Britain’s biggest sportswear retailer JD Sports struck a cautious tone on Thursday amid concerns inflation could push up costs and as strikes at ports add …
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Outlook
Macy’s Lifts Profit Outlook as Special Occasions Boost Sales
Macy’s Inc. jumped after raising its profit forecast as demand for high-end goods is persisting despite the highest inflation in four decades. Earnings are now …
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 …
Wildberries Sees Q1 Turnover Increase as Russian Sanctions Cloud Outlook
The Moscow-based fashion e-commerce giant reported a turnover of 289.2 billion roubles ($4 billion) in the first quarter of 2022, a 95 percent increase year-on-year, …
H&M Seen Posting First-Quarter Profit, Russia Clouds Outlook
Sweden’s H&M is seen swinging back to profit in its December-February quarter as pandemic effects ease, though the closure of its Russian stores and the …