United States

Uday Sampath Kumar

Higher store investments to hit Dollar General profit, shares fall 10 pct

Mar 14 2019

Dollar General Corp will plow back a part of its 2019 profit to revamp its supply chain and add self-checkout lanes at its stores as it competes with online grocers and U.S. chains Walmart Inc and Kroger Co.

Gap to separate Old Navy brand, close stores; shares soar 25 percent

Mar 01 2019

Gap Inc will separate its better-performing Old Navy brand and shutter about 230 stores of its struggling namesake apparel business, in one of its biggest restructuring efforts to energize sales, sending shares surging 25 percent on Thursday. | Video

Kraft Heinz discloses SEC probe, $15 billion write-down; shares dive 20 percent

Feb 22 2019

Shares of Kraft Heinz Co slumped 20 percent late on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its iconic Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry.

Under Armour beats holiday-quarter profit on fewer discounts

Feb 12 2019

Under Armour Inc beat analysts' estimates for quarterly profit on Tuesday, as the sportswear maker kept a tight lid on costs and sold more sneakers at full price during the holiday shopping season.

Hasbro suffers as lack of Disney movies adds to Toys "R" Us woes

Feb 08 2019

Hasbro Inc missed estimates for quarterly profit on Friday as the toy maker struggled with the collapse of Toys "R" Us and falling European demand, in a year without a major Disney princess or a Star Wars film to bolster sales. | Video

Mattel posts surprise profit as Barbie makeover lifts sales

Feb 07 2019

Mattel Inc posted a surprise fourth-quarter profit on Thursday, as the toymaker benefited from a makeover of its iconic Barbie doll, while keeping a tight lid on costs, sending its shares soaring 19 percent in extended trading.

Capri looks beyond Michael Kors, bets on Versace for future growth

Feb 06 2019

Capri Holdings Ltd, formerly Michael Kors, on Wednesday raised its 2019 sales expectations and forecast strong growth in coming years, pinning its hopes on Versace, a brand it bought to forge a stronger luxury identity like its European peers Louis Vuitton and Gucci.

Ralph Lauren steps up Instagram game, tops holiday sales forecasts

Feb 05 2019

A marketing blitz involving supermodels and Instagram helped Ralph Lauren woo more customers and report another quarter of better-than-expected sales and earnings, sending its shares up over 12 percent on Tuesday.

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