Retail industry
Inditex shares sink 7% as Zara owner points to sales slowdown
Zara owner Inditex on Wednesday posted a year-on-year rise in fourth-quarter sales that met expectations, even as the retailer pointed to a slowdown in demand at the start of the year. The Spanish retailer reported revenues of 11.21 billion euros [$12.2 billion] in the three-month period, matching the 11.2 billion euros forecast by LSEG analysts and […]
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We’re booking profits in a rallying rotation play and using the cash to buy 2 others on the dip
We are making a handful of more trades Tuesday. Selling 75 shares of GE Healthcare at roughly $86 each; following the trade, Jim Cramer’s Charitable Trust will own 550 shares of GEHC, decreasing its weighting to about 1.43% from about 1.62% We are buying 50 shares of TJX at roughly $116; following the trade, the […]
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L’Oreal CEO plays down the impact of U.S. tariffs, says he’s ‘not overly concerned’
L’Oreal could avoid the worst of the tariff war with the U.S., the beauty giant’s CEO Nicolas Hieronimus, told CNBC, warning that the price impact could still hit consumers Hieronimus said he is “not overly concerned” over the impact of White House tariffs on L’Oreal, as the group produces most of its goods sold in […]
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Kohl’s shares plunge 15% as retailer gives rough outlook for the year ahead
Kohl’s posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected guidance for the year ahead. Shares of the company fell more than 15% in early trading on Tuesday. For 2025, Kohl’s expects revenue to fall 5% to 7%, compared with Wall Street estimates […]
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Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. In an interview with CNBC, Executive Chairman Ed Stack said the company’s exposure to […]
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How Facebook Marketplace is keeping young people on the platform
Meta‘s Facebook’s influence remains strong globally, but younger users are logging in less. Only 32% of U.S. teens use Facebook today, down from 71% in 2014, according to a 2024 Pew Research study. However, Facebook’s resale platform Marketplace is one reason young people are on the platform. “I only use Facebook for Marketplace,” said Mirka […]
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Gen Z’s wealth effect will shape the economy over time — here’s who will benefit
With rising incomes and a willingness to spend, Generation Z could have a profound impact on the economy and the market. The cohort’s global income levels are expected to increase from $9 trillion in 2023 to $36 trillion around 2030 and $74 trillion by 2040 — the largest of all generations, Bank of America said […]
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MTR CEO talks about adapting to Hong Kong’s ‘new normal’
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email MTR CEO Jacob Kam talks about the challenges that Hong Kong’s rail network and properties are facing, as both travel and retail slowly recover and cope with expanding competition. Source
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Costco reports mixed second-quarter earnings
Customers shop at a Costco Wholesale store on January 31, 2025 in Chicago, Illinois. Scott Olson | Getty Images Costco on Thursday reported an earnings miss, but beat expectations for revenue for the second quarter. Here’s how the wholesale company did compared with what Wall Street was expecting for the quarter ended Feb. 16, based […]
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Gap shares spike 17% as retailer blows away expectations again, showing turnaround has staying power
A shopper carries her early Black Friday purchases on Thanksgiving Day, November 28, 2024, at the Citadel Outlets shopping center in Los Angeles. Robyn Beck | AFP | Getty Images Gap on Thursday posted another quarter that blew away expectations, indicating its turnaround under CEO Richard Dickson is working better – and faster – than […]
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