Nordstrom misses Wall Street’s earnings expectations as off-price chain Rack lifts sales
A Citi Bike docking station outside the Nordstrom flagship store in New York on Feb. 21, 2024. Bing Guan |
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Earnings
Salesforce shares plunge 16% on first revenue miss since 2006
Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18,
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Best Buy jumps 13% as cost-cutting preserves profits despite sluggish sales
Best Buy on Thursday missed Wall Street’s quarterly sales expectations but stressed higher profits and lower costs as softer demand
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Kohl’s stock plummets more than 20% after massive earnings miss
Shoppers walk in front of a Kohl’s store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl’s shares plummeted
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Foot Locker’s turnaround is showing signs of life, CEO sees consumers willing to pay full
Foot Locker’s turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal
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Best Buy surges on signs that the expected AI-driven PC and smartphone refresh is starting
Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal
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Foot Locker leaves our penalty box as CEO Mary Dillon’s revamp plan turns corner
Foot Locker surged Thursday after its quarterly earnings report showed signs that CEO Mary Dillon’s turnaround plan is starting to
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American Eagle profit soars, but sales grow slower than expected
American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and
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We’re cutting our price target on Salesforce after mixed earnings, soft guidance
Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is
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Dick’s Sporting Goods stock surges 16%, as retailer says shoppers are spending more on
A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California.
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