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Nivedita Balu

Stitch Fix user growth to remain flat in holiday quarter; shares fall

Dec 10 2018

Online personal styling service Stitch Fix Inc on Monday said it did not expect to increase the number of its active subscribers in the holiday quarter, as customers focused on gift-buying rather than themselves, sending shares down 14 percent.

PVH falls short of revenue estimates on softness in Calvin Klein

Nov 29 2018

Apparel maker PVH Corp reported quarterly revenue on Thursday that missed Wall Street estimates for the first time in at least two years, due to weakness in its Calvin Klein business, sending its shares down nearly 8 percent after-hours.

L Brands halves dividend, appoints new CEO for Victoria's Secret

Nov 19 2018

L Brands Inc on Monday slashed its full-year dividend and replaced the chief executive of its struggling Victoria's Secret lingerie brand.

UPDATE 3-L Brands halves dividend, appoints new CEO for Victoria's Secret

Nov 19 2018

Nov 19 L Brands Inc on Monday slashed its full-year dividend and replaced the chief executive of its struggling Victoria's Secret lingerie brand.

Cosmetics giant Coty replaces CEO, chairman

Nov 12 2018

Coty Inc replaced its chief executive officer and chairman on Monday, days after the cosmetics giant rattled investors by warning that fiscal-year performance could be hurt by supply chain issues.

Low-carb Corona a winner in Constellation results beat

Oct 04 2018

Constellation Brands Inc raised its full-year profit forecast and reported better-than-expected quarterly sales and profit on Thursday, as it benefited from strong demand for Corona beers during the summer, sending its shares up as much as 7 percent.

Nike profit tops targets but margins disappoint some

Sep 25 2018

Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was not enough for some investors, sending shares down 4 percent after hours.

Sears' same-store sales losses narrow but warns it may go out of business

Sep 13 2018

Sears Holdings Corp reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company's continued operation as it awaits approval to sell some of its businesses to its chief executive's hedge fund.

UPDATE 2-Tesla's Musk smokes marijuana on comedy podcast

Sep 07 2018

Sept 7 Tesla Inc's Chief Exeuctive Officer Elon Musk provoked another Twitter storm on Friday after briefly smoking marijuana on a live web show with comedian Joe Rogan.

Novartis unloads U.S. assets at loss to bargain-hunting Aurobindo

Sep 06 2018

ZURICH/BENGALURU New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is selling U.S. dermatology and generic pill assets to India's Aurobindo Pharma Ltd for up to $1 billion.

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