The sportswear company also announced the sale of its MyFitnessPal exercise tracking platform for $345 million.
The sportswear company also announced the sale of its MyFitnessPal exercise tracking platform for $345 million.
The sportswear maker expects to incur $235 million in charges, including up to $135 million for contract termination.
The sportswear maker expects to incur $235 million in charges, including up to $135 million for contract termination.
The sportswear company's net revenue fell about 41 percent to $707.6 million in the second quarter, but beat forecasts of $558.5 million.
The sportswear company's net revenue fell about 41 percent to $707.6 million in the second quarter, but beat forecasts of $558.5 million.
The sportswear brand said the notice is in connection to a federal probe about whether it shifted sales from quarter to quarter to meet objectives.
The sportswear brand said the notice is in connection to a federal probe about whether it shifted sales from quarter to quarter to meet objectives.
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The sportswear brand reported a net loss of $589.7 million the first quarter ended March 31, compared with a profit of $22.5 million a year earlier.
The sportswear brand reported a net loss of $589.7 million the first quarter ended March 31, compared with a profit of $22.5 million a year earlier.
The sportswear brand said the coronavirus outbreak in China would have a $50 million impact on first-quarter sales.
The sportswear brand said the coronavirus outbreak in China would have a $50 million impact on first-quarter sales.
The sportswear company confirmed on Sunday that it is assisting a federal investigation into claims it had shifted sales from quarter to quarter dating back to 2017.
The sportswear company confirmed on Sunday that it is assisting a federal investigation into claims it had shifted sales from quarter to quarter dating back to 2017.
The US-based sportswear brand has partnered with Virgin Group on a new collection of spacesuits.
The US-based sportswear brand has partnered with Virgin Group on a new collection of spacesuits.
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The company said it expects a slight decline in North America revenue for fiscal 2019, compared with a prior forecast of flat revenue.
The company said it expects a slight decline in North America revenue for fiscal 2019, compared with a prior forecast of flat revenue.
Sales in international markets, including Europe and Asia, rose 12 percent and accounted for 27 percent of overall revenue.
Sales in international markets, including Europe and Asia, rose 12 percent and accounted for 27 percent of overall revenue.
The sports retailer's stock rose 3.8 percent after Citigroup raised its rating from 'neutral' to 'buy.'
The sports retailer's stock rose 3.8 percent after Citigroup raised its rating from 'neutral' to 'buy.'
Shrinking inventory by cutting underperforming products has been key to the sportswear brand's restructuring efforts.
Shrinking inventory by cutting underperforming products has been key to the sportswear brand's restructuring efforts.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.
Melissa Sperau, formerly of Shiseido, will join the US prestige cosmetics maker effective March 6.