Walmart Inc. has asked some Chinese suppliers for major price reductions, with the US retail giant’s efforts to shift the burden of President Donald Trump’s …
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Cuts
Chanel Cuts 70 US Jobs Warning of Challenging Luxury Environment
Chanel Inc. is cutting 70 roles in the US as the luxury fashion and beauty label warned it faces a more difficult economic environment. The …
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market
Associated British Foods Plc cut guidance for sales growth at its Primark discount fashion retailer, blaming weak UK consumer sentiment. The British conglomerate, which also …
Best Suit Cuts for Oval Body Shape Men – Complete Style Guide
Finding the perfect suit cut for an oval body shape often proves challenging when aiming to project executive presence and sophistication. Traditional suit cuts frequently …
Estée Lauder Withdraws Guidance, Cuts Dividends on China Uncertainties and New CEO
Estée Lauder Cos. pulled its guidance for the year, citing uncertainty over a new chief executive and weak demand in China. The New York-based company …
Bytedance’s TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
Social media platform TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said …
Patagonia Cuts 41 Jobs Amid Major Restructuring
Sustainability-focused outerwear brand Patagonia is cutting 41 jobs as part of a major restructuring — the company’s second round of job cuts this year. In …
Revlon’s Arden Deal Boosts Debt Now, Cuts Costs Later
NEW YORK, United States — When Revlon Inc. announced that it was buying Elizabeth Arden Inc. for about $419 million last month, it said the combined …
Fed Cuts Rates by Half Point in Decisive Bid to Defend Economy
The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, in an aggressive start to a policy shift aimed at bolstering …
Ulta Beauty Cuts Sales Outlook on Slowing Consumer Demand
Ulta Beauty Inc. trimmed its sales forecast as more US consumers cut back on makeup and cosmetics in the face of higher prices and elevated …
Lululemon Cuts Annual Forecasts on Tepid Us Demand, Rising Competition
Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings …
LVMH’s Sephora Cuts Around 10% of Staff in China as Woes Deepen
Cosmetics retailer Sephora is cutting hundreds of staff in China, according to people familiar with the matter, as one of LVMH’s biggest brands tries to …
Converse Cuts Jobs as Part of Parent Nike’s Cost-Savings Plan
Converse is cutting some jobs as parent company Nike Inc. trims its staff across divisions in search of cost savings. Nike is undergoing a $2 …
Peloton CEO to Step Down as Company Cuts 15% of Jobs
Peloton Interactive Inc. shares fell to a record low after chief executive officer Barry McCarthy announced plans to step down and the struggling fitness company …
Nike Says Job Cuts at Oregon Headquarters to Total More Than 700
Nike Inc. will have eliminated about 740 jobs at its headquarters by late June as part of its multiyear cost-cutting plan. In a filing with …
UK’s creative industries bring in more revenue than cars, oil and gas – so why is arts education facing cuts?
Recent guidance issued by the education secretary, Gillian Keegan, to the Office for Students reveals conflicting priorities in government and pours fuel on fires burning …
Canada Goose Cuts 17% of Roles as Consumer Pullback Persists
Canada Goose Holdings Inc. is cutting 17 percent of its global corporate workforce as it attempts to support long-term growth amid a slowdown in sales. …
De Beers Cuts Diamond Prices to Revive Sales
De Beers made one of the steepest cuts to its diamond prices in years, as the world’s top producer tries to revive gem sales after …
Walgreens Profit Beats Wall Street as Sales Rise Amid Cost Cuts
Walgreens Boots Alliance Inc. reported fiscal first-quarter earnings and sales ahead of Wall Street expectations as its new chief executive slashed the troubled drugstore chain’s …
Used Rolex Prices Seen Benefiting From Rate Cuts
Prices for second-hand luxury watches from brands including Rolex, Patek Philippe and Audemars Piguet tumbled as the US Federal Reserve raised interest rates to cool …