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Lululemon cuts forecasts, blames tariffs & product issues

Lululemon Athletica has cut its annual profit forecast for the second quarter in a row, blaming weak US business and product issues, as well as tariff costs.

Business • 05 Sep

Walmart hikes forecast as low price focus draws shoppers

Walmart has today raised its fiscal year sales and profit forecast, driven by strong demand from shoppers across all income levels, who have turned to the world's largest retailer as they worry about rising costs.

Business • 21 Aug

Target executives did not say whether they would raise prices due to tariffs when asked about that on a call with reporters, stating only that it continuously adjusts pricing

Target cuts annual forecasts as tariff pressure mounts

Target has cut its annual sales forecast today after posting a sharp fall in quarterly same-store sales, attributing the declines to weakened consumer confidence and a pullback in discretionary spending due to US President Donald Trump's tariff war.

Business • 21 May

Home Depot said it will not raise prices because of US tariffs

Home Depot beats sales estimates on stable demand

Home Depot has beaten Wall Street estimates for first-quarter sales as the world's largest home improvement retailer enjoyed resilient demand from professional contractors and small-scale repair works by existing homeowners.

Business • 20 May

Walmart became the latest US company to avoid giving second-quarter profit guidance today due to the uncertainty around Donald Trump's tariffs

Walmart warns of higher prices due to tariffs

Walmart will have to start raising prices later this month due to the high cost of tariffs, its executives said today, despite the retailing giant's US comparable sales surpassing expectations in the first quarter.

Business • 15 May

Under Armour has been attempting to reverse revenue declines it suffered in the last two years

Under Armour beats quarterly sales estimates

Under Armour has today posted a smaller-than-expected drop in fourth-quarter revenue, helped by the sportswear maker's turnaround efforts.

Business • 13 May

Walgreens Boots Alliance's fortunes collapsed as drug margins fell and as consumers turned to cheaper rivals such as Amazon and Walmart to fill their prescriptions and buy toiletries

Walgreens to be taken private in $10 billion deal

Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the firms have said, closing out nearly a century of trading on public markets for the US pharmacy giant.

Business • 07 Mar

Shares of Ohio-based Abercrombie & Fitch are up nearly 90% so far this year

Abercrombie & Fitch lifts annual sales forecast

Abercrombie & Fitch has today raised its forecast for annual sales after reporting second-quarter revenue above market expectations,powered by steady demand for fresh styles and on-trend apparel at its namesake label.

Business • 28 Aug 24

US retail giant Macy's has today raised its profit forecast for the year

Macy's lifts annual profit forecast amid new CEO's revamp

Macy's has today raised its profit forecast for the year, as its new CEO's turnaround plan helped to shield the department store chain from falling sales due to a cautious consumer.

Business • 21 May 24

Foot traffic at Home Depot ticked down in the fourth quarter

Home Depot forecasts weak 2024 results

Home Depot has today forecast full-year results below analysts' estimates, signaling that lackluster demand would continue to affect the company this year as people tighten spending on home remodeling amid sticky inflation.

Business • 20 Feb 24

Macy's shares are down nearly 16% this year

Macy's investors mount $5.8 billion buyout bid

An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy's private, according to a person familiar with the matter on Sunday.

Business • 11 Dec 23

Foot Locker also said today it would pause its quarterly dividend payouts beyond October

Foot Locker plummets, drags peers, on forecast cut

Shares of Foot Locker sank about 35% today, and dragged down those of its rivals, after the retailer lowered its annual forecasts as it reels from weaker consumer demand in the face of still-high inflation.

Business • 23 Aug 23

Target said it benefitted from fewer discounts and better stocked store shelves in the second quarter of 2023

Target sees profit boost on fewer discounts

Target has today cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates, benefiting from fewer discounts and better stocked store shelves.

Business • 16 Aug 23

Abercrombie & Fitch said its net sales rose about 3% to $836m in the quarter ended April 29

Abercrombie & Fitch shares soar on surprise profit

Abercrombie & Fitch today reported a surprise quarterly profit and raised its annual sales forecast, as the clothing retailer bets on its efforts to stock shelves with in-demand products, sending its shares up 18%.

Business • 24 May 23

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