Consumers spent at a slower-than-expected pace in February, though underlying readings indicated that sales still grew at a solid pace despite worries over an economic slowdown and rising inflation.Retail sales increased 0.2% on the month, better than the downwardly revised decline of 1.2% the prior month but below the Dow...
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Kering shares plunge 11% after Demna Gvasalia named as Gucci’s artistic director
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty ImagesShares of Kering plunged on Friday after the company announced that Demna Gvasalia would take the reins as new artistic director of its ailing Gucci fashion line.Gvasalia,...
Ulta issues weak guidance, citing consumer uncertainty, rising competition and company missteps
Ulta Beauty on Thursday issued weak guidance for the year ahead as it navigates a series of internal missteps, rising competition and what it called "consumer uncertainty."The retailer, which appointed Kecia Steelman as its new CEO in January, said it's expecting comparable sales to be flat or grow 1% in...
Top Wall Street analysts favor these 3 stocks for the long term
Investors made their way through a volatile week of trading, in which the Trump administration's tariff rhetoric rocked the major averages and a rally on Friday still left stocks with weekly losses.Against that volatile backdrop, investors can track the stock picks of top Wall Street analysts to enhance their portfolios...
China’s retail sales strengthen at the start of the year, industrial output tops expectations
Pictured here is a Shanghai development under construction on Nov. 4, 2024.Cfoto | Future Publishing | Getty ImagesChina's economy showed a modest pickup for the first two months of the year, according to data published Monday by the National Bureau of Statistics, as Beijing reiterated its plan to bolster domestic...