Uniqlo owner’s shares slump after Q1 net profit falls 9.1%
[ad_1] Fast Retailing Co. shares 9983, -7.53% fell sharply Friday morning after its first-quarter net profit dropped 9.1% from a year earlier due to higher costs and weaker sales in…
JD Sports Fashion sees 2023 profit at the higher end of expectations after stronger Christmas sales
[ad_1] JD Sports Fashion PLC said Wednesday that it expects to report fiscal 2023 adjusted pretax profit toward the top end of market expectations after it booked a strong performance…
Stitch Fix plans more layoffs amid CEO shakeup
[ad_1] Stitch Fix Inc. will conduct additional layoffs and shake up its leadership as the personal-styling company comes off a dismal year for its stock. Founder Katrina Lake said in…
Funko brings back former CEO, drops CFO after massive decline for stock on holiday forecast
[ad_1] Funko Inc. is putting its longtime chief executive back in charge of the business and looking for new executives to join him after a disappointing holiday forecast chopped the…
Mulberry shares fall after luxury group swings to loss
[ad_1] Shares of Mulberry Group PLC fell 21% on Wednesday after the company reported a swing to pretax loss for the first half of the fiscal year and said that…
Nordstrom stock drops after retailer swings to loss and sales miss the mark
[ad_1] Shares of Nordstrom Inc. dropped more than 3% in after-hours trading Tuesday after the retailer swung to a surprise quarterly loss and joined other stores in reporting lower sales,…
Macy’s, Nordstrom lower outlooks as consumer spending expected to slow
[ad_1] Macy’s Inc. and Nordstrom Inc. became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending. Macy’s M, +4.00%, the biggest U.S.…
Nordstrom CFO Anne Bramman to leave company
[ad_1] Nordstrom Inc. JWN, +6.13% said Chief Financial Officer Anne Bramman is leaving the company Dec. 2. Bramman has served as Nordstrom’s finance chief since June 2017. She will remain…
Stitch Fix slides after bigger-than-expected loss, weaker outlook, drop in active clients
[ad_1] Stitch Fix on Tuesday reported fiscal fourth-quarter results that missed expectations amid a decrease in customers, and forecast further sales declines in the first quarter, sending shares lower in…
Profit and sales climb at Spanish retail giant Inditex
[ad_1] Industria de Diseno Textil SA, the owner of Zara known as Inditex, posted higher profit and sales for the first half, after positive online sales in the second quarter…