American Eagle Outfitters Inc
American Eagle profit soars, but stock sinks as sales grow slower than expected
An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29. Stephanie Keith | Bloomberg | Getty Images American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak […]
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Dick’s Sporting Goods raises guidance, says shoppers are spending more on sneakers and athletic gear
A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance. Shares […]
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Shein’s U.S. charm offensive and IPO could hinge on NRF membership. So far, it’s been rejected
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023. Scott Olson | Getty Images Chinese-founded fast fashion behemoth Shein isn’t just working to win over lawmakers in Washington, D.C., as it gears up for a potential U.S. IPO, it’s also trying to win over the broader U.S. retail industry. It’ll […]
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Stocks making the greatest moves midday: Boeing, Norfolk Southern, Nvidia & more
Check out out the corporations earning headlines in midday investing. BlackBerry — BlackBerry shares popped more than 9% immediately after the business announced a partnership with Sophisticated Micro Equipment on robotics programs. Moderna — The vaccine maker received 6%. Reuters claimed that Moderna’s most cancers drug it is performing on with Merck confirmed promising results […]
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Shares producing the biggest moves premarket: American Eagle Outfitters, Ally Monetary, Molson Coors Beverage and much more
Check out out the companies generating headlines prior to the bell: American Eagle Outfitters — Shares popped 4% subsequent an enhance by JPMorgan to chubby from neutral. The firm cited the retailer’s merchandising initiatives and operational adjustments for the simply call. Freeport-McMoRan — Shares jumped 1.9% immediately after Financial institution of The united states upgraded […]
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American Eagle unveils strategy to grow profits, takes $94 million in impairment charges for logistics business
American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform. The company also reported holiday earnings that beat Wall Street’s expectations thanks to strong demand and lower markdowns […]
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Holiday sales climb, boosting retailer hopes that shoppers will spend during uncertain 2024
A person picks out clothing in a Lacoste store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, on Nov. 24, 2023. Vincent Alban | Reuters Holiday sales rose 3.8% year […]
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Shein's revenue is ‘a lot more’ than $30 billion annually, key retail partner says
Shoppers walks past advertisements on the opening day of fast-fashion e-commerce giant Shein, which hosted a brick-and-mortar pop up inside Forever 21 at the Ontario Mills Mall in Ontario on Oct. 19, 2023. Allen J. Schaben | Los Angeles Times | Getty Images ORLANDO, Fla. — Little is known about how much revenue Shein draws […]
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Abercrombie, American Eagle and Lululemon raise holiday sales outlooks
Combination showing store signage from Abercrombie & Fitch and Lululemon stores. Getty Images Abercrombie & Fitch, Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December. Yet, Wall Street greeted the news with varying levels of enthusiasm […]
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Nordstrom sales come up short, echoing broader retail industry pressures
Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Nordstrom on Tuesday said sales slid by nearly 7% year over year, echoing other retailers’ comments about weaker demand and budget-pressured consumers. Yet the department store operator reiterated its full-year sales outlook, […]
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