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 …
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Cuts
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 …
Etsy Shares Dive After E-Commerce Company Cuts Workforce
Shares of Etsy Inc dropped on Wednesday after the e-commerce platform announced it would slash 11 percent of its workforce as it seeks to cut …
Amazon Targets Shein With Big Fee Cuts for Cheap Apparel Sellers
Amazon.com Inc. is sharply cutting fees for merchants selling clothing priced below $20, a sign it’s hunkering down for a price war with Chinese fast-fashion …
Coach Handbag Maker Tapestry Cuts 2024 Sales View on Slowing Demand
Tapestry, which agreed to buy rival Capri in August, cut its annual sales forecast and missed the estimates for first quarter on Thursday, taking a …
Under Armour Cuts Revenue Forecast on North America Concerns
Under Armour Inc. cut its full-year revenue forecast, citing weaker demand in its home market of North America in the second half of the fiscal …
Canada Goose Cuts Sales Forecast on Rocky China Recovery, Appoints New CFO
Canada Goose Holdings cut its annual sales forecast on Wednesday, in a sign that a sharp rebound in China was starting to falter and sales …
Shopify Cuts Jobs Again, Sells Most of Logistics Business to Flexport
Shopify Inc. shares surged after the Canadian e-commerce company cut jobs for the second time in 10 months and agreed to sell the majority of …
Gap Says Latest Job Cuts Will Eliminate About 1,800 Positions
Gap Inc said on Thursday it would cut about 1,800 jobs in a second round of layoffs, joining a set of big U.S. companies that …
Walmart Sees More Than 2,000 Job Cuts in E-Commerce Warehouses
Walmart Inc will cut more than 2,000 jobs at five US e-commerce warehouses, Bloomberg reported on Monday. The layoffs include more than 1,000 roles at …
Watchfinder Cuts Prices 15% as Rolex and Patek Philippe Values Slide
Watchfinder & Co., the online pre-owned watch-selling platform controlled by luxury conglomerate Richemont, has dropped prices by about 15 percent as valuations of used Rolex …
Rolex Reseller Chrono24 Cuts Jobs as Pre-Owned Watch Prices Fall
Chrono24 GmbH, the biggest dedicated online marketplace for luxury watches, cut about 13 percent of its workforce after prices for the most sought-after Rolex, Patek …
Superdry Cuts Full-Year Profit Forecast to Breakeven
Britain’s Superdry, on Friday, cut its profit forecast for the year and now expects to broadly break even as its wholesale segment underperformed amid rising …
Nordstrom Cuts Annual Profit Outlook as Off-Price Rack Sales Fall
Nordstrom Inc slashed its annual profit forecast after heavy discounting failed to sway people shopping at its off-price Rack stores, leading to weak holiday sales and …
H&M Cuts 1,500 Jobs as Inflation Hits Demand
Swedish fashion giant H&M on Wednesday became the first big European retailer to start layoffs by announcing 1,500 job cuts owing to softening demand as …
Nordstrom Cuts Profit Forecast on Soaring Costs
Nordstrom Inc. trimmed its annual profit forecast on Tuesday, signaling that steep discounts on outdated inventory, coupled with higher operating costs and supply chain pressures, are …
Under Armour Cuts Annual Forecasts as Sportswear Demand Slumps
Under Armour Inc cut its annual revenue and profit forecasts on Thursday, as the sporting goods company contends with weakening demand from consumers ahead of …
Balenciaga Cuts Ties With Kanye West
Balenciaga has officially ended its relationship with Ye. The brand and its parent company Kering had initially remained quiet in the wake of the rapper, …
Boohoo Cuts Outlook as Consumers Rein In Spending
British online fashion retailer Boohoo on Wednesday warned on full year sales and profit, blaming the worsening macro-economic and consumer backdrop as it reported a …
Walmart Cuts 200 Corporate Jobs as Costs, Inventory Weigh
Walmart Inc. is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise. The cuts include …