1. Merchandising

Abercrombie & Fitch shares fall over 32% after retailer posts loss, offers weak outlook

Written by Posted on Less than 0 min read

Abercrombie & Fitch slashed its sales outlook for fiscal 2022, anticipating that economic headwinds will remain at least through the end of the year.

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Trends & External Forces

Fintech giants Klarna and Block slam ‘outdated’ UK buy now, pay later regulation proposals

​[[“value”:” Alex Marsh, Klarna’s head of U.K., said the proposals would lead to lengthened application times and result in “disproportionate friction” for consumers. Daniel Harvey Gonzalez ]]  View Original Article Technology & Innovation Government International - UK Trends: Finance Data & Insights Consumers CNBC Member since October 25, 2020 Loading + Follow Following CNBC is […]
< 1 min read
0
  1. Uncategorized

Clorox says sales and profit took a big hit from cyberattack

​[[“value”:”Clorox, which makes its namesake bleach products and Pine-Sol, disclosed the cyberattack in August.”]]  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across […]
< 1 min read
0
  1. Channel: Restaurants

Restaurant Brands earnings beats estimates, fueled by Tim Hortons’ and Burger King’s strong sales

​ ​[[“value”:”Burger King’s U.S. same-store sales climbed 8.7%, an early sign that its turnaround is taking hold.”]]  View Original Article Results & Investment Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Department: Food

Taco Bell tests its own meat substitute ahead of Beyond Meat launch later this year

Taco Bell is testing a plant-based meat substitute made from soy and pea protein at its restaurants in Birmingham, Alabama. View Original Article Dept. Fresh Health & Wellness Trends: Food and Beverage Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Corporate Finance

Lowe’s beats earnings estimates as sales fall — and the company expects revenue to slide again this year

Lowe’s beat lower expectations for its fourth quarter, and said it expects sales to fall again in its current fiscal year. View Original Article Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Shopper & Customer

Shoppers embrace ‘girl math’ to justify luxury purchases — here’s how it works

​[[“value”:”Cash-strapped consumers can justify their luxury purchases with TikTok’s latest trend: ‘girl math.'”]]  View Original Article TikTok Marketing: Social Media Consumers Shoppers CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Operations & Supply Chain

Nordstrom sales come up short, echoing broader retail industry pressures

​ ​  ​[[“value”:”Nordstrom stressed progress it’s made by clearing through inventory and reducing markdowns.”]]  View Original Article Operations & Supply Chain CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per […]
< 1 min read
0
  1. Corporate Finance

McDonald’s earnings miss estimates as rising costs weigh on profits

It marks the fourth earnings miss for the company in eight quarters. View Original Article Results & Investment Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per […]
< 1 min read
0
  1. Associates & Employees

Walmart plans to hire 40,000 workers for the holiday season

Walmart will hire 40,000 workers for the holiday season including part-time store associates and full-time truck drivers. View Original Article Associates Walmart Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by […]
< 1 min read
0
  1. Channel: Mass

Walmart is working on a response to the Supreme Court’s abortion decision, CEO says in memo

Walmart is the nation’s largest private employer, and its headquarters is in Arkansas, a state with an abortion “trigger law” on the books. View Original Article Executives Walmart CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Trends & External Forces

Gyms and at-home fitness battle for prominence this holiday season

Inflationary pressures and a post-lockdown reset look poised to benefit traditional gyms and threaten connected at-home fitness equipment like Peloton. View Original Article Health & Wellness Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Department: Consumer Durables

Adidas will sell existing Yeezy items, donate some revenues

​[[“value”:”Adidas ended its partnership with Ye, formerly known as Kanye West, after he made a string of hateful and antisemitic remarks.”]]  View Original Article Partnerships Philanthropy Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Media & Marketing

Estee Lauder reportedly suspends executive John Demsey over Instagram post

Estee Lauder suspended a top executive without pay over a social media post that contained a racial slur, according to The Wall Street Journal. View Original Article Executives Marketing: Social Media Economy Meta (Facebook) ESG and CSR CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business […]
< 1 min read
0
  1. CPG: Beverage

Coca-Cola raises full-year outlook as earnings beat estimates

​Coke has been raising prices across its portfolio, including another round of hikes during the first quarter.  View Original Article Results & Investment Coca Cola CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by […]
< 1 min read
0
  1. Channel: Restaurants

Burger King unveils $400 million plan to revive U.S. sales with investments in renovations and advertising

Burger King on Friday said it plans to spend $400 million over the next two years on advertising and renovating its restaurants. View Original Article Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Corporate Finance

The fall of Peloton’s John Foley and the stock market’s big founder problem

The departure of Peloton founder John Foley as the company’s CEO raises a question the market has struggled to answer: when should a founder step aside? View Original Article Results & Investment Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Department & Category

3 takeaways from our daily meeting: Oil in focus, Club names in the news, Disney earnings

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. View Original Article Dept. Fuel Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million […]
< 1 min read
0
  1. Corporate Finance

Gap shares rise after retailer issues strong earnings guidance, despite weak revenue outlook

Gap Inc. shares climbed after the apparel retailer offered an upbeat forecast for its profits in 2022, in spite of rising inflation and logistics challenges. View Original Article Predictions and Forecasts Results & Investment Operations & Supply Chain Economy Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized […]
< 1 min read
0
  1. Channel: Marketplace

Alibaba falls 5% after it reports slowest ever revenue growth and misses expectations

Alibaba reported its slowest quarterly revenue growth in the December quarter since going public in 2014. View Original Article Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Uncategorized

Peloton expands Bike rental program nationwide

Peloton will be expanding its rental bike program nationally, offering the base-level bike and subscription for $89 per month plus a $150 setup fee. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
Next