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Tag: forecast

Walmart CEO Doug McMillon says ‘too soon’ to forecast coronavirus hit

Walmart isn’t yet sure how much of a hit it will take because of the deadly coronavirus outbreak that started in China and has now spread across the globe. But it will likely take one. “It’s not in our guidance,” CEO Doug McMillon told CNBC’s Courtney Reagan on Tuesday morning, on the heels of the …

Walmart CEO Doug McMillon says ‘too soon’ to forecast coronavirus hitRead More

GameStop holiday sales plummet; lowers forecast

Get great content like this right in your inbox. Subscribe The holiday season brought no cheer to GameStop. The beleaguered retailer reported that its total global sales plunged 27.5% to $1.83 billion for the nine-week holiday period ended January 4, 2020. Same-store sales fell 24.7%. GameStop said its holiday results were indicative of overall industry …

GameStop holiday sales plummet; lowers forecastRead More

GameStop holiday sales plummet; lowers forecast

Get great content like this right in your inbox. Subscribe The holiday season brought no cheer to GameStop. The beleaguered retailer reported that its total global sales plunged 27.5% to $1.83 billion for the nine-week holiday period ended January 4, 2020. Same-store sales fell 24.7%. GameStop said its holiday results were indicative of overall industry …

GameStop holiday sales plummet; lowers forecastRead More

Build-A-Bear Workshop lifts forecast on strong holiday sales; adding Baby Yoda to lineup

Get great content like this right in your inbox. Subscribe Build-A-Bear Workshop had plenty to cheer about on Tuesday. The company lifted its full-year forecast based on strong holiday sales. And in a presentation at an industry event, it revealed that one of the most popular characters to emerge from a “Star Wars”-related show in …

Build-A-Bear Workshop lifts forecast on strong holiday sales; adding Baby Yoda to lineupRead More

Forecast 2020: Godrej Consumer Products expects gradual improvement in demand in upcoming quarters

Godrej Consumer Products on Monday said demand in the third quarter for this fiscal continued to be challenging, impacted by a general consumption slowdown, stressing that it expects gradual improvement in consumer demand in the upcoming quarters. “During the quarter (ended December 31, 2019), we witnessed relatively mixed demand across some of our geographies of …

Forecast 2020: Godrej Consumer Products expects gradual improvement in demand in upcoming quartersRead More

Dollar Tree cuts forecast due to tariffs; Q3 earnings miss Street

Dollar Tree warned that its fourth-quarter earnings will take a hit due to the ongoing trade war between the U.S. and China. The discounter on Tuesday said that tariffs imposed on Chinese imports will add $19 million, or 6 cents per share, to its costs of goods for the fourth quarter of 2019. (Abercrombie & …

Dollar Tree cuts forecast due to tariffs; Q3 earnings miss StreetRead More

Dollar Tree cuts forecast due to tariffs; Q3 earnings miss Street

Dollar Tree warned that its fourth-quarter earnings will take a hit due to the ongoing trade war between the U.S. and China. The discounter on Tuesday said that tariffs imposed on Chinese imports will add $19 million, or 6 cents per share, to its costs of goods for the fourth quarter of 2019. (Abercrombie & …

Dollar Tree cuts forecast due to tariffs; Q3 earnings miss StreetRead More

Gap shares tumble after CEO Art Peck steps down, retailer issues weak forecast

Gap Inc. shares tumbled in extended trading Thursday after the company said CEO Art Peck will be stepping down immediately, and be replaced by the founders’ son temporarily.  Gap, which has been struggling to revive its sales, also slashed its forecast for the year, citing a “challenging quarter.” Its shares sank more than 7% in …

Gap shares tumble after CEO Art Peck steps down, retailer issues weak forecastRead More

CGP forecast has high hopes for  holiday sales — but not for all sectors

Tariffs will not put a damper on holiday spending. That’s according to Customer Growth Partner’s 18th Annual Holiday forecast, which predicts that holiday sales (November and December) will rise 5.2% to a record $715 billion, up from 2018’s prior record of $679 billion. The forecast is one of the most bullish to date and higher than …

CGP forecast has high hopes for  holiday sales — but not for all sectorsRead More

Landmark class-action judgment finds Myer misled over profit forecast | Business

Shareholders have won the first class action lawsuit to go all the way to judgment in Australia – but are unlikely to see a cent from defendant Myer because the stock market didn’t believe inflated profit forecasts made by the retailer’s chief executive, a judge has found. The landmark judgment, handed down on Thursday by …

Landmark class-action judgment finds Myer misled over profit forecast | BusinessRead More