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Tag: shares

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

Shares of Shopify drop on surprise loss, but Cramer says you’ll regret selling

Shares of Canadian e-commerce company Shopify dropped after reporting a surprise loss on earnings. The stock slipped 3.8% on Tuesday after Shopify posted an earnings loss of 25 cents in the third quarter, missing analysts’ estimates of 11 cents gain, according to FactSet. However, CNBC’s Jim Cramer said investors will regret selling Shopify as the …

Shares of Shopify drop on surprise loss, but Cramer says you’ll regret sellingRead More

Hasbro shares drop 15% as tariffs boost costs, earnings fall short

Shares of Hasbro dropped more than 15% on Tuesday after the toymaker fell short of Wall Street estimates for quarterly profit, as the threat of tariffs on toys imported from China increased shipping and warehousing costs and caused cancellations of direct import orders. The threat and implementation of tariffs in the third quarter impacted Hasbro’s …

Hasbro shares drop 15% as tariffs boost costs, earnings fall shortRead More

Speedy delivery hits Amazon’s bottom line; shares slump, Retail News, ET Retail

San Francisco, Oct 24, 2019 -Amazon on Thursday reported that quarterly profits shy of Wall Street forecasts, sending shares of the tech giant tumbling in after-market trades. Net income slid 27 percent from last year to $2.1 billion, with profits pressured by Amazon’s spending to speed up most deliveries to one day. Revenue climbed 24 …

Speedy delivery hits Amazon’s bottom line; shares slump, Retail News, ET RetailRead More

EBay forecasts holiday-quarter revenue below estimates, shares fall 3%, Retail News, ET Retail

EBay Inc forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com and Walmart Inc in the run-up to the crucial holiday shopping season. Shares of the company fell 2.73% to $38.13 in extended trading as the holiday quarter typically generates a majority of its annual sales …

EBay forecasts holiday-quarter revenue below estimates, shares fall 3%, Retail News, ET RetailRead More

Target shares retail insights with startups

Target Corp. hosted the retail track day of Twin Cities Startup Week. The discount giant held the retail track of Twin Cities Startup Week, an event for start-ups and innovators in the Twin Cities metro area, at its Minneapolis headquarters on Oct. 10. Target assembled experts including C-level executives and alumni of its technology accelerator …

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Ted Baker shares plunge as it suffers £23m first-half loss | Business

Shares in Ted Baker crashed by more than a third after the fashion retailer dived to its first half-year loss in more than 20 years and issued another warning on its full-year performance. The company said trading in the first half had been worse than expected and the second half had started slowly because of …

Ted Baker shares plunge as it suffers £23m first-half loss | BusinessRead More