Edition:
India

Aishwarya Venugopal

UPDATE 3-Same-day deliveries, store revamps drive Target's strong results

22 May 2019

May 22 Target Corp beat first-quarter estimates for same-store sales and profit on Wednesday, as the retailer's strategy to invest more in its delivery services and revamp stores drew in more shoppers, sending its shares up more than 9%.

Kohl's chops profit forecast after dismal first quarter, shares slump

21 May 2019

Kohl's Corp cut its full-year profit forecast and reported lower-than-expected quarterly results as the department store chain sold fewer full-price spring apparel and saw weak demand for home goods, sending its shares down as much as 14%.

Overstock CEO says he had to sell shares to supplement his pay

17 May 2019

Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to "give such an explanation again."

Macy's CEO says tariff escalation could hurt business

16 May 2019

Macy's Inc said on Wednesday the latest tariffs on Chinese imports by Washington are hitting its furniture business and warned investors that additional levies would leave its clothing and accessory categories vulnerable as well. | Video

REFILE-UPDATE 4-Macy's CEO says tariff escalation could hurt business

16 May 2019

May 15 Macy's Inc said on Wednesday the latest tariffs on Chinese imports by Washington are hitting its furniture business and warned investors that additional levies would leave its clothing and accessory categories vulnerable as well.

RPT-Members only: US retailers revamp loyalty schemes for Amazon era

14 May 2019

May 14 With private fitting rooms, members-only stores and clever apps, U.S. department stores are reinventing their old and tested loyalty programs to fend off the challenge from e-commerce giant Amazon.com Inc and other online rivals.

Members only: U.S. retailers revamp loyalty schemes for Amazon era

14 May 2019

With private fitting rooms, members-only stores and clever apps, U.S. department stores are reinventing their old and tested loyalty programs to fend off the challenge from e-commerce giant Amazon.com Inc and other online rivals.

Tapestry shares surge after $1 billion buyback plan, profit beat

09 May 2019

Tapestry Inc on Thursday unveiled its biggest buyback plan in nearly seven years and beat Wall Street estimates for third-quarter profit as it sold more Coach and Kate Spade handbags, sending its shares up 17 percent.

UPDATE 2-Tapestry shares surge after $1 bln buyback plan, profit beat

09 May 2019

May 9 Tapestry Inc on Thursday unveiled its biggest buyback plan in nearly seven years and beat Wall Street estimates for third-quarter profit as it sold more Coach and Kate Spade handbags, sending its shares up 17 percent.

Kraft Heinz to restate nearly three years of financial reports after investigation

06 May 2019

Kraft Heinz Co will restate financial reports for a near three-year period to fix errors that resulted from lapses in procurement practices by some of its employees, the packaged food company said in a filing on Monday. | Video

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