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Shares of Cartier owner Richemont rise after full-year results

Richemont shares climb 6% on record full-year sales, new CEO

Shoppers line up to enter a Cartier store, a unit of Cie. Financiere Richemont SA, on Canton Road in the Tsim Sha Tsui area of Hong Kong. Billy H.C. Kwok | Bloomberg | Getty Images Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after the company reported record full-year sales, even...

Home Depot revenue misses, shares slip

Home Depot (HD) Q1 2024 earnings

Home Depot on Tuesday posted quarterly revenue below Wall Street’s expectations, as shoppers postponed bigger discretionary projects like bath and kitchen remodels because of higher interest rates and made spring purchases late. Still, the home improvement retailer reaffirmed its full-year guidance, which includes an additional week from the prior year. It said it expects total...

H&M reports better-than-expected first-quarter results

H&M shares jump 14% as profit smashes expectations

HONG KONG, CHINA – 2021/08/07: Pedestrians cross the street in front of the Swedish multinational clothing design retail company Hennes & Mauritz, H&M, store in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Shares of H&M leapt 14% in early deals on Wednesday, after the Swedish...

Shein not vying to be Amazon 'clone' ahead of U.S. IPO

Shein rejects Amazon ‘clone’ talk as it prepares for U.S. listing

Chinese-founded online retail giant Shein is not positioning itself as an Amazon “clone,” the company told CNBC, as it prepares for a U.S. public listing later this year. The e-commerce company’s product categories are likely to “grow over time,” as the business entrenches itself deeper into the U.S., Peter Pernot-Day, head of strategic communications, U.K....

Urban Outfitters' Nuuly is expected to be profitable by end of 2023. Here's how the company got here

Urban Outfitters’ clothing rental service Nuuly reaches profitability

Nuuly warehouse Natalie Rice Urban Outfitters’ clothing rental service Nuuly has eked out its first profit thanks to a steady stream of new subscribers and a whopping 86% jump in revenue, hitting the benchmark before competitor Rent the Runway, which has yet to turn a profit nearly 15 years into its history.  The brand, which...

Major luxury brands deliver warnings tied to high-end spending

Burberry shares sink as luxury spending slowdown bites

Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong, China. Xaume Olleros | Bloomberg | Getty Images LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts amid...

Target CEO Brian Cornell: Shoppers are pulling back, even on groceries

Target (TGT) earnings Q3 2023

People exit a Target store in the Harlem neighborhood in Manhattan on September 28, 2023 in New York City. Spencer Platt | Getty Images Target on Wednesday topped Wall Street’s quarterly sales expectations and blew past earnings estimates, as purchases in high-frequency categories like food and beauty helped prop up weaker customer spending.  Shares of...

Flutter CEO Peter Jackson on market share wars

FanDuel parent Flutter stock falls after disappointing earnings

FanDuel parent Flutter came out swinging Thursday, insisting the online gaming platform is the market leader in sports betting in the United States after DraftKings last week boasted it had taken over the top slot. “We have a billion dollars more in revenue in the U.S., so we’re very clearly number one,” Flutter CEO Peter...

Life Time Group confirms pilot program to include GLP-1 drugs for weight loss

Life Time stock plummets as company spends more on premium fitness

A Life Time Group Holdings sign at the New York Stock Exchange on Oct. 7, 2021. Source: NYSE Life Time Group shares plummeted 15% Wednesday after the company’s third-quarter results revealed higher spending to boost the premium member experience. The cost of running its fitness centers, including new and ramping locations, rose 8.2% year over...