Zales owner Signet buys online jewelry brand Blue Nile

A pedestrian walks past a Zales store in New York. Scott Eells | Bloomberg | Getty Images Signet Jewelers said Tuesday that it will acquire online jewelry retailer Blue Nile for $360 million in an all-cash deal, in a bid to appeal to younger consumers and grow its bridal business. Separately, Signet cut its financial … Read more

rising costs are squeezing retailers’ margins

Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar, the Singapore Retailers Association said.  Cost pressure is a big concern for many Singapore retailers which have not completely passed on price increases to consumers, and are currently feeling the “margin squeeze,” Ernie Koh, the association’s president told CNBC’s … Read more

Levi Strauss & Co. (LEVI) reaffirms 2022 outlook, boosts guidance

A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss & Co. on Wednesday maintained its outlook for the full year and boosted its financial targets over the next five years as the … Read more

GameStop, Salesforce, Netflix, Alphabet, Nvidia, and Other Stocks for Investors to Watch This Week

Text size Uncredited U.S. stock and bond markets will be closed Monday for Memorial Day. A handful of major companies report later this week, with the economic-data highlight being jobs Friday. HP and Salesforce . com will report on Tuesday, followed by Chewy, GameStop , and Hewlett Packard Enterprise on Wednesday. CrowdStrike Holdings , Hormel Foods , Lululemon Athletica , … Read more

Gap (GPS) reports Q1 2022 earnings

Gap Inc. on Thursday slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell more than 15% after hours. An imbalanced mix of clothing sizes, ongoing inventory delays and an uptick in price-lowering promotions put a dent … Read more

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and how … Read more

Walmart, Moderna, Target, Deere, Home Depot, and Other Stocks for Investors to Watch This Week

Text size It’s the tail end of first-quarter earnings season, with mostly retailers left to report this week. Government data on U.S. retail sales will also be released. Home Depot and Walmart report on Tuesday, followed by Target, TJX , Lowe ’s , and Bath & Body Works on Wednesday and Ross Stores on Thursday.  Non-retailer … Read more

Kohl’s shareholders vote to keep directors despite activist pressure

The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s shareholders voted to reelect the company’s current slate of 13 board directors, as the retailer faced mounting pressure from activists for an overhaul, the company announced Wednesday. The annual … Read more

PayPal Stock Is Falling. Here’s Why.

Text size PayPal’s has a new interim CFO. Justin Sullivan/Getty Images Walmart said late Tuesday it named John Rainey as its chief financial officer. Rainey currently holds the same position at PayPal Holdings, but his move isn’t the red flag analysts are watching ahead of the payment-processing company’s earnings. Rainey steps into his new role … Read more

Levi Strauss & Co. (LEVI) reports Q1 2022 earnings beat

An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Denim retailer Levi Strauss & Co. on Tuesday reported fiscal first-quarter earnings and revenue that topped analysts’ estimates as it sold more … Read more