Macy's Inc
Mattel pulls thousands of ‘Wicked’ dolls off shelves after printing adult web address on packaging
Still from the film “Wicked” Source: Universal Studios Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull its line of character dolls after a package misprint. Instead of listing the website for Universal’s “Wicked” movie, boxes featured a link to […]
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‘Two-stocks’ are better than one? Repacking ‘pair trades’
The exchange-traded fund industry is trying to make pair-trade strategies more accessible to everyday investors. Tidal Financial Group’s Michael Venuto filed last month for eight two-stock ETFs: going long one stock and short the other. “They should come out probably in about two or three months,” Venuto, the firm’s chief investment officer and co-founder, said on CNBC’s […]
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Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl’s top the list
An exterior view of the Kohl’s store at the Paxton Town Centre near Harrisburg. A customer walks with a Nike shopping bag. Paul Weaver | SOPA Images | Emily Elconin | Bloomberg | Getty Images Nike and Kohl’s may not be winning on Wall Street, but a wide set of consumers still consider them to […]
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Levi Strauss trims guidance as it weighs sale of Dockers business
Justin Sullivan | Getty Images Denim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at Levi’s brand were up 5% during its fiscal third quarter — the […]
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How Foot Locker is waging a comeback after its breakup with Nike
An employee arranges Nike basketball shoes on display at the House Of Hoops by Foot Locker retail store at the Beverly Center in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images During a recent event celebrating Foot Locker’s 50th anniversary in New York City, it was hard to imagine that the legacy sneaker […]
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In federal trial, Michael Kors says it’s harder to sell handbags in TikTok and Taylor Swift era
NEW YORK CITY — In a federal courtroom on Monday, storied fashion designer Michael Kors spoke about the steep challenge of staying relevant in a world where brands can rise and fall based on viral TikTok videos and photos of handbags on the arms of celebrities such as Taylor Swift and Beyoncé. Kors kicked off […]
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Three key questions that will shape whether Coach and Michael Kors owners will merge
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images Just a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh big questions about how […]
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How retailers and media companies are teaming up to bring live shopping to the 2024 VMAs
When viewers tune in to the 2024 MTV VMAs on Wednesday night, they’ll be able to shop the outfits and designer looks they’re seeing in real time, as legacy media companies look for new ways to monetize content. As part of a new partnership between Paramount Global — the parent company of cable TV network MTV […]
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Stocks making the biggest moves midday: Target, JD.com, Macy’s and more
Check out the companies making headlines in midday trading: Target — Shares of the retailer surged 12% on second-quarter results that surpassed Wall Street’s expectations. The company maintained its cautious outlook but said sales grew roughly 3%. JD.com — The U.S.-traded shares of the Chinese e-commerce company fell more than 5% after Walmart confirmed it […]
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TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter
TJX Companies raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street’s expectations. The discounter behind Marshalls, HomeGoods and TJ Maxx is now expecting full-year earnings to be between $4.09 and $4.13, compared with estimates of $4.14, according to LSEG. For the […]
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