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December 6, 2019
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Reuters - Business

Tiffany profit falls short on weak demand in Americas, Hong Kong

Reuters
(Reuters) – Luxury jeweler Tiffany & Co (TIF.N), which is being bought by Louis Vuitton owner LVMH (LVMH.PA), missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong. The jeweler has been struggling to lure price-conscious...
Reuters - Business

Dollar General lifts profit forecast, tops third-quarter expectations on sales

Reuters
FILE PHOTO: A sign is seen outside a Dollar General store in Chicago, Illinois, U.S. May 23, 2016. REUTERS/Jim Young (Reuters) – Discount store operator Dollar General Corp (DG.N) raised its full-year profit forecast on Thursday after reporting its best quarterly same-store sales rise in nearly five years, benefiting from...
Reuters - Business

Tiffany misses quarterly same-store sales estimates

Reuters
Tiffany & Co. jewelry is displayed in a store in Paris, France, November 25, 2019. REUTERS/Gonzalo Fuentes (Reuters) – Tiffany & Co (TIF.N), which is being bought by Louis Vuitton owner LVMH (LVMH.PA), fell short of Wall Street estimates for quarterly sales on Thursday as the luxury jeweler was hurt...
Reuters - Business

Deere warns of lower profits in 2020 on lingering trade tensions

Reuters
CHICAGO (Reuters) – Deere & Co. (DE.N) on Wednesday warned of lower earnings next year after reporting a fall in quarterly profits, hurt by trade tensions as well as poor weather in the U.S. farm belt that has slowed equipment purchases by farmers. FILE PHOTO: John Deere equipment is seen...
Reuters - Business

Dell misses revenue estimates on weakness in server business

Reuters
FILE PHOTO: A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake (Reuters) – Dell Technologies Inc (DELL.N) missed Wall Street estimates for quarterly revenue on Tuesday as its server business wrestled with higher costs and...
Reuters - Business

Abercrombie & Fitch trims forecast as Hollister, international business drag

Reuters
(Reuters) – Teen apparel retailer Abercrombie & Fitch Co (ANF.N) trimmed its annual sales growth forecast on Tuesday, blaming political issues from Brexit to the Hong Kong protests for keeping customers away from its stores outside the United States. FILE PHOTO: Signage is seen at the Abercrombie & Fitch store...
Reuters - Business

Abercrombie & Fitch reports rise in Abercrombie same-store sales

Reuters
FILE PHOTO: Signage is seen at the Abercrombie & Fitch store on Fifth Avenue in Manhattan, New York City, U.S., February 27, 2017. REUTERS/Andrew Kelly (Reuters) – Abercrombie & Fitch Co (ANF.N) reported a better-than-expected 3% rise in same-store sales at its flagship brand on Tuesday, but said tariffs would...
Reuters - Business

Dollar Tree holiday-quarter forecast disappoints as tariff bites; shares fall

Reuters
FILE PHOTO: A customer walks out of a Dollar Tree discount store in Austin, Texas, U.S., February 27, 2017. REUTERS/Mohammad Khursheed (Reuters) – Dollar Tree Inc (DLTR.O) on Tuesday forecast holiday-quarter profit below Wall Street expectations, as the discount store operator expects a hit from U.S. tariffs on Chinese imports,...
Reuters - Business

Calvin Klein-owner PVH Corp raises FY profit outlook on strong demand in Europe

Reuters
(Reuters) – PVH Corp (PVH.N) raised full-year adjusted profit forecast on Monday after its third-quarter results beat Wall Street expectations, powered by higher demand for its Calvin Klein and Tommy Hilfiger apparel in Europe. FILE PHOTO: Logo of Calvin Klein watches is seen at the Baselworld watch and jewellery fair...
Reuters - Business

Airbnb business outside U.S., China had $46 million profit in 2018

Reuters
FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. REUTERS/Charles Platiau (Reuters) – Airbnb’s business excluding the United States and China turned a net profit of $46.47 million in 2018 compared with a...
Reuters - Business

Nordstrom quarterly profit beats estimates; share jump 10%

Reuters
FILE PHOTO: The company logo for Nordstrom Inc, is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan McDermid (Reuters) – Nordstrom Inc (JWN.N) reported quarterly profit above Wall Street expectations on Thursday, as it sold more apparels at its...
Reuters - Business

Macy’s posts bigger same-store sales drop, cuts 2019 profit outlook

Reuters
FILE PHOTO: The Macy’s logo is pictured on the side of a building in down town Los Angeles, California, U.S., March 6, 2017. REUTERS/Mike Blake (Reuters) – Macy’s Inc (M.N) cut its annual profit forecast for the second time this year on Thursday after a bigger-than-expected drop in third-quarter comparable...
Reuters - Business

Target sets upbeat holiday sales tone with raised forecast, shares surge

Reuters
(Reuters) – Target Corp (TGT.N) signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 13%. FILE PHOTO: A sign for a Target store is seen in...
Reuters - Business

Target raises full-year forecast ahead of holiday season; shares surge

Reuters
FILE PHOTO: A sign for a Target store is seen in the Chicago suburb of Evanston, Illinois, February 10, 2015. REUTERS/Jim Young (Reuters) – Target Corp (TGT.N) raised its full-year profit forecast after posting better-than-expected quarterly results on Wednesday, signaling a strong holiday season for the big-box retailer as it...
Reuters - Business

Kohl’s slashes profit forecast after dismal quarter

Reuters
(Reuters) – Kohl’s Corp (KSS.N) cut its annual profit forecast on Tuesday after the department store operator fell short of quarterly comparable sales and earnings estimates, offering no sign that a much-hyped partnership with Amazon was bearing fruit. FILE PHOTO: A sign marks a Kohl’s store in Medford, Massachusetts, U.S.,...
Reuters - Business

U.S. companies say consumer still strong even as broader outlook dims

Reuters
NEW YORK (Reuters) – Walmart became the latest company to point to a strong U.S. consumer, adding to a raft of firms in recent weeks citing healthy demand at a time when spending is seen as an increasingly key support for the economy. FILE PHOTO: People shop during a Black...
Reuters - Business

J.C. Penney’s loss smaller than expected, shares soar 13%

Reuters
(Reuters) – J.C. Penney Co Inc (JCP.N) on Friday reported a smaller-than-expected quarterly loss on lower ad spending and higher margins, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold. Merchandise is displayed at the J.C. Penney department store...
Reuters - Business

China’s JD.com beats quarterly revenue estimates, shares rise

Reuters
SHANGHAI (Reuters) – China’s JD.com Inc (JD.O) beat analysts’ estimates for quarterly revenue on Friday, boosted by stronger sales in its core e-commerce business, sending its shares up nearly 7% before the bell. Deliverymen of JD.com work among parcels beside a road after the 11.11 Singles’ Day shopping festival in...
Reuters - Business

Walmart posts strong results ahead of holidays, earns praise from Trump

Reuters
WASHINGTON (Reuters) – Walmart Inc (WMT.N) posted strong results on Thursday as a strong economy boosted purchases at its stores and website and the retailer picked up market share in food and other groceries, earning praise from U.S. President Donald Trump. FILE PHOTO: A customer pushes a shopping cart at...
Reuters - Business

Walmart raises earnings outlook, expects strong holiday sales

Reuters
WASHINGTON (Reuters) – Walmart Inc (WMT.N) reported better-than-expected third quarter U.S. comparable sales on Thursday and raised its full-year outlook as a strong economy boosted purchases at its stores and website and the retailer picked up market share in food and other groceries. FILE PHOTO: Walmart’s logo is seen outside...

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