While U.S. authorities put pressure on Chinese assets, investors remain intent on chasing opportunities in the world’s second-largest economy.
Schlagwort-Archiv: Markets
Tiffany says same-store sales fell 44%, LVMH deal clearing regulatory hurdles
The U.S. jewelry maker said Tuesday in an earnings release that its same-store sales were down about 44% in the fiscal first quarter, but said demand has picked up again in China.
Macy’s stock rally collapses, shares tumble after company warns ‚gradual‘ recovery ahead
During a virtual fireside chat with Cowen & Co. analyst Oliver Chen, Macy’s Chief Financial Officer Felicia Williams said the company does not expect sales trends to normalize until 2021 or possibly 2022.
Stitch Fix sales fell 9% as coronavirus delayed orders, sees sales growth ahead as backlog clears
Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss.
Slack shares close down more than 14% after earnings show far slower growth than Zoom
Slack reported that it grew revenue 50% during the quarter, compared with 49% last quarter, on an annualized basis.