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…
Dollar General shares crater 25% as retailer cuts outlook, blaming ‘financially constrained’ customers
Dollar General shares tumbled Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting…
JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng
Hong Kong-listed shares of Chinese online retailer JD.com climbed 1.2% on Wednesday, outperforming the decline on the Hang Seng index…
Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds
Three of the nation’s largest retailers — Dollar General, Dollar Tree and Kroger — charge fees to customers who ask…
JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake sale
Shares of Chinese e-commerce giant JD.com plunged 10% on Wednesday in Hong Kong after U.S. retailer Walmart confirmed it will…
Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won’t hit locals’ wallets
The Olympic Games are causing a surge in prices, but French consumers aren’t likely to feel its pinch. Mega events…
JPMorgan Chase is opening more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm…
Boar’s Head recall expands to include 7 million pounds of deli meat over listeria concerns
A recall of Boar’s Head products has expanded to include a whopping 7 million additional pounds of deli and poultry…
Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays
Britain’s new Labour government will soon set out updated plans to regulate the “buy now, pay later” industry, a government…
Athletic Brewing raises $50 million as nonalcoholic wave sweeps beer making
Leading nonalcoholic brewer Athletic Brewing Company announced Tuesday it’s raised an additional $50 million in equity financing in a round…
