FINANCE

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.
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.
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.
Express bucks trend, ups outlook as sales surge; opening more Edit, UpWest stores

Express continues to gain momentum.
Starbucks selling Evolution Fresh juice brand as it focuses on core business

Starbucks Corp. is getting out of the juice business.
Parent company of The Athlete’s Foot acquires Shoe City

The Arklyz Group has added another retail brand to its portfolio.
Dick’s Sporting Goods tops Street; cuts outlook amid ‘macroeconomic conditions’

Dick's Sporting Goods Inc. reported fiscal first-quarter results that beat expectations but cut its full-year financial outlook, citing "uncertain macroeconomic conditions."
Best Buy cuts outlook amid softer demand even as sales top Street

Best Buy reported lower first-quarter sales and profits and lowered its full-year forecast citing softer demand.

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