Retail

Home Depot Misses Revenue Estimates, Cuts 2019 Outlook

Retail0 Comments Shares of Home Depot, Inc. (NYSE: HD) are down about 5% on Tuesday after the company cut its 2019 forecast and reported same-store sales that fell short of estimates. Home Depot also posted revenue that missed analysts’ targets....

Coty Buys Majority Stake in Kylie Cosmetics

Retail0 Comments Shares of beauty giant Coty Inc. (NYSE: COTY) are up about 2% on Monday after the company announced it will take a majority stake in Kylie Cosmetics. The deal, expected to close in the third quarter of fiscal 2020, gives Coty a...

Tyson Shares Jump Despite Earnings and Revenue Miss

Retail0 Comments Shares of Tyson Foods, Inc. (NYSE: TSN) are up over 6% on Tuesday, even after the meat producer reported fourth quarter earnings and sales that fell short of estimates. Tyson said net sales increased 8.8% to USD 10.88 Billion....

Coty Outpaces First Quarter Earnings Estimates

Retail0 Comments Global beauty brand Coty Inc. (NYSE: COTY) came out with first quarter earnings that exceeded Wall Street’s expectations on Wednesday, sending its share price up more than 13%. The parent of cosmetics companies like Rimmel and...

Altria Cuts Value of Juul Stake by USD 4.5 Billion

Retail0 Comments Tobacco giant Altria Group, Inc. (NYSE: MO) on Thursday said it took a USD 4.5 Billion hit from its investment in electronic cigarette maker Juul Labs Inc. amid proposed U.S. bans on e-cigarette flavors and regulatory crackdowns...

J&J Says 15 Tests Indicate No Asbestos in Baby Powder

Retail0 Comments Shares of Johnson & Johnson (NYSE: JNJ) opened more than 3% higher on Wednesday after the company reported that 15 new tests from the same bottle of Johnson’s Baby Powder previously tested by the U.S. Food and Drug...

Lululemon Workers Claim Abuse in Bangladeshi Factory

Retail0 Comments Lululemon Athletica, Inc. (NASDAQ: LULU) is investigating reports that its female workers at a factory in Bangladesh are being beaten, verbally abused and forced to work overtime. According to a report by The Guardian, workers...

Bed Bath and Beyond Names Mark Tritton as President and CEO

Retail0 Comments Shares of Bed Bath and Beyond, Inc. (NASDAQ: BBBY) soared as much as 23% in after-hours trading on Wednesday after the Company announced Mark Tritton will become its new President and CEO, succeeding interim CEO Mary A. Winston....

Walmart to Test New Healthcare Services for Workers

Retail0 Comments In an effort to curb healthcare spending, Walmart Inc. (NYSE: WMT) said it is rolling out a pilot program for its U.S. employees beginning January 1. “From choosing a doctor and trying to get in for an appointment, to...

Stitch Fix Stock Sinks on Weak Outlook

Retail0 Comments Shares of Stitch Fix, Inc. (NASDAQ: SFIX) are down about 12% on Wednesday after the Company surpassed fourth quarter earnings expectations, but provided a softer-than-expected first quarter forecast. The online styling service...

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