Finance News – Retailer
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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...
Read Full Article →Trump tells Walmart to 'eat the tariffs' after retailer warned it will raise prices
The ongoing tariffs have prompted major retailers like Walmart to consider price increases, potentially affecting consumer costs and overall market dynamics in the retail sector.
Read Full Article →Trump tells Walmart to ‘eat the tariffs’ instead of raising prices
The president urged Walmart to absorb the increased costs from new import taxes rather than passing these expenses onto consumers through higher retail prices.
Read Full Article →MEC back under Canadian ownership after 5 years of U.S. management
The transition to Canadian investors led by Tim Gu marks a strategic shift that could influence MEC’s financial direction and strengthen its position within the domestic outdoor re...
Read Full Article →Walmart's former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its...
Bill Simon, Walmart's previous U.S. CEO, believes the company has sufficient financial strength to handle increased trade duties and questions the overly negative outlook presented...
Read Full Article →Walmart says it will hike some prices due to tariffs. Here’s what may cost more
Walmart anticipates increased costs for various products, including certain fruits, floral items, and children's playthings, as tariffs impact supply expenses, potentially leading...
Read Full Article →Walmart says higher prices could hit this month due to tariffs
Walmart indicated that increased costs from tariffs, despite recent reductions, may lead to price adjustments this month as the company struggles to fully offset these financial bu...
Read Full Article →Holland & Barrett: Huge losses continue despite sales surge
Despite increased revenue from rising sales, Holland & Barrett has reported substantial pre-tax losses for the second consecutive year, indicating ongoing financial challenges for...
Read Full Article →Walmart will have to raise prices this month due Trump tariffs, executives say
Walmart anticipates increased costs from recently imposed tariffs, leading to higher product prices this month, as the company aims to maintain sales growth despite facing addition...
Read Full Article →Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earning...
Walmart's strong earnings performance contrasts with lower revenue, as the CFO indicated that costs may rise soon due to new tariff-related expenses impacting the company’s financi...
Read Full Article →Walmart warns US-China tariff deal will not avert price rises
Despite growth in first-quarter revenue, Walmart indicates that ongoing trade tensions between the US and China are likely to contribute to higher consumer costs moving forward.
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