Gap has been in the midst of a turnaround under CEO Richard Dickson, who has focused on better marketing and storytelling for the company’s portfolio of brands.
Kategorie-Archiv: CNBC Financial News
Hiring stays strong for low earners, Vanguard finds
Labor demand for lower earners has been resilient while it has waned for higher-paying jobs, according to a new analysis.
37% of Americans paid a late fee in the last 12 months, report finds
More than one-third of Americans have recently fallen behind on a bill, including credit cards, utilities or rent, according to NerdWallet. Here’s what to do.
Kohl’s stock plummets 25% after massive earnings miss
Kohl’s shares plummeted more than 25% in early trading Thursday after the company posted weaker-than-expected earnings.
Fintech targeted by climate skeptics banks $37 million from likes of UBS, Commerzbank
Swedish climate fintech Doconomy told CNBC it’s raised $36.9 million in a Series B round co-led by the venture arms of UBS and CommerzBank.
BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%
Johan Tjarnberg, CEO of Trustly, told CNBC his firm still needs time to prove the value of its open banking tech to investors before going public.
Kohl’s stock plummets 25% after massive earnings miss
Kohl’s shares plummeted more than 25% in early trading Thursday after the company posted weaker-than-expected earnings.
Best Buy jumps 10% as cost-cutting preserves profits despite sluggish sales
Best Buy has noticed a pullback in purchases of discretionary items as consumers manage higher costs because of inflation.
Foot Locker stock surges 30% as turnaround shows signs of life
Foot Locker is making gains under CEO Mary Dillon, who has been working to win back brands and Wall Street’s confidence with an ambitious turnaround plan.
We’re cutting our price target on Salesforce after mixed earnings, soft guidance
We believe the sell-off Wednesday is overdone, but also understand stocks aren’t rewarded when growth is slowing.