Target Corp said on Tuesday it expects profit margins to stabilize in the year ahead even as they are pressured by investments in store and online operations, sending its shares down more 4 percent in afternoon trading.
The retailer forecast broadly lower-than-expected full-year profit on Friday as the department store operator grapples with weak demand for its clothes and fierce online competition, sending its stock down 10 percent.
Gap’s dependence on its low-end Old Navy line lessened in the holiday quarter as the apparel retailer managed to better its sales of other brands, helping the company’s same-store sales blow past Wall Street estimates.
The social media-fueled Grab Your Wallet campaign from 2017 is back with consumers now calling for the boycott of retailers affiliated with the NRA. Apple and Amazon are being targeted for streaming NRA TV.
Macy’s Inc on Tuesday reported higher-than-expected same-store sales growth for the fourth quarter and forecast a possible return to annual comparable sales growth in 2018, sending shares higher in pre-market trading.
Indonesian designer Vivi Zubedi made her New York solo runway show debut Sunday, wowing the crowd with her abaya-only collection as she hopes to capitalize on the growing market for modest, Muslim fashions.
The footwear brand is building on its momentum and recent entry into the European market with the announcement that it is creating two new business entities to operate more deeply across Europe as well as in China.
George Feldenkreis, founder of Perry Ellis International Inc, has reportedly made a bid to purchase the American apparel firm, after being ousted from his role of executive chairman, the Wall Street Journal reported.