In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime “queenpin” had built an empire. Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores across the country, authorities said. Police … Read more
Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. Nike fell more than 10%. Foot Locker, which relies heavily on Nike products in its stores, was down over 5%. Nike said in its earnings report Thursday that the … Read more
It was another win for the bulls this week. Wall Street started the month of December higher Friday — building on November’s rally, which broke a three-month losing streak. November really lived up to its stellar reputation, with monthly gains of nearly 8.8% for the Dow , about 8.9% for the S & P 500 … Read more
For the first time in nearly two decades running JPMorgan Chase, CEO Jamie Dimon will voluntarily sell stock in the bank. The disclosure, in a securities filing Friday, detailed next year’s planned sales — pressuring JPMorgan (JPM) shares and the Dow Jones Industrial Average and highlighting why tracking trades made by executives involving the companies … Read more
Nike reported revenue Thursday that fell short of Wall Street’s sales expectations for the first time in two years, but it beat on earnings and gross margin estimates, sending its stock soaring in after-hours trading. Here’s how the sneaker giant performed during its fiscal first quarter compared with what Wall Street was anticipating, based on … Read more
A Goal division retailer in North Miami Seaside, Florida, Could 17, 2023. Joe Raedle | Getty Photographs Extra grocery purchases, fewer formidable do-it-yourself initiatives and last-minute splurges on the retailer. This week, among the largest retailers within the nation reported earnings and described how their prospects are purchasing. As House Depot, Goal and Walmart reported … Read more