Gap beats earnings and revenue estimates, hikes profit margin outlook as results are posted early
Gap raised its full-year profit outlook on Thursday after seeing better-than-expected results at its largest brand, Old Navy. The apparel…
Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
A former diversity manager at Facebook and Nike was sentenced to five years and three months in prison for stealing…
Superdry shares soar more than 100% as company considers going private
LONDON — Superdry shares soared more than 100% on Friday, as the embattled British fashion retailer confirmed that co-founder and…
LVMH shares jump over 12% as earnings point to luxury sector resilience
LVMH shares jumped more than 12% on Friday morning, after the world’s largest luxury group posted higher-than-expected sales for 2023…
Adidas shares climb after boost from Yeezy sales, guidance raise
Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory. The…
Consumers starting to buckle for first time in a decade, former Walmart U.S. CEO Bill Simon warns
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week,…
