Finance News – Retailer
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M&S’s online business should be ‘fully’ operational by end of month, CEO says
Marks & Spencer anticipates restoring complete online operations soon, which is expected to stabilize sales and help mitigate the financial impact caused by the extended disruption...
Read Full Article →M&S should be 'fully online' within four weeks, says boss
The company's rapid transition to a fully digital platform aims to mitigate the anticipated £300 million profit decline caused by the recent cybersecurity breach.
Read Full Article →Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros
Home Depot’s $4.3 billion acquisition of GMS aims to expand its market reach by strengthening relationships with contractors and enhancing its presence in the professional home imp...
Read Full Article →The thrift stores dividing Australian shoppers - podcast
As living expenses rise, an increasing number of Australians choose secondhand clothing outlets, though debate exists regarding the financial impact and ethical considerations of c...
Read Full Article →Superdrug to add 25 stores as demand for weight loss drugs soars
Superdrug’s planned addition of 25 new locations this year reflects growing consumer interest in weight management medications and beauty items, contributing to its financial resil...
Read Full Article →Clothing prices rising in US as Trump tariffs kick in, H&M boss says
Earlier modifications to trade policies have led to increased costs for importers, prompting some major apparel companies in the US to adjust their pricing strategies accordingly.
Read Full Article →H&M shares jump as it flags summer shopping pick-up, says considering tariff price hikes
Despite lower-than-anticipated second quarter sales, H&M indicated increased consumer interest for the upcoming season and mentioned potential adjustments in pricing due to changes...
Read Full Article →Co-op to stop sourcing goods from Israel, Iran and 15 other countries
The retailer’s decision to exclude products from multiple countries due to human rights concerns may impact its supply chain costs and influence consumer purchasing patterns across...
Read Full Article →'A slap in the face' - Asos bans shoppers for making too many returns
The company’s new policy targeting frequent product returns aims to reduce operational costs, although it has sparked debate over its impact on customer satisfaction and fairness.
Read Full Article →Fragrances retailer Bodycare lines up debt funding package
The health and beauty company, established over fifty years ago, is arranging new borrowing options to support its financial operations following a change in ownership three years...
Read Full Article →H&M to shed light on turnaround amid consumer confidence slump
H&M’s upcoming financial report is anticipated to reflect modest sales growth as the company aims to demonstrate progress in its recovery efforts despite ongoing weak consumer sent...
Read Full Article →‘Not an attractive place to shop’: how Poundland lost its appeal to shoppers
The budget retailer reported a pre-tax loss exceeding £51 million last year, reflecting challenges in attracting customers as increased prices and strong competition impact its mar...
Read Full Article →Lululemon cutting 150 corporate jobs as athleisure brand braces for tariff impact
Lululemon Athletica Inc. is reducing its corporate workforce by approximately 150 positions to adjust its operations in response to expected increased costs from new trade tariffs.
Read Full Article →Dunelm’s ‘market-beating’ potential hailed as shares rocket
Investors are optimistic about Dunelm’s growth prospects as the company’s expanding product range and increasing customer engagement contribute to a significant surge in its stock...
Read Full Article →Gap revived its brand identity. Here's what investors are keeping an eye on next
Gap's efforts to refresh its image have shown progress, yet financial watchers remain cautious due to ongoing tariff challenges and weaker performance from related brands like Bana...
Read Full Article →Bitcoin Treasury Firm GameStop Boosts Convertible Bond Offering to $2.25 Billion
GameStop’s decision to increase its convertible bond issuance to $2.25 billion reflects a strategic effort to enhance liquidity and support its financial operations amid recent sto...
Read Full Article →Roots reports $7.9-million Q1 loss, CEO says ‘pullback’ not seen in consumer sales
The company experienced a $7.9 million deficit in the first quarter, reflecting a slight improvement in per-share losses compared to the previous year's corresponding period.
Read Full Article →RH, slammed by tariff fears in April, is now rallying. Here’s why.
RH’s unexpected first-quarter profit and commitment to shifting furniture manufacturing away from China have positively influenced investor confidence, contributing to the company’...
Read Full Article →Shares of RH jump as luxury retailer takes steps to blunt tariff impact
RH's recent strategic actions to address increased import costs have positively influenced investor confidence, despite challenges posed by a difficult housing market and ongoing e...
Read Full Article →GameStop shares tank 20% as retailer reveals convertible debt offering, trading cards plan
The company’s decision to issue $1.75 billion in convertible notes aims to finance its bitcoin acquisition, impacting investor sentiment and contributing to a notable decline in it...
Read Full Article →M&S hackers sent abuse and ransom demand directly to CEO
The cyberattack targeting the retailer's leadership involved threats and financial demands, potentially resulting in significant monetary losses and heightened security expenses fo...
Read Full Article →Sports Direct pricing practices ‘may be breaking the law’, Which? says
The consumer group alleges that the retailer's pricing methods might be deceptive, potentially affecting shoppers' perceptions of discounts and prompting a regulatory investigation...
Read Full Article →Lower-income consumers missing out on pay rises fuels fall in sales at B&M
The retailer experienced decreased revenue and profits as consumers with limited income faced stagnant wages, leading to reduced spending amid difficult market conditions in the UK...
Read Full Article →Dollar General earnings are good news for investors — and bad news for the economy
Dollar General’s strong quarterly results have boosted its stock value, benefiting shareholders, while simultaneously raising concerns about potential negative impacts on overall e...
Read Full Article →M&S boss Machin’s pay jumped 39% to £7.1mn ahead of cyber attack
The company’s leader received a substantial salary increase to £7.1 million, reflecting strong prior performance despite anticipated reductions following the recent cybersecurity i...
Read Full Article →JD Sports: CEO’s bonus cut as FTSE 100 giant loses £1bn profit race to Next
JD Sports’ financial performance impacted executive compensation as the company reported lower profitability compared to a rival, influencing the CEO’s bonus despite an increase in...
Read Full Article →M&S: FTSE 100 share price growth helps swell CEO’s pay before cyber attack
The increase in Marks & Spencer's stock value prior to a significant cybersecurity incident contributed to the chief executive's compensation exceeding £7 million for the most rece...
Read Full Article →Watch These Gap Price Levels as Stock Plunges After Retailer Warns of Tariff Hit
Investors are closely monitoring key support and resistance points amid the stock's decline following the retailer's announcement of potential revenue impacts caused by increased i...
Read Full Article →Shoe Carnival Tops Profit Forecasts as Retailer Continues Rebranding Effort
The company reported higher-than-expected earnings this quarter, reflecting positive outcomes from its ongoing brand transformation initiatives aimed at strengthening market positi...
Read Full Article →Gap Stock Tumbles as Retailer Estimates $100M to $150M Tariff Impact
The retailer anticipates a substantial cost increase due to tariffs, which is expected to affect its financial performance and has led to a notable decline in its stock price.
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