Aditi Shrivastava

Clothier Ann Inc's profit beats estimates as Loft sales shine

Mar 14 2014

Women's apparel retailer Ann Inc's quarterly profit topped analysts' estimates again as shoppers snapped up the trendy merchandise sold at its Loft chain, sending its shares up more than 7 percent.

Apparel discounts hurt Express forecast; shares slump

Mar 12 2014

Apparel retailer Express Inc said it expected its profit to slide by more than half in the current quarter, blaming deep discounts and a decline in store traffic.

Men's Wearhouse stitches up deal to buy Jos. A. Bank

Mar 11 2014

Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger menswear rival.

Big Lots says sales declines to stop as investments pay off

Mar 07 2014

Close-out retailer Big Lots Inc said same-store sales would stop falling in the current fiscal year as its investments to boost sales start paying off.

Target announces technology overhaul, CIO departure

Mar 05 2014

Target Corp announced an overhaul of its information security practices and the resignation of its chief information officer as the retailer tries to reassure customers and investors after a massive data breach late last year.

Abercrombie beats estimates, to cut prices this year

Feb 26 2014

Teen apparel retailer Abercrombie & Fitch Co said it would lower prices to deal with intense competition, after discounts in the holiday season helped quarterly revenue fall less than expected.

Chipmaker Marvell's profit doubles; expects pickup in mobile

Feb 20 2014

Chipmaker Marvell Technology Group Ltd reported a more-than-expected 112 percent rise in profit, helped by strong demand from storage and networking companies, and said it expected its mobile business to pick up in the current quarter.

Gap to raise hourly pay to $10 in 2015; Wal-Mart remains 'neutral'

Feb 19 2014

Apparel retailer Gap Inc said it would raise the hourly pay for its U.S. employees to $9 in June 2014 and $10 in June 2015, after the White House said the minimum wage for federal contract workers would be raised to $10.10 an hour in 2015.

Weight Watchers forecast disappoints, shares shed 20 percent

Feb 13 2014

Weight Watchers International Inc , facing increasing competition from diet apps and calorie-counting gadgets, forecast a full-year adjusted profit far below estimates, sending its shares down as much as 20 percent after the bell.

Ralph Lauren warns on margins despite strong sales forecast

Feb 05 2014

Designer clothing company Ralph Lauren Corp said it expects increased promotions to eat into gross margins, spooking investors who had earlier pushed the stock higher on a strong sales outlook.

World News

Australia sets out curbs for travellers from virus-hit southern Africa

MELBOURNE (Reuters) -Australia imposed new restrictions on Saturday on people who have been to nine southern African countries, as the new Omicron variant https://www.reuters.com/business/healthcare-pharmaceuticals/japan-tighten-border-controls-s-africa-others-new-virus-variant-jiji-2021-11-26 of COVID-19 raises concerns about another wave of the pandemic.