May 27, 2022

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3 New Articles
  • 44 mins ago Needham upgrades Boston Scientific to buy, says company can fend off competition
  • 1 hour ago Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery
  • 3 hours ago Credit Suisse downgrades Citi to neutral, says the bank has limited upside
Home Tag Archives: Retail industry

Tag Archives: Retail industry

Business

Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery

By The Texas Chronicle
1 hour ago
in :  Business
0
1

A strong quarterly report is the start of a solid recovery for Ulta Beaty , according to investment firm Jefferies. On Thursday, Ulta blew away estimates for the first quarter, generating $6.30 in adjusted earnings per share on $2.35 billion of revenue. Analysts surveyed by Refinitiv were expecting $4.46 in earnings per share on $2.12 billion of revenue. The company’s …

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Business

Carl Icahn loses proxy fight with McDonald’s over animal welfare

By The Texas Chronicle
22 hours ago
in :  Business
0
6

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Activist investor Carl Icahn lost his proxy fight with McDonald’s on Thursday, signaling that shareholders weren’t swayed by his animal-welfare concerns. Preliminary counts of votes during the company’s annual shareholder meeting showed that Icahn’s board nominees only received votes from about 1% …

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Business

Nordstrom (JWN) reports Q1 2022 losses

By The Texas Chronicle
3 days ago
in :  Business
0
6

A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh …

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Business

Breaking down the market’s tumble into a bear market — and what comes next

By The Texas Chronicle
6 days ago
in :  Business
0
11

The relentless sell-off in stocks started marking some grim milestones this past week. The S & P 500 briefly dipped on Friday into bear market territory, trading more than 20% below its January intraday record. There’s no official definition for a bear market, so investors will debate whether we are in one officially now or not. Many on Wall Street …

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Business

Weee! taps Crazy Rich Asians director Jon M. Chu in push for grocery growth

By The Texas Chronicle
1 week ago
in :  Business
0
11

Online grocery delivery start-up Weee! encourages customers to share videos of recipes and favorite items on its app. It specializes in hard-to-find Asian foods, along with fruits, vegetables and other staples. Weee! Online grocery start-up Weee! specializes in hard-to-find foods from Asian and Hispanic cuisines. It nabbed another kind of rarity earlier this year: A big Hollywood name in its …

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Business

Bath & Body Works shares tumble as retailer cuts profit outlook due

By The Texas Chronicle
1 week ago
in :  Business
0
6

Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Bath & Body Works shares fell in after-hours trading Wednesday after the retailer cut its profit outlook for the year, in part due to expected increases in inflationary pressures. The stock fell more …

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Business

Under Armour CEO Patrik Frisk to step down, interim chief will take over June 1

By The Texas Chronicle
1 week ago
in :  Business
0
6

Patrik Frisk, recently appointed Chief Executive Officer Of Under Armour, speaks at the 2020 Under Armour Human Performance Summit on January 14, 2020 in Baltimore, Maryland. Olivier Douliery | AFP | Getty Images Under Armour said its president and chief executive officer, Patrik Frisk, will be stepping down, effective June 1, as the sportswear retailer searches for a replacement. In …

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Business

What Walmart, Target, Home Depot and Lowe’s tell us about the economy

By The Texas Chronicle
1 week ago
in :  Business
0
8

Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. …

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Business

Goldman downgrades Warby Parker, cites ‘fading confidence’ in revenue outlook

By The Texas Chronicle
1 week ago
in :  Business
0
9

Shares of Warby Parker have plummeted nearly 63% this year, and Goldman Sachs only sees more risks in the near term to the beaten-up glasses retailer. “We have fading confidence in the outlook for revenue outperformance and timeline to underlying GAAP profitability following several earnings releases where the revenue growth and profitability outlook have disappointed versus our expectations, driving a …

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Business

Stock futures rise slightly as Wall Street looks to build on recent rebound

By The Texas Chronicle
1 week ago
in :  Business
0
12

U.S. stock futures moved modestly higher on Tuesday evening as investors looked to build on a solid rally. Futures for the Dow Jones Industrial Average added 49 points, or about 0.2%. S&P 500 futures ticked up 0.2%, while Nasdaq 100 futures pushed 0.1% higher. The move in futures came as the stock market’s recent sell-off appeared to have paused. On …

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Needham upgrades Boston Scientific to buy, says company can fend off competition

The Texas Chronicle
44 mins ago

Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery

The Texas Chronicle
1 hour ago

Credit Suisse downgrades Citi to neutral, says the bank has limited upside

The Texas Chronicle
3 hours ago
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  • 44 mins ago

    Needham upgrades Boston Scientific to buy, says company can fend off competition

  • 1 hour ago

    Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery

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