Gabrielle Fonrouge

1 month ago | cnbc.com | Gabrielle Fonrouge

Nike will report fiscal third-quarter earnings after the bell on Thursday and provide updates on its turnaround plan as it navigates new tariffs and soft consumer spending. Here's what analysts are expecting from the world's largest sneaker company, according to consensus estimates from LSEG:Earnings per share: 29 centsRevenue: $11.01 billionExpectations are low for Nike as it works to implement a turnaround under its new CEO Elliott Hill.

1 month ago | businessandamerica.com | Gabrielle Fonrouge

Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer’s operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it’s still open for bids if a buyer is willing to take on its inventory and keep running its stores, court filings show.

1 month ago | cnbc.com | Gabrielle Fonrouge

Forever 21 filed for bankruptcy protection for the second time in six years on Sunday and blamed fast-fashion e-tailers Shein and Temu for its demise. The retailer's operating company is expected to cease all operations in the U.S. and has already begun liquidation sales at its more than 350 locations, but it's still open for bids if a buyer is willing to take on its inventory and keep running its stores, court filings show.

1 month ago | businessandamerica.com | Gabrielle Fonrouge

It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy for years despite prolonged inflation. On top of high interest rates and persistent inflation, CEOs are now grappling with how to handle new hurdles like on-again-off-again tariffs, mass government layoffs and worsening consumer sentiment.

1 month ago | cnbc.com | Gabrielle Fonrouge |Leslie Josephs

It's not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy for years despite prolonged inflation. On top of high interest rates and persistent inflation, CEOs are now grappling with how to handle new hurdles like on-again-off-again tariffs, mass government layoffs and worsening consumer sentiment.