Dick’s Sporting stock surges on earnings beat, bullish outlook
Earnings of Dick’s Sporting Goods (DKS) increased in the first quarter, aided by strong e-commerce growth and far exceeded estimates....
Retail
Don’t eat the meat! Hormel recalls food products again
Meat giant Hormel Foods (HRL) is in limelight again. Nearly 230,000 pounds of canned pork and chicken products have been...
Pepsi acquires Bare Snacks; strengthens Frito-Lay business
Food and beverage giant PepsiCo (PEP) has gobbled up San Francisco-based fruit and vegetable chips maker Bare Snacks for an...
Foot Locker tops earnings estimates, shares soar
Foot Locker (FL) reported its earnings before the opening bell today. The company’s revenue grew 1% to $2.02 billion, while...
Kroger gobbles up Home Chef in second acquisition of the week
There is no denying that Kroger (KR), the grocery store chain, has suddenly emerged as a formidable player in the...
Ross Stores stock drops on weak outlook despite upbeat quarterly results
Off-price retail apparel operator Ross Stores (ROST) reported a 30% jump in earnings for the first quarter helped by higher...
Gap slips on Q1 earnings miss
Clothing retailer Gap Inc. (GPS) posted better-than-expected top-line in the first quarter, while the bottom-line missed expectations. The stock dropped...
Think before returning items to Amazon, you may avoid a lifetime ban
One of the proclaimed policies of Amazon (AMZN) is to “be patient” with customers. Now, shoppers who so far enjoyed...
Best Buy stock slips on weak guidance, despite upbeat earnings
Best Buy’s (BBY) first-quarter earnings got a boost from broad-based revenue growth, aided by positive comparable store sales across all...
L Brands reports 8% jump in revenue; stock slips on weak guidance
The Columbus-based retailer L Brands (LB) reported a 7.7% increase in net sales, while earnings plunged almost 50% year-over-year to...
Red Robin shares tank 18% after insipid Q1 results
Restaurant chain Red Robin Gourmet Burgers (RRGB) saw its shares plunge 18% in the early hours of trading today, triggered...
Ralph Lauren beats on revenue and earnings despite declining revenue in 4Q
Premium lifestyle products manufacturer Ralph Lauren (RL), which was trounced by a year-over-year trend of declining revenue for more than...
Target posts strongest performance in over a decade
Target Corporation (TGT) posted a 3.4% rise in total revenues to $16.8 billion for the first quarter of 2018 helped...
Lowe’s shares fall on earnings miss
Lowe’s (LOW) today reported lower-than-expected Q1 earnings, sending its shares down as much as 8% during the pre-market trading.  The...
JC Penney falls to record lows as CEO Marvin Ellison quits to head up Lowe’s
Troubled department store chain JC Penney (JCP) suffered yet another setback after Chairman and CEO Marvin Ellison stepped down amidst...
Kohl’s Corp posts upbeat first quarter results
Kohl’s Corporation (KSS) reported a 3.5% increase in total revenues to $4.2 billion for the first quarter of 2018. Comparable...
Costco’s rival BJ’s Wholesale Club to reenter public market
The membership-based warehouse operator BJ Wholesale Club, which competes with the likes of Costco (COST) and Sam’s Club, is all...
Campbell Soup reports market-beating third quarter earnings
Campbell Soup Company (CPB) reported a 15% increase in sales to $2.12 billion for the third quarter of 2018, helped...
When marketing blunders landed top brands in the soup
Life in the corporate world is not easy. In the race to come up with the most unique products and...
Poor comp sales hurt Nordstrom despite strong Q1 results
Nordstrom (JWN) reported better-than-expected first quarter results. The company is reporting its quarterly results for the first time since the...
Kroger invests in UK firm Ocado to boost digital business
In line with the trend of grocery and retail industry slowly picking up with automation to keep Amazon (AMZN) competition...