Retail
Foot Locker returns to growth but weighs on Dick’s Sporting Goods as earnings miss
Since acquiring Foot Locker, Dick’s Sporting Goods sales have surged, but its profitability has taken a hit given the high costs of the brand’s turnaround.
Abercrombie shares jump 12% on earnings beat even as Iran conflict hits sales
Abercrombie & Fitch saw sales in Europe, Middle East and Africa decline by 10%, thanks in large part to the conflict in the Middle East.
Lululemon settles proxy battle with founder Chip Wilson, agrees to two board nominees
Lululemon has been battling with founder Chip Wilson since December, as he says the company has lost its strategic vision and needs a new board of directors.
Two top Walmart executives leave company under new CEO John Furner
Tom Ward, chief operating officer of Walmart’s warehouse chain Sam’s Club, is retiring, and Cedric Clark, Walmart’s EVP of U.S. store operations, is leaving.