Foot Locker Inc
Foot Locker shares plunge more than 30% as it slashes guidance and blames ‘consumer softness’
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Foot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before shelling out for footwear and […]
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Shares of Abercrombie & Fitch soar 15%, as retailer blows past Wall Street’s expectations
An Abercrombie & Fitch store in San Francisco. Getty Images Shares of Abercrombie & Fitch soared in premarket trading, after the retailer crushed Wall Street’s earnings and sales expectations for the quarter and raised its forecast for the year. Here’s how the retailer did in the fiscal second quarter ended July 29 compared with what […]
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Inventory futures are minor changed as traders seem in advance to future batch of company earnings: Stay updates
Traders function on the flooring of the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Stock futures are in close proximity to flat Tuesday evening as traders awaited on the newest crop of corporate earnings stories from effectively-identified names which include Nvidia. Dow Jones Industrial Regular futures additional 22 points, or .1%. […]
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Here’s a rapid-fire update on all 36 stocks in the Club’s portfolio, including 2 recent buys
During the Investing Club’s August Monthly Meeting, Jim Cramer provided his latest thinking on all 36 names in his Charitable Trust. Source
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Retailers say organized theft is biting into profits, but internal issues may really be to blame
This is part two of a three-part series on organized retail crime. The stories will examine the claims retailers make about how theft is impacting their business and the actions companies and policymakers are taking in response to the issue. Read the first story here and stay tuned for part three. Plastic bags hang on […]
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Companies say organized retail crime is on the rise, but there’s no data to prove it
This is part one of a three-part series on organized retail crime. The stories will examine the claims retailers make about how theft is affecting their business and the actions companies and policymakers are taking in response to the issue. Be sure to check out parts two and three later this week. Anti-theft locked merchandise […]
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Student loan relief is gone for millions of Americans — here’s what it means for retailers
A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado. Brent Lewis | Denver Post | Getty Images By striking down student debt forgiveness Friday, the U.S. Supreme Court not only added a hefty expense back into millions of Americans’ budgets. It also created the latest challenge for retailers already […]
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CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio
It’s not unusual for a company’s stock price to soar — or sink — on news of a CEO shakeup. When Mary Dillon, revered on Wall Street for her eight-year run at Ulta Beauty (ULTA), was named to the top job at Foot Locker (FL) last year, the shoe retailer’s stock jumped 20% in a […]
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Cramer: This is my sport strategy for the 7 days in advance just after Friday’s surprise rally
What the heck definitely did materialize on Friday, when the Dow jumped 700 points on a potent employment looking at ? Why these kinds of a viscerally positive reaction to an employment variety that was hotter than expected? Was it mainly because wages did not spike? Was it all that excellent — a Goldilocks report? […]
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Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
Lululemon reported earnings that beat Wall Street’s estimates on the top and bottom lines Thursday and raised its full-year guidance, bolstered by improvements in China and freight costs. Shares of the company surged more than 12% in extended trading. Here’s how the retailer did in its fiscal first quarter compared with what Wall Street was […]
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