Seven & i Holdings announced a major restructuring as part of its effort to head off a $47 billion bid by Canada’s Alimentation Couche-Tard, whose holdings include Circle K and other convenience store chains.
It’s been a busy 48 hours as President Trump has issued, and in some cases temporarily delayed, sweeping tariffs which had spurred retaliation from the affected countries.
Victoria’s Secret & Co. reported a solid holiday quarter with better-than-expected earnings and sale, but — similar to most other retailers — it issued soft guidance for the current year.
Macy’s, Inc. turned profitable in the holiday quarter with earnings that easily topped analysts’ expectations as its turnaround strategy started to show some signs of taking hold.
Abercrombie & Fitch Co. maintained its momentum during the holiday quarter, fueled by a strong performance at its Hollister division, but issued cautious guidance.
