Levi Strauss, which has long relied on wholesalers like Macy's and Kohl's to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first-quarter earnings. In the three months ended Feb. 25, direct-to-consumer sales made up...
Victoria’s Secret shares plunge as shrinking demand hits sales forecasts
Victoria's Secret & Co. at the New York Stock Exchange, September 7, 2021. Source: NYSE Victoria's Secret shares plunged about 29% premarket on Thursday after the lingerie brand forecast weaker annual sales following a sluggish start to the year as shoppers in its key North America market switch to cheaper options. The company, popular...
Costco misses holiday-quarter revenue expectations despite online growth
A Costco Wholesale warehouse sign is seen outside of a store in Silver Spring, Maryland, on August 5, 2023. Mandel Ngan | Afp | Getty Images Costco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Shares of...
Gap shares pop as company’s holiday earnings blow past estimates, Old Navy returns to growth
A general view of an Old Navy store. Gap Inc. Gap's largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street's expectations. Sales at...