Retail
Hollister partners with Target to tap into $89 billion back-to-college shopping market
Hollister’s partnership with Target comes as both companies look to capitalize on the lucrative back-to-college shopping market.
Lululemon cuts annual outlook and issues rough Q2 guidance, citing undisclosed ‘headwinds’
Lululemon is expecting its situation to get a lot worse before it gets better, as it issued weak guidance for the full year.
Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy’s has been in the midst of a turnaround under CEO Tony Spring, who has worked to close underperforming stores and reinvest in ones worth keeping open.
Ulta shares pop as beauty retailer beats Wall Street expectations and hikes earnings outlook
Ulta Beauty beat on the top and bottom lines for its fiscal first quarter on Tuesday as CEO Kecia Steelman praised the company’s strategy.
Victoria Secret shares spike 40% after big earnings beat, raised sales outlook
Victoria’s Secret has been in the midst of a turnaround under CEO Hillary Super, who said the company is winning over young shoppers across all incomes.
Retail had a ‘surprisingly robust’ first quarter, but the real test is ahead as tax refunds dry up
The retail industry saw strong first-quarter sales and profits, but high tax refunds and buy now, pay later helped mask underlying consumer weakness.
Gap shares tumble 14% as retailer cuts sales guidance after disappointing Old Navy performance
Gap issued mixed results as sales at its largest brand, Old Navy, fell short of estimates.
Costco says it saw ‘record-breaking’ gas volumes amid rising prices
Costco saw “recording-breaking volumes” of gas sales and said rising fuel prices drove first-time members to its stations.
Kohl’s stock spikes 20% as slumping retailer says sales trends are improving
Kohl’s reported its best comparable sales growth in four years on Thursday even as it saw revenue decline.
Best Buy stock climbs 15% on earnings beat as retailer aims to reinvigorate sales
Best Buy reported better-than-expected earnings on Thursday as the company works toward turning around its sales slump.