Nordstrom Inc.’s third-quarter earnings fell short of estimates due to higher labor costs and challenges in its off-price Rack division, whose sales fell from pre-pandemic levels.
Gap Inc. delivered disappointing third-quarter results as COVID-related factory closures and ongoing port congestion led to “significant” product delays.
Dick’s Sporting Goods maintained its momentum in the third quarter, reporting earnings that crushed analysts’ expectations and raising its full-year outlook for the third time this year.
Authentic Brands Group is delaying its planned initial public offering and instead selling major equity stakes in its business to two private equity firms and a group of existing stakeholders.