Finance News – Retailer
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Gap shares plummet as retailer says tariffs could cost between $100 million and $150 million
Despite surpassing analysts' revenue and profit forecasts, the company anticipates that recently imposed tariffs may result in substantial additional expenses ranging from $100 mil...
Read Full Article →Ulta Beauty is warning about consumer ’uncertainty.’ It still nudged its forecast higher.
Ulta Beauty raised its projected earnings despite caution regarding unpredictable consumer spending trends influenced by ongoing tariff issues and inflation, prompting a positive r...
Read Full Article →Gap sees sales stalling, and puts a number on the extra cost of tariffs
Gap Inc. experienced a decline in stock value as the company projected stagnant sales for the current quarter and highlighted increased expenses resulting from additional import du...
Read Full Article →GameStop Slides Another 6% as Investors Sell the Bitcoin Buy News
The announcement of GameStop purchasing a substantial amount of cryptocurrency prompted a decline in its stock price as shareholders opted to reduce their holdings following the ne...
Read Full Article →Best Buy Stock Tumbles as Retailer Lowers Outlook on Tariffs Hit
The decline in Best Buy’s shares reflects investor concerns about reduced profit expectations following the company’s announcement of increased costs related to recent trade tariff...
Read Full Article →Kohl's Stock Surges as Struggling Retailer Posts Smaller-Than-Expected Loss
Kohl's experienced a notable increase in its share price following the announcement of financial results that revealed a narrower loss than analysts had anticipated this quarter.
Read Full Article →Abercrombie’s stock back in rally mode as outlook shows tariffs won’t hurt sales
Abercrombie’s shares surged significantly following strong quarterly results, driven by increased sales at Hollister and a more positive forecast indicating minimal impact from tra...
Read Full Article →Abercrombie & Fitch soars more than 15% even as retailer slashes profit outlook due to tariffs
Despite anticipating a $50 million earnings hit from tariffs and slower growth in its flagship brand, Abercrombie & Fitch's stock increased by over 15%, reflecting investor optimis...
Read Full Article →GameStop Stock Dives After Retailer Announces $512 Million Bitcoin Buy
The company’s decision to invest a substantial amount in cryptocurrency led to a notable drop in its stock value, reflecting investor uncertainty about the impact on overall busine...
Read Full Article →Abercrombie & Fitch stock soars 25% as sales beat estimates
Shares of Abercrombie & Fitch experienced a notable increase following the release of their quarterly financial report, which revealed stronger sales performance than analysts had...
Read Full Article →Why Canadian Tire bought Hudson's Bay brands: Everything you need to know about the merger of two ic...
The acquisition of Hudson's Bay brands by Canadian Tire marks a strategic expansion, combining diverse retail strengths to enhance market presence and drive long-term financial gro...
Read Full Article →Ross Stores Stock Tumbles as Retailer Pulls Outlook Amid Tariff Uncertainty
The company’s shares declined notably after it withdrew its financial forecast due to unpredictable trade policies, causing concerns among investors about future revenue and profit...
Read Full Article →M&S contractor ‘investigating whether it was gateway for cyber-attack’
The potential cybersecurity breach involving a key IT service provider could lead to significant financial losses for the retailer due to operational disruptions, reputational dama...
Read Full Article →Advance Auto Parts’ stock rockets, as tariffs didn’t change retailer’s earnings outlook
Despite increased expenses from tariffs, Advance Auto Parts expects to meet its annual profit goals, reflecting investor confidence and positively impacting the company’s market va...
Read Full Article →Nike is coming back to Amazon — and raising prices
Nike’s return to Amazon after a six-year absence is expected to influence revenue streams, as the brand introduces higher-priced products on the leading e-commerce platform.
Read Full Article →BJ’s Wholesale’s stock rises as retailer maintains guidance despite Q1 revenue and comparable sales...
Despite falling short of expected first-quarter revenue and comparable sales, BJ’s Wholesale retained its financial outlook, leading to an increase in its stock value.
Read Full Article →Will cyber-attack threaten M&S’s hard-won return to fashion relevance?
A potential cyber-attack could impact online sales, which are crucial for sustaining the recent growth and improved profitability Marks & Spencer has achieved through its fashion-o...
Read Full Article →M&S undone by old-fashioned con: how retailer’s cyber hell unfolded
The cyberattack, originating from a third-party vendor’s security breach, resulted in significant operational disruptions for the retailer, potentially leading to considerable fina...
Read Full Article →Sales at Urban Outfitters’ namesake stores make a rare gain, shrugging off tariff impact for now
Urban Outfitters experienced an uncommon increase in revenue at its main retail locations, indicating resilience despite tariffs, and plans to implement modest, selective price adj...
Read Full Article →M&S hack attack will have tech firms ringing up the profits
The recent cyberattack on a major UK retailer underscores the growing demand for cybersecurity solutions, potentially boosting revenue for technology companies specializing in digi...
Read Full Article →Target sales fall sharply in first quarter as customers worry about tariffs
Target’s first-quarter revenue declined significantly, prompting forecasts of continued downturn throughout 2025 due to reduced consumer spending driven by economic concerns and tr...
Read Full Article →Target cuts sales outlook as retailer blames tariff uncertainty and backlash to DEI rollback
Target’s latest financial results fell short of expectations, prompting the company to adjust its revenue projections and establish a dedicated team aimed at improving overall busi...
Read Full Article →M&S cyberattack to wipe out nearly one-third of annual profits
A major cyber incident causing extensive disruption to both physical and online operations is expected to significantly reduce the British retailer’s yearly earnings by close to th...
Read Full Article →Shoe Zone given a kicking as shares slump after losses revealed
Shoe Zone experienced a notable decline in its stock value following the announcement of a £2.3 million pre-tax loss for the first half of its financial year, compared to a prior p...
Read Full Article →Marks and Spencer expects £300mn profit hit from cyber attack
The recent cyber incident has caused sustained operational challenges for the UK retailer, leading to a projected financial impact estimated at around £300 million in lost earnings...
Read Full Article →Currys: Shares dip despite interest rates helping sales at retailer
Electrical retailer Currys has projected a 37 percent increase in pre-tax profit to £162 million, reflecting improved sales performance partially influenced by reduced borrowing ex...
Read Full Article →Chinese Retailer Vipshop's Stock Sinks as Q1 Sales, Active Customers Fall Short
Vipshop experienced a decline in its share value following a reported decrease in quarterly revenue and a reduction in the number of engaged shoppers during the first quarter.
Read Full Article →Home Depot CFO says retailer doesn't plan to raise prices due to tariffs
Despite missing earnings expectations and delayed customer spending on major projects, Home Depot maintained its annual financial outlook and indicated it will absorb tariff costs...
Read Full Article →Card Factory CEO takes home bumper pay rise
The chief executive of the retailer received a substantial increase in compensation, exceeding £1.5 million, reflecting the company’s strong sales performance during the most recen...
Read Full Article →After Trump rages, Walmart says it will eat ‘some’ of the tariff costs
Walmart plans to partially absorb recent tariff expenses, following a pattern seen in the previous administration, which could affect its pricing strategy and overall financial per...
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