shares news and archive

Debenhams shares slip amid warnings of 'market volatility'

London - UK high street retailers are facing a drop in their stocks this morning following a bleak trading update from department store group Debenhams. The struggling retailer revealed a 0.9 percent decline in like-for-like sales for the 15 weeks to June 17 amid "market volatility." In its trading update for the 15 weeks and 41 weeks to June...

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Report

Nordstrom Profit Tops Street, Lifts Outlook; Shares Up 11 percent

Shares of Nordstrom Inc. (JWN) jumped 11 percent in extended hours on Thursday after the department store chain reported a second-quarter profit that trumped Wall Street estimates and lifted its full-year earnings outlook. Seattle-based Nordstrom's second-quarter profit plunged to 117 million dollar or 0.67 dollar per share from 211 million...

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Business

Nordstrom Profit Tops Street, Lifts Outlook; Shares Up 11 percent

Shares of Nordstrom Inc. (JWN) jumped 11 percent in extended hours on Thursday after the department store chain reported a second-quarter profit that trumped Wall Street estimates and lifted its full-year earnings outlook. Seattle-based Nordstrom's second-quarter profit plunged to 117 million dollar or 0.67 dollar per share from 211 million...

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BusinessFeatured

Lululemon founder believes the company 'has lost its way'

London - Dennis 'Chip' Wilson, founder of Lululemon Athletica is not pleased with the path the sporting goods company has taken, stating that it "has lost its way" and needs "a call to action." In an open letter penned to company shareholders on Wednesday, Wilson voiced his growing concerns for the direction the brand he founded in 1998 is going...

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People

Adidas in search of a new CEO

German sportswear giant Adidas is reportedly in search for a new Chief Executive Officer. The shares are up more than 6.2 percent on Xetra. CEO Herbert Hainer, who has been serving the company since 2001, got his tenure extended to 2017. However, the investors were not happy with the company's performance, especially in comparison with its rival...

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Fashion

Asos founder sells 20 million pounds of shares

Asos director Nick Robertson has sold 750,000 of his shares in the online fashion business he founded, netting him just over 20 million pounds. Asos share price was down 1.3 percent at 2.611p after Robertson's sale of his shares at 2.716p each. Robertson has sold the shares at a higher point than they were at the start of the 2015, but after a...

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Business

Michael Kors stock downgraded by Credit Suisse

Michael Kors, famous for its affordable accessories, has been downgraded by Credit Suisse as the company's hangbags are increasingly being discounted. According to the Financial Times, analysts lowered their rating to “neutral” from “outperform” and cut their price target to 79 from 103 US dollars making it the worst performing stock on the US...

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