Lily Meier

United States

Reporter at Bloomberg News

retail and future of work reporter @business former ESG. all views are my own.

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Articles

Gap CEO’s Turnaround Plan Was Working Until Trump’s Tariffs Derailed It

3 days ago | bloomberg.com | Amanda Mull |Lily Meier

When you’re inside the Gap Inc. headquarters, the grand promise of California stretches out to the horizon in every direction. The building is situated on an almost unfathomably valuable patch of real estate near the foot of the San Francisco-Oakland Bay Bridge where, between the building and the bridge, a giant bow and arrow sculpted by Claes Oldenburg and Coosje van Bruggen plunges down into the shore, as though an unseen Goliath is taking aim at China through the center of the Earth.
Victoria’s Secret Pressured by Second Investor Urging Change (4)

1 week ago | news.bloombergtax.com | Crystal Tse |Lily Meier

Victoria’s Secret & Co. is being targeted by another activist investor seeking a shake-up of its business. Barington Capital Group has built a stake of more than 1% in the lingerie retailer and is urging it to make changes to its board and strategy, according to a letter from the investor that was made public on Monday. Specifically, Barington is calling on the company to refocus on key categories, such as bras, while accelerating online and international growth and streamlining its operations.
Victoria’s Secret Pressured by Second Investor Urging Change (3)

1 week ago | news.bloomberglaw.com | Crystal Tse |Lily Meier

Victoria’s Secret & Co. is being targeted by another activist investor seeking a shake-up of its business. Barington Capital Group has built a stake of more than 1% in the lingerie retailer and is urging it to make changes to its board and strategy, according to a letter from the investor that was made public on Monday. Specifically, Barington is calling on the company to refocus on key categories, such as bras, while accelerating online and international growth and streamlining its operations.
Un nuevo inversor busca sacudir a Victoria’s Secret frente a su mayor competencia Skims

1 week ago | bloomberglinea.com | Crystal Tse |Lily Meier |David Morris

Bloomberg — Victoria’s Secret & Co. (VSCO) está en el punto de mira de otro inversor activista que busca una sacudida del negocio, según una persona familiarizada con el asunto. Barington Capital Group ha creado una participación en el minorista de lencería y planea instarle a realizar cambios en su consejo y en su estrategia, dijo la persona, que pidió no ser identificada porque la información era privada.
Victoria’s Secret Pressured by Second Investor Urging Change

1 week ago | bloomberg.com | Crystal Tse |Lily Meier

(Bloomberg) -- Victoria’s Secret & Co. is being targeted by another activist investor seeking a shake-up of its business. Barington Capital Group has built a stake of more than 1% in the lingerie retailer and is urging it to make changes to its board and strategy, according to a letter from the investor that was made public on Monday.
Dollar Tree Warns of Looming Profit Hit From Trump Tariffs (4)

3 weeks ago | news.bloombergtax.com | Lily Meier

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Dollar Tree Warns of Looming Profit Hit, Shares Decline (1)

3 weeks ago | news.bloomberglaw.com | Lily Meier

Dollar Tree Inc. warned investors that its second quarter profit could be down as much as 50% from from a year ago as it deals with increased tariff-related costs and a strained consumer. The company reported revenue of $4.6 billion, and same-store sales growth of 5.4%, both ahead of what analysts anticipated. It also said adjusted earnings per share this quarter might drop as much as 50% from a year earlier, citing the timing of costs without giving specifics.
Dollar Tree Warns of Looming Profit Hit From Trump Tariffs

3 weeks ago | bloomberg.com | Lily Meier

A shopper inside a Dollar Tree store in Alhambra, California. (Bloomberg) -- Dollar Tree Inc. warned investors that its second-quarter profit could be down as much as 50% from a year ago as it deals with tariff-related costs. The retailer said the timing of expenses will weigh on adjusted earnings per share, including paying 145% levies on some products from China. The chain then expects profit to “re-accelerate” in the remainder of the year.
Victoria’s Secret says security incident that shut down website may hurt results

3 weeks ago | ocregister.com | Lily Meier

By Lily Meier | BloombergVictoria’s Secret & Co. said a security incident that caused it to shut down its e-commerce site may hurt results for the current quarter. “The company continues to assess the full scope and impact of the incident,” the retailer said in a statement. In response to the incident, the apparel chain took its e-commerce operation offline for three days last week. The company generated about a third of sales from digital channels last year.
Dollar General Jumps Most Since 2022 After Raising Forecast (2)

3 weeks ago | news.bloombergtax.com | Lily Meier

Dollar General Corp. surged after increasing its annual guidance following a first quarter that topped projections. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place. The company sees same-store sales gaining as much as 2.5% this fiscal year, up from guidance in March calling for an increase as high as 2.2%. The retailer also nudged up expectations for earnings per share.