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 …
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Cuts
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 …
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 …