Gap (GPS) Reports Second Quarter Fiscal 2022 Results

An employee hands a shopping bag to a customer at an Old Navy store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap inc. Thursday withdrew its financial outlook for the year after posting a net loss in the fiscal second quarter and its Old Navy chain continued to struggle with the … Read more

Gap (GPS) Reports Second Quarter Fiscal 2022 Results

An employee hands a shopping bag to a customer at an Old Navy store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap inc. Thursday withdrew its financial outlook for the year after posting a net loss in the fiscal second quarter and its Old Navy chain continued to struggle with the … Read more

Here’s how Peloton CEO Barry McCarthy’s turnaround plan is unfolding

Barry McCarthy speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Platoon investors are fleeing after the company’s discouraging fourth quarter. But CEO Barry McCarthy is trying to convince them to stay for what he says is a comeback story. Shares … Read more

Peloton (PTON) announces increased losses in the fourth quarter of 2022

A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Platoon On Thursday, it reported mounting losses and a slump in sales in its fourth fiscal quarter as the maker of connected fitness equipment tried to win back investors with cost cuts and strategic changes. … Read more

Peloton will sell fitness equipment and clothing on Amazon

A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., Wednesday, February 3, 2021. Adam Glanzman | Bloomberg | Getty Images Platoon has entered into a partnership with Amazon in a bid to expand its customer base and regain investor confidence, as revenue growth slows from pandemic highs … Read more

Macy’s (M) Reports Second Quarter Fiscal 2022 Results

Macy’s On Tuesday, he cut his full-year forecast, saying he expected consumer spending on discretionary items like clothing to deteriorate, which would force the department store chain to use heavy markdowns to pull the items off the shelves. shelves. The warning comes even as the retailer reported second-quarter profit and revenue which exceeded analysts’ expectations. … Read more

Kohl’s (KSS) Reports Second Quarter 2022 Results

Kohls Thursday again cut its financial forecast for the year, saying its middle-income customers have been particularly pressured by higher inflation, which has dampened sales of clothing, shoes and other discretionary items. The retailer said shoppers were visiting stores less, spending less money per transaction and opting more for Kohl’s less expensive private labels. Chief … Read more

Why Are Walmart Stocks Rising? The retailer exceeds its estimates and increases its forecast.

Text size Walmart posted second-quarter adjusted earnings of $1.77 per share. Justin Sullivan/Getty Images walmart it is sales rose and earnings beat estimates in the second quarter, pushing shares of the retail giant higher. Tuesday, walmart (ticker: WMT) posted adjusted earnings of $1.77 per share, beating analyst estimates of $1.63, according to FactSet. Sales of … Read more

Dow opens higher as Walmart and Home Depot beat forecasts

Text size US housing starts in July fell more than expected and to the lowest level since the start of 2021. (Spencer Platt/Getty Images) Shares were mixed at the open on Tuesday after earnings from walmart and Home deposit beat Wall Street forecasts, but a decline in housing starts provided further evidence of a slowing … Read more