Tag: Retail – Discretionary

Gap reported another quarter of net losses and declining sales across its four brands but the retailer insisted it’s making progress — and has managed to significantly improve its margins, which sent shares surging in extended trading.

For the past two years, sales at beauty-products and salon chain Ulta Beauty Inc. have ballooned, as the economy’s reopening from the pandemic — and the return to vacations, offices, restaurants and concerts — made presentability a bigger priority.

Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year.

E.l.f. Beauty posted quarterly results that beat Wall Street expectations and provided strong guidance, showing no sign of slowing spending among its consumers.

Ralph Lauren Corp reported a surprise rise in fourth-quarter revenue on Thursday, as affluent U.S. shoppers snapped up its pricey sweaters and suits even as overall luxury spending cooled in the region.

Chanel sales in the United States, one of the luxury label’s top three markets, have slowed to a single-digit growth rate over the past six months, it said on Thursday, adding to evidence that the post-pandemic spending splurge in the country has tapered off.

Kohl’s shares spiked early Wednesday as the struggling retailer posted a surprise profit while it chases a turnaround.

Marks & Spencer said its latest turnaround strategy was starting to deliver, enabling it to restore its dividend and forecast “modest” revenue growth and a profit outcome ahead of market expectations this year, sending its shares 13% higher.

Dick’s Sporting Goods stock rose early Tuesday morning as the company reaffirmed its outlook and beat first fiscal-quarter earnings expectations.

Lowe’s cut its full-year outlook Tuesday, as lumber prices fell and do-it-yourself customers bought fewer discretionary items.

Shares of Foot Locker Inc plunged 25% premarket on Friday, after the footwear retailer cut its annual sales and profit forecasts reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories.

Ο Όμιλος FOURLIS το πρώτο τρίμηνο του 2023 παρουσίασε πωλήσεις €116,6 εκατ. έναντι €96,3 εκατ., αυξημένες κατά 21,1% σε σχέση με το πρώτο τρίμηνο του 2022. Οι ηλεκτρονικές πωλήσεις το πρώτο τρίμηνο του 2023 ανήλθαν στα €16,3 εκατ.

Η Intracom Holdings ανακοίνωσε σήμερα ότι η θυγατρική της, Intracom Properties, απέκτησε ποσοστό 46,59% της Κ.Λ.Μ., έναντι συνολικού ποσού € 18.739.437.