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Gap climbs after tapping retail veteran to reignite growth at Old Navy

Gap climbs after tapping retail veteran to reignite growth at Old Navy

By Anuja Bharat Mistry and Angela Christy M Aug 28 (Reuters) - Gap's shares jumped about 22% in early trading on Friday after the apparel retailer named industry veteran Michael Francis as CEO of Old Navy, a move aimed at reinvigorating the brand in a challenging spending environment.

Gap taps industry veteran to revive struggling Old Navy brand, shares jump

By Neil J Kanatt and Danielle Kaye Aug 27 (Reuters) - Gap named industry veteran Michael Francis as Old Navy's new CEO on Thursday to reinvigorate the struggling brand, while improved pricing led to a quarterly profit beat and strong forecast at the wider company.

Gap lifts annual profit forecast on strength of namesake brand

Aug 27 (Reuters) - Apparel retailer Gap raised its annual profit forecast on Thursday, betting on sustained momentum at its namesake brand even as pressure at some of its other labels persists.

Kohl's reports second-quarter sales miss on weak discretionary spending

Kohl's reports second-quarter sales miss on weak discretionary spending

By Anuja Bharat Mistry and Shania S Thomas Aug 26 (Reuters) - Kohl's missed Wall Street estimates for second-quarter sales on Wednesday, as muted consumer spending on discretionary items offset gains from the department chain's turnaround push, sending its shares down about 7% in premarket trading.

Kohl's sales dampened by weak discretionary spending, shares fall 8%

Kohl's sales dampened by weak discretionary spending, shares fall 8%

By Anuja Bharat Mistry, Shania S Thomas and Danielle Kaye Aug 26 (Reuters) - Kohl's on Wednesday missed Wall Street estimates for second-quarter sales as muted spending on women's clothing and skincare products offset gains from the department-store chain's push to revitalize the business.

Dollar stores beat sales estimates as cheaper essentials in demand

Dollar stores beat sales estimates as cheaper essentials in demand

Aug 27 (Reuters) - Dollar General and Dollar Tree surpassed quarterly sales estimates on Thursday as lower-priced essentials drove consumers to their stores at a time of economic uncertainty and tariff refunds provided an earnings boost.

Kohl's misses sales estimates on cautious discretionary spending

Kohl's misses sales estimates on cautious discretionary spending

Aug 26 (Reuters) - Kohl's missed Wall Street estimates for second-quarter sales on Wednesday, as muted consumer spending on discretionary items offset gains from the department chain's turnaround push, sending its shares down about 5% before the bell.

Wall St set for subdued open as tech rally pauses before Warsh's speech

Wall St set for subdued open as tech rally pauses before Warsh's speech

By Purvi Agarwal and Niket Nishant Aug 28 (Reuters) - Wall Street's main indexes were poised for a muted open, as an AI-fueled rally fizzled out ahead of Federal Reserve Chair Kevin Warsh's much-anticipated Jackson Hole appearance on Friday.

Build-A-Bear shares drop most ever on weak annual revenue outlook

Build-A-Bear shares drop most ever on weak annual revenue outlook

By Caroline Valetkevitch NEW YORK, Aug 27 (Reuters) - Shares of Build-A-Bear Workshop plunged 27.3% on Thursday in their biggest daily percentage drop ever after the retailer of customized stuffed animals reduced its revenue outlook for the second time this year and fired its chief growth officer.

Best Buy's stronger forecast fails to reassure investors; shares fall

Best Buy's stronger forecast fails to reassure investors; shares fall

By Angela Christy M Aug 27 (Reuters) - Best Buy raised its full-year forecasts on Thursday on expectations of AI-driven device upgrades and advertising growth, but its shares fell 6% as investors looked past a tariff-refund boost and booked profits after a recent rally.

Department store chain Kohl's misses quarterly sales estimates amid cautious spending

Department store chain Kohl's misses quarterly sales estimates amid cautious spending

Aug 26 (Reuters) - Kohl's missed Wall Street estimates for second-quarter sales on Wednesday, as cautious consumer spending on discretionary items offset gains from the high-end department chain's turnaround push, sending its shares down about 5% before the bell.

Dick's Sporting cuts forecasts as weak sneaker demand trips Foot Locker, shares plunge

Dick's Sporting cuts forecasts as weak sneaker demand trips Foot Locker, shares plunge

By Angela Christy M Aug 25 (Reuters) - Dick's Sporting Goods cut its full-year forecasts and signaled that bloated inventory and heavy discounting in the legacy footwear market were weighing on its recently acquired Foot Locker business.