By Reuters Published November 22, 2024 Off-price retailer Ross Stores raised its annual profit forecast on Thursday, as lower freight and supply-chain costs helped soften the impact of slowing sales at …
By Reuters Published November 20, 2024 Retailers are in for a mixed holiday season this year ahead of Black Friday and Christmas, marked by watchful consumers keeping big spending on …
By Bloomberg Published November 18, 2024 Last week’s selloff, which comes on the heels of what has been a generally successful earnings season for Corporate America, has investors bracing for …
By Bloomberg Published Aug 22, 2024 The owner of T.J. Maxx has acquired a 35% stake in Dubai-based Brands for Less for $360 million, giving the US discount retailer access …
American Exchange Group announced on Tuesday its acquisition of casual footwear brand, Island Surf Company. Financial terms of the deal were not disclosed. Island Surf Company Under the agreement, Island Surf …
By Reuters API Published Mar 11, 2024 Investors want Zara owner Inditex to follow rivals H&M and Primark in making its full list of suppliers public so they can better …
By Bloomberg Published Mar 5, 2024 Nordstrom Inc. is forecasting muted revenue and comparable sales growth this year as sluggish demand at its high-end namesake stores offsets an improving outlook …
By Bloomberg Published Nov 25, 2023 Black Friday sales show US consumers are watching their wallets and holding out for deeper discounts, which sets retailers up for a subdued holiday …
By Bloomberg Published Nov 21, 2023 Nordstrom Inc. beat Wall Street’s profit estimates on lower markdowns and better inventory management, but revenue fell short — highlighting the challenges the upscale …
Kohl’s Corp. announced on Monday that Dave Alves, president and chief operating officer, has left the department store retailer less than a year into the role. Dave Alves – Courtesy …