[ad_1] Dick’s Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth. The company’s shares jumped more than 15% in intraday trading. CEO Lauren Hobart said on an earnings call Thursday that Dick’s sales …
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[ad_1] Shares of Foot Locker fell more than 20% on Wednesday after the sneaker retailer reported a holiday-quarter loss, issued weak guidance for the current year and said it’s behind on meeting its financial goals. Given how poorly its past fiscal year went, the company is now expecting the profitability …
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[ad_1] The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in costs. Soft demand in North …
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[ad_1] Shares of Peloton plunged on Thursday after the fitness company warned investors it is still months away from growing sales or turning a profit. The retailer posted mixed results for its holiday quarter, as it lost slightly more money than Wall Street expected but beat revenue estimates. Peloton also …
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[ad_1] The leading retail lobbying group has walked back a key claim about shrink, or inventory losses from various sources, after a news investigation revealed that the analysis was incorrect. The Friday retraction from the National Retail Federation underscores just how difficult it is for the industry to accurately measure …
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[ad_1] Target hosted a free “Winter Wonderland” event in New York City to show off the holiday season’s hottest toys. It’s an example of the extra effort that retailers are putting in to motivate shoppers. Melissa Repko | CNBC NEW YORK CITY — On a recent weekend in downtown Manhattan, …
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[ad_1] A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov. 21, 2023. Saul Loeb | AFP | Getty Images There’s a dark cloud hanging over Black Friday. A slew of retailers have issued tepid, cautious …
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