‘You barely knew what we were actually selling’

Richard Dickson, CEO of Gap Inc. Courtesy: Gap Inc. New Gap CEO Richard Dickson has spoken about his experience upon joining the struggling company from toy business Mattel in August. “You barely knew what we were actually selling,” he said on Wednesday, describing how the firm’s four apparel brands had leant heavily on promotions and … Read more

Hasbro and Mattel stocks drop on poor holiday sales guidance

Game maker Hasbro Justin Sullivan | Getty Images Shares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter. Hasbro’s stock dropped more than 10% on Thursday, and Mattel slid more than 7%. The companies face challenges entering the critical fourth quarter, they said as they separately … Read more

CNBC Daily Open: Meta outperformance

NEW YORK, NEW YORK – JUNE 03: People walk by the New York Stock Exchange (NYSE) at the start of the trading day on June 03, 2022 in New York City. A new jobs report released by the Labor Department this morning shows employers added 390,000 jobs in May. Stocks pointed lower ahead of the … Read more

Stocks making the biggest moves midday: WBD, MLKN, CHPT

Pavlo Gonchar | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. Shares of Warner Bros. Discovery and Paramount Global jumped more than 2.5%, while Comcast added 0.9%. Disney hovered near the … Read more

Hole (GPS) earnings Q2 2023

Hole reported blended outcomes on Thursday and underwhelming current-quarter steering because the longtime mall retailer warned of an “unsure client” and posted one other quarter of declining gross sales throughout all 4 of its manufacturers. The corporate is projecting web gross sales to lower within the low double-digit vary for the fiscal third quarter in … Read more

‘Barbie’ field workplace nears $1 billion heading into third weekend

A scene from the “Barbie” film. Courtesy: Warner Bros. “Barbie” is lower than $100 million away from topping $1 billion on the world field workplace. Heading into the weekend, the bubblegum pink flick from Warner Bros. Discovery and Mattel has tallied $916.1 million. It is anticipated to hit the coveted billion-dollar benchmark earlier than Monday. … Read more