FINANCE

Victoria’s Secret names marketing chief; expects $10M Q2 hit from cyber breach
Victoria’s Secret & Co. narrowed its loss and reported flat sales amid a “challenging environment.”
DSW parent company off to ‘slow start;’ pulls guidance
Designer Brands Inc. swung to a loss in its first-quarter and reported top- and bottom-line results that missed Wall Street estimates, citing an “unpredictable macro environment and deteriorating consumer sentiment.”

GameStop swings to Q1 profit, sales fall 17%

GameStop reported its fourth-consecutive quarterly profit even as its sales continue to decline and its footprint continues to shrink.
Krispy Kreme sells remaining Insomnia Cookies shares

Insomnia Cookies is on track for big expansion under two big investors.
Walmart-backed fintech and Synchrony to launch Walmart credit card

Consumer fintech OnePay and financial services company Synchrony are teaming with Walmart and Mastercard on an upcoming new credit card program.
Torrid closing up to 180 stores; net sales drop in Q1

Torrid Holdings Inc. met expectations for its first quarter of fiscal 2025 with declining sales and profits as it accelerates a pivot to a more digital focus.
Lululemon meets Street with Q1 revenue; net income falls

Lululemon Athletica Inc. slightly exceeded Wall Street expectations with net revenue as net income slipped in the first quarter of fiscal 2025.
Hooters franchisees to purchase over 100 corporate stores

Hooters of America is moving forward with plans to sell a substantial share of its corporate locations to a buyer group including its original founders.
Michaels acquires intellectual property, private label brands of Joann

The Michaels Companies Inc. has purchased assets of a bankrupt fabric and crafts retailer and expanding its product offering.
Five Below reports strong Q1 growth as sales rise 19.5%; CFO to leave

Five Below posted strong sales growth in its first quarter and also announced it is searching for a new CFO.

Victoria’s Secret names marketing chief; expects $10M Q2 hit from cyber breach

DSW parent company off to ‘slow start;’ pulls guidance

GameStop swings to Q1 profit, sales fall 17%

Krispy Kreme sells remaining Insomnia Cookies shares

Walmart-backed fintech and Synchrony to launch Walmart credit card

Torrid closing up to 180 stores; net sales drop in Q1

Lululemon meets Street with Q1 revenue; net income falls

Hooters franchisees to purchase over 100 corporate stores

Michaels acquires intellectual property, private label brands of Joann

Five Below reports strong Q1 growth as sales rise 19.5%; CFO to leave