Shares in the travel and leisure industry are increasingly catching the eye of value investors, presenting discounted valuations alongside promising growth prospects for the upcoming tourist...
Converse footwear brand is reportedly cutting jobs as parent company Nike Inc. NKE continues its cost-saving measures by reducing its workforce. Nike is implementing a $2 billion plan to...
On Tuesday, Cathie Wood’s Ark Invest made some significant trades, notably buying shares of Shopify Inc SHOP and selling off Block Inc SQ stocks. The Shopify...
Walmart Inc. WMT is set to lay off hundreds of corporate employees and relocate others to its main corporate hubs. What Happened: Walmart, the largest employer...
Alibaba Group Holding Limited BABA shares have been on a broad consolidation move since bottoming in late October 2022. The company is still reeling from the...
For the first time in over 25 years, Planet Fitness Inc. agreed to raise the price of its basic gym membership after reporting disappointing earnings. What...
Planet Fitness, Inc. PLNT shares are trading higher on Thursday after reporting first-quarter results. The company reported adjusted earnings per share of 41 cents, missing the street view of...
Tapestry Inc TPR reported a third-quarter FY24 sales decline of 2% year-on-year to $1.482 billion, missing the analyst consensus estimate of $1.498 billion. Excluding a currency headwind of...
Adidas AG ADDYY has seen a surge in sales thanks to its Samba and Gazelle shoes, despite a decline in North American sales. What Happened: Adidas’...
Cathie Wood’s Ark Invest was on a chip stock buying spree on Monday, and the purchase assumes importance because it came just ahead of Advanced Micro...
Adient PLC ADNT has put forward restructuring plans in Europe to reduce operating, administrative and engineering costs. The plan primarily consists of workforce reductions and the transfer of work to countries...
Hibbett, Inc. HIBB shares are trading higher by 18% in the premarket session on Tuesday. Hibbett announced a definitive agreement in which JD Sports Fashion PLC JDSPY will acquire Hibbett for...