TODAY'S MUST READThe surprise appointment of Savage X Fenty’s Hillary Super to the top job gives the beleaguered lingerie brand one more chance to show confused consumers what it stands for.
TODAY'S MUST READThe surprise appointment of Savage X Fenty’s Hillary Super to the top job gives the beleaguered lingerie brand one more chance to show confused consumers what it stands for.
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The company’s shares have surged 17 percent over nine days, driven by positive earnings reports and a boost from activist investor Bill Ackman’s stake, marking a potential end to the stock’s prolonged downturn.
The retailer increased its full-year sales forecast to 4.75 percent after reporting strong consumer demand for essentials, boosting shares by 7 percent in premarket trading.
US retail sales rose 1.0 percent in July, surpassing forecasts and alleviating fears of a sharp economic slowdown amid a higher unemployment rate, which may impact expectations for a substantial interest rate cut.
Tapestry Inc.’s shares surged 9.2 percent after its earnings surpassed expectations, driven by strong results and continued price increases.
Berkshire added 690,106 shares of Ulta and 1.04 million shares of Heico, according to a regulatory filing.
Alibaba Group Holding’s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.
A mid-year sales festival and aggressive price cuts helped drive more cost-sensitive consumers to the Chinese e-commerce platform.
Strategic Value Partners is set to buy Blanchardstown Centre, Ireland’s largest mall as investor interest in malls rises due to lower rents and increased consumer spending.