Nordstrom Inc. trimmed its annual profit forecast on Tuesday, signaling that steep discounts on outdated inventory, coupled with higher operating costs and supply chain pressures, are …
Cuts
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 …
Gucci Cuts Climate Impact While Growing Sales
While Gucci’s revenue rose to €9.7 billion ($10 billion) last year, surpassing pre-pandemic sales levels, its environmental footprint has followed a different trend line, falling …
Ross Stores Plunges as Discount Retailer Cuts Profit, Sales Outlook
Shares of Ross Stores Inc. fell sharply in extended New York trading after the discount retailer cut its outlook for profit and sales. Ross said …
Tapestry Cuts Profit Forecast as China Lockdowns Bite
Tapestry lowered its full-year profit forecast on Thursday as fresh lockdowns in major market China hurt sales of its luxury handbags and apparel, sending its …
Classic Cuts You’re About To See Everywhere – Bangstyle
Trends come and go each season, but with a return to the classics this season these are the cuts everyone will be asking for in …
Only Severe Emissions Cuts Will Avoid Climate Extremes, UN IPCC Report Warns
Drastic cuts to fossil fuel use. Growing forests and eating less meat. These are just some of the actions needed in this decade to contain …
Jeweller Pandora Cuts Ties With Leading Industry Body Over Russia
Jewellery maker Pandora said on Wednesday it had decided to leave the Responsible Jewellery Council (RJC) after the industry body failed to cut ties with …