Finance & Capital Management

Gap swings to loss amid higher costs, Old Navy woes
Gap Inc. reported a first-quarter loss and declining sales, and slashed its annual guidance to reflect an uncertain macroeconomic environment, inflation pressures and “executional” challenges at its largest division: Old Navy.
Bob’s Stores, Eastern Mountain Sports acquired
The U.K. owner of Bob’s Stores and Eastern Mountain Sports has sold the two sporting goods and clothing brands to a company that focuses on intellectual property rights management through divisions in music, video networks and brands.

Ulta Beauty Q1 sales surge 21%; raises outlook

Ulta Beauty reported strong results for its first quarter with better-than-expected sales and earnings growth, supported by double-digit comparable sales growth across all major categories.
Big Lots swings to loss as inflation, high gas prices weigh on spending

Big Lots reported a surprise fiscal first-quarter loss and disappointing sales as higher fuel prices and broader inflation cut into consumer spending, and said it would scale back spending related to new store openings and remodels.
CBL will redeem $355 million in senior secured notes

One of the nation’s top mall owners announced that it will redeem senior secured notes to be backed by 13 of its open-air centers and 91 high-demand outparcels.
Apple raising starting pay to $22 an hour for U.S. workers

Apple is hiking wages as the company faces a still-tight labor market, inflation and a fledgling union drive.
Dollar General sales rise; beats estimates and raises outlook

Dollar General reported a better-than-expected first quarter with strong topline growth amid cost controls that helped it manage inflation and supply chain pressures.
Former CEO of Neiman Marcus takes reins at Intermix

Intermix is searching for a new chief executive.

$Karen Katz\$
Macy’s Q1 sales up across all divisions; raises outlook

Macy’s reported strong first-quarter sales across its three brands, buoyed by increased traffic to its stores as customers returned to buy new outfits, make-up and luggage.
Dollar Tree profit jumps 43.2%; details new investments

Dollar Tree got off to a strong start in its first quarter, with record quarterly earnings and solid sales.

Finance & Capital Management

Gap swings to loss amid higher costs, Old Navy woes

Bob’s Stores, Eastern Mountain Sports acquired

Ulta Beauty Q1 sales surge 21%; raises outlook

Big Lots swings to loss as inflation, high gas prices weigh on spending

CBL will redeem $355 million in senior secured notes

Apple raising starting pay to $22 an hour for U.S. workers

Dollar General sales rise; beats estimates and raises outlook

Former CEO of Neiman Marcus takes reins at Intermix

Macy’s Q1 sales up across all divisions; raises outlook

Dollar Tree profit jumps 43.2%; details new investments