Levi’s shares drop 15% after weakness in wholesale business sinks quarterly revenue
Levi’s shares drop 15% after weakness in wholesale business sinks quarterly revenue
Although denim is back in style — including the resurgence of early 2000s jorts — Levi Strauss isn’t seeing a significant bump in sales.
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H&M shares drop 13% after CEO casts doubt on June sales, margin target
H&M shares drop 13% after CEO casts doubt on June sales, margin target
The retailer cast doubt on its ability to reach its full-year margin target and predicted lackluster June sales.
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Nike posts surprise drop in sales, sending shares tanking: Slowdown ‘hard to ignore’
Nike posts surprise drop in sales, sending shares tanking: Slowdown ‘hard to ignore’
Even though Nike has outlined a plan to streamline its portfolio, analysts note that it would be some time before the sportswear company can revive demand as innovation and launches of new product …
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Walgreens could shutter over 2K stores as sales plunge amid stubborn inflation
Walgreens could shutter over 2K stores as sales plunge amid stubborn inflation
Walgreens announced it will be cutting its profit forecast for the fiscal 2024 year and closing more stores across the US in its latest attempt to deal with a “difficult operating environment…
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