Big Lots to suspend dividend to bolster liquidity on heels of big lossBig Lots reported a much wider-than-expected first-quarter loss as sales declined 18% and its customers dealt with inflation, lower tax refunds and higher interest rates. Gap narrows Q1 loss amid cost cutting as sales decline; still looking for a CEOGap Inc. put a big dent in its net loss from a year ago even as sales fell across its four brands. Dollar Tree slashes profit outlook amid elevated shrink, ‘unfavorable’ sales mix Dollar Tree reported a mixed quarter with sales that topped Street estimates and earnings that fell short amid elevated shrink and a shift in consumer buying to consumables. Von Maur to open first location in North Dakota, at Fargo’s West Acres Mall Von Maur continues to expand its national footprint. Best Buy earnings tops Street but sales fall short; consumers feeling ‘cautious’ Best Buy reported first-quarter profit that beat expectations and reaffirmed its full-year outlook even as its sales fell short. Aldi cutting prices on more than 250 items Aldi is lowering prices on some of its best-selling summer products. American Eagle Outfitters lowers forecast amid ‘ongoing macro challenges’ American Eagle Outfitters reported first-quarter income and revenue in line with Street estimates but slashed its full-year forecast. Brand assets of Tuesday Morning up for sale The Tuesday Morning saga is entering a new chapter. Express, WHP complete Bonobos acquisition; Express Q1 loss widens, sales tumble Express Inc. reported a disappointing first quarter with a wider-than-expected loss and weaker-than-expected sales as it disclosed more cost cutting. Kohl’s posts surprise Q1 profit; Sephora helps fuel in-store sales Kohl’s Corp. reported an unexpected first-quarter profit and an increase in-store traffic as it efforts to turnaround its business gain some ground. First Previous 133 134 135 136 137 Next Last
