
Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
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Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
H&M Group’s digital marketplace Afound is expanding in Europe and has announced the opening of afound.com in Denmark. This will be followed by a debut in Norway later this season.
Estee Lauder Cos Inc cut its full-year profit forecast on Tuesday as fresh COVID-19 curbs in China and the suspension of operations in Russia following the invasion of Ukraine dent the cosmetics maker's sales.
U.S. off-price retailer TJX Cos Inc said on Thursday it would sell its 25% stake in Russian low-cost apparel retailer Familia following Moscow's invasion of Ukraine.
Nike Inc said on Thursday it would temporarily close all its stores in Russia, joining a slew of Western brands that have suspended their businesses in the country following Moscow's invasion of Ukraine.
Estee Lauder Cos Inc said on Monday it has ousted senior executive John Demsey, less than a week after suspending him over an Instagram post that reportedly contained a racial slur.
Estee Lauder Cos Inc has placed its executive group president, John Demsey, on unpaid leave due to content posted on his Instagram account, a regulatory filing showed on Thursday.
TJX Cos Inc missed Wall Street estimates for quarterly sales on Wednesday, hurt by temporary store closures and fewer customers visiting its outlets due to the COVID-19 pandemic.
CoverGirl parent Coty Inc on Tuesday raised its profit expectations for the year, as the cosmetics major's focus on high-margin skincare products cushions the effect of higher costs from supply chain disruptions.
Cosmetics maker Estee Lauder Cos Inc raised its full-year revenue and profit forecasts on Thursday, betting on strong demand for its skincare and fragrance products in Western markets such as North America.