US Economy Unexpectedly Loses Jobs in February; Unemployment Rate Rises to 4.4%
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
business-slowdown
Financial Markets
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
News & Analysis
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
Financial Markets
Aeropostale Reports 1Q Loss
Aeropostale has reported a loss of $58.4 million in its fiscal first quarter.
Aeropostale Reports 1Q Loss
Aeropostale has reported a loss of $58.4 million in its fiscal first quarter.
Retail
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
Technology
Germany's Rocket Internet Falls Back To Earth
After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.
Germany's Rocket Internet Falls Back To Earth
After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.
News & Analysis
Nike Shares Drop After Orders Spark Concerns About Slowdown
Nike tumbled as much as 7.4 percent in late trading after its sales and orders missed estimates, renewing concerns that competitors will hamstring growth at the world’s largest sports brand.
Nike Shares Drop After Orders Spark Concerns About Slowdown
Nike tumbled as much as 7.4 percent in late trading after its sales and orders missed estimates, renewing concerns that competitors will hamstring growth at the world’s largest sports brand.
Financial Markets
JD.com Loses Lustre as Hedge Funds Backpedal Amid Slowing Growth
The US-traded stock has plunged 37 percent this year, wiping out almost $17 billion in market value.
JD.com Loses Lustre as Hedge Funds Backpedal Amid Slowing Growth
The US-traded stock has plunged 37 percent this year, wiping out almost $17 billion in market value.
Financial Markets
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
China
Short Interest in JD.com Rises to Record as Stock Slumps
Investors are more bearish than ever on JD.com, even after the Chinese online retailer tumbled 37 percent this year amid flagging sales growth.
Short Interest in JD.com Rises to Record as Stock Slumps
Investors are more bearish than ever on JD.com, even after the Chinese online retailer tumbled 37 percent this year amid flagging sales growth.
News & Analysis
Neiman Marcus' Same-Store Sales Fall Amid Apparel Slowdown
US luxury fashion retailer Neiman Marcus Group Ltd reported its third straight quarterly drop in sales at established stores and a nearly 81 percent fall in profit amid a slowdown in apparel spending.
Neiman Marcus' Same-Store Sales Fall Amid Apparel Slowdown
US luxury fashion retailer Neiman Marcus Group Ltd reported its third straight quarterly drop in sales at established stores and a nearly 81 percent fall in profit amid a slowdown in apparel spending.
News & Analysis
Urban Outfitters Declines After Warning of Sales Slide
Urban Outfitters Inc. suffered its worst stock decline in almost seven months after warning of a sales decrease this quarter, renewing concerns about a slowdown at the retail chain.
Urban Outfitters Declines After Warning of Sales Slide
Urban Outfitters Inc. suffered its worst stock decline in almost seven months after warning of a sales decrease this quarter, renewing concerns about a slowdown at the retail chain.
Financial Markets
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
The News in Brief
Asics Buys Marathon Registration Platforms to Boost Running-Shoe Sales
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
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.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
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.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.