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News & Analysis

Gap Raises Fourth-Quarter Earnings Outlook on Better Sales

By division, Gap's namesake stores saw the key measure unchanged, while Old Navy enjoyed a 5 percent gain. Banana Republic posted a 3 percent decline.

News & Analysis

Gap Raises Fourth-Quarter Earnings Outlook on Better Sales

By division, Gap's namesake stores saw the key measure unchanged, while Old Navy enjoyed a 5 percent gain. Banana Republic posted a 3 percent decline.


Financial Markets

Alibaba Raises Forecast as Chinese Consumers Continue to Spend

The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.

Financial Markets

Alibaba Raises Forecast as Chinese Consumers Continue to Spend

The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.


Retail

Target Cuts Forecast as Holiday Pain Spreads to Discounters

Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”

Retail

Target Cuts Forecast as Holiday Pain Spreads to Discounters

Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”


Financial Markets

Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief

Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.

Financial Markets

Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief

Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.


Retail

Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast

The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.

Retail

Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast

The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.


Retail

Macy's to Cut More Than 10,000 Jobs and Close 68 Stores

Overall, Macy's said, the job reductions represent about 7 percent of its workforce.

Retail

Macy's to Cut More Than 10,000 Jobs and Close 68 Stores

Overall, Macy's said, the job reductions represent about 7 percent of its workforce.


Retail

Next Lowers Profit Forecast and Warns of Difficult Year Ahead

Next forecast pretax profit for the following fiscal year in a range of £680 million to £780 million, below estimates of about £784 million.

Retail

Next Lowers Profit Forecast and Warns of Difficult Year Ahead

Next forecast pretax profit for the following fiscal year in a range of £680 million to £780 million, below estimates of about £784 million.


News & Analysis

Zalando Raises Full-Year Forecast After Third-Quarter Profit

Zalando said the operating margin should be 5 percent to 6 percent in 2016 in a statement.

News & Analysis

Zalando Raises Full-Year Forecast After Third-Quarter Profit

Zalando said the operating margin should be 5 percent to 6 percent in 2016 in a statement.


Financial Markets

Lululemon 2Q Net Income Rises but Revenue Misses Estimates

Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.

Financial Markets

Lululemon 2Q Net Income Rises but Revenue Misses Estimates

Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.


Retail

Target Cuts Outlook as it Sees Fewer Customers in Stores

Target cut its profit forecast and a key sales outlook as it saw fewer customers in its stores, acknowledging it didn't push the second part of its 'Expect More, Pay Less' slogan.

Retail

Target Cuts Outlook as it Sees Fewer Customers in Stores

Target cut its profit forecast and a key sales outlook as it saw fewer customers in its stores, acknowledging it didn't push the second part of its 'Expect More, Pay Less' slogan.


Financial Markets

Michael Kors Provides Cautious Forecast After First-Quarter Beat

Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.

Financial Markets

Michael Kors Provides Cautious Forecast After First-Quarter Beat

Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.


Financial Markets

China's JD.com Revenue Meets Expectations as Slowdown Continues

JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.

Financial Markets

China's JD.com Revenue Meets Expectations as Slowdown Continues

JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.