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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.

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.

Abercrombie raises full-year sales forecast on robust apparel demand; shares surge

Abercrombie raises full-year sales forecast on robust apparel demand; shares surge

Aug 26 (Reuters) - Abercrombie & Fitch raised its full-year sales and profit forecasts on Wednesday as resilient demand for its apparel brands offset weakness in its international markets, sending the retailer's shares up 22% in early trading.

Bank of Nova Scotia Increases Stake in West Fraser Timber Co. Ltd. Amidst Mixed Analyst Ratings

Bank of Nova Scotia Increases Stake in West Fraser Timber Co. Ltd. Amidst Mixed Analyst Ratings

Bank of Nova Scotia Increases Stake in West Fraser Timber Co. Ltd. Amidst Mixed Analyst Ratings

Shein's Hong Kong IPO pricing values company at $26.5 billion, sources say

Shein's Hong Kong IPO pricing values company at $26.5 billion, sources say

By Selena Li and Kane Wu HONG KONG, Aug 27 (Reuters) - Online fast-fashion retailer Shein is set to price its Hong Kong initial public offering near the midpoint of its marketed range, raising $1.7 billion and valuing the company at about $26.5 billion, two people with knowledge of the matter said.

Sportswear giant closes 113 stores as shares plunge

Sportswear giant closes 113 stores as shares plunge

The retailer is reviewing its portfolio amid mounting costs and a challenging retail environment.

Meiji Yasuda Asset Management Co Ltd. Acquires Shares in Huntington Bancshares Incorporated

Meiji Yasuda Asset Management Co Ltd. Acquires Shares in Huntington Bancshares Incorporated

Meiji Yasuda Asset Management Co Ltd. Acquires Shares in Huntington Bancshares Incorporated

Walmart Stock Drops 9% Despite Earnings Beat, Signaling Broader Consumer Spending Weakness

Walmart Stock Drops 9% Despite Earnings Beat, Signaling Broader Consumer Spending Weakness

Walmart Stock Drops 9% Despite Earnings Beat, Signaling Broader Consumer Spending Weakness

Dick's Sporting Goods cuts annual forecasts as demand weakens, shares tumble

Dick's Sporting Goods cuts annual forecasts as demand weakens, shares tumble

Aug 25 (Reuters) - Dick's Sporting Goods cut its full-year sales and profit forecasts on Tuesday, as consumers in the U.S. pulled back spending on pricey athletic footwear and apparel, sending its shares down 17% in premarket trading.

Shein's up to $1.8 billion Hong Kong IPO order book covered, sources say

Shein's up to $1.8 billion Hong Kong IPO order book covered, sources say

By Scott Murdoch and Kane Wu HONG KONG, Aug 25 (Reuters) - Online fast-fashion retailer Shein's Hong Kong IPO book to raise up to $1.8 billion has been fully covered by investor demand, two sources said, bringing it closer to its long-awaited market debut amid growing business and regulatory

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.

Canadian lenders BMO, Scotiabank beat profit estimates, brush aside tariff worries

Canadian lenders BMO, Scotiabank beat profit estimates, brush aside tariff worries

By Nivedita Balu and Prakhar Srivastava Aug 25 (Reuters) - Canadian lenders Bank of Montreal and Bank of Nova Scotia on Tuesday beat quarterly profit estimates, driven by strength in their capital markets and domestic businesses, as bank CEOs brushed aside the impact of U.S.