Dollar General posts tough quarter; slashes guidance Dollar General Corp. reported weaker-than-expected second-quarter earnings and sales and cut its full-year guidance as its shoppers continued to focus on lower-priced everyday essentials over discretionary goods. Five Below sales up 15.2%; opening 200 stores; cuts guidance amid shrink increase Five Below delivered second-quarter results in line with its guidance on the top and bottom line and, similar to many other retailers, warned of shrink increases. Data breach affects over 500,000 Forever 21 employees Forever 21 is reporting a security incident that exposed sensitive personal information of some of its current and former workers. U.S. consumer confidence retreats in August Consumer confidence fell in August, erasing back-to-back increases in June and July amid renewed concerns about inflation. Survey reveals consumers have economic worries Consumers are feeling pessimistic about the economy, with possible ramifications for retailers. Canada exit impacts Nordstrom Q2 sales as profits rise Nordstrom Inc. cited the winddown of its Canadian operations and shift in the timing of its Anniversary Sale as impacting sales during its second quarter. Kohl’s beats Street with declining profits in Q2 Kohl’s Corp. saw earnings fall less than Wall Street analysts had expected as sales also declined in the second quarter of fiscal 2023. Profit, sales fall at Buckle during Q2 Net sales and net income both declined on a year-over-year basis at The Buckle Inc. in the second quarter of fiscal 2023. Amazon files two lawsuits targeting phony reviews Amazon is going to court over what it says are organized efforts to post fake customer reviews on its site. Ross Stores beats Street and lifts outlook as customers shop for bargains Ross Stores reported better-than-expected second-quarter earnings and sales as shoppers sought out its stores for bargains. First Previous 26 27 28 29 30 Next Last
