »
John Donahoe, attends the first day of the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Nike CEO John Donahoe appears to be on thin ice. The former top executive of eBay, who has been at the helm of Nike since January 2020, is starting to lose
Nike CEO John Donahoe comes under fire from Wall Street after lackluster performance Read More »
Shoppers are seen at the parking lot of a Tractor Supply Co. store near Bloomsburg. Paul Weaver | SOPA Images | Lightrocket | Getty Images Tractor Supply, a retail chain that sells home improvement equipment, livestock and agricultural supplies for farmers and pet owners, is eliminating diversity, equity and inclusion roles; withdrawing carbon emission goals;
Nike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of “challenges” that led it to cut its current year outlook. “We are driving better balance across our portfolio. While we are encouraged by our progress, our fourth quarter results highlighted challenges that have
Nike warns of guidance cut as it posts slowest annual sales gain in 14 years Read More »
Denim is having a moment with consumers, but it hasn’t led to a major sales boost at Levi Strauss. The jeans creator on Wednesday posted fiscal second quarter revenue that fell just short of Wall Street’s expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts and ultra-low-rise baggy pants. Levi’s
Levi’s shares drop 15% as denim maker’s sales disappoint Read More »
A pedestrian walks by a parked FedEx delivery truck on March 21, 2024 in San Francisco, California. Justin Sullivan | Getty Images FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue. Here’s how the company did in its fiscal fourth quarter
FedEx shares jump after hours as massive cost-cutting measures kick in Read More »
Shein sign during its opening, at ABC Serrano, on 26 April, 2024 in Madrid, Spain. Alejandro Martinez Velez | Europa Press | Getty Images Fast fashion giant Shein has confidentially filed for a public listing in London, a person familiar with the matter told CNBC. It marks another twist in the company’s so-far long road
Fast fashion retailer Shein confidentially files for London IPO Read More »
A Forever 21 store is pictured in London on Sept. 30, 2019. Alberto Pezzali | NurPhoto | Getty Images Forever 21 is asking landlords for a break on rent as the legacy fast-fashion player’s sales decline and it struggles to keep up with savvier competitors, CNBC has learned. The retailer, which has more than 380
Forever 21 seeks rent concessions as fast-fashion brand faces financial woes Read More »
The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop. Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce company Shein’s hopes of going public in the United States are growing slimmer by the day, according to experts, as rising tensions between Beijing and
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While Darden itself hasn’t benefited from the shift, its competitors, like Chili’s owner Brinker International and
Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says Read More »
