Savyata Mishra

1 week ago | msn.com | Savyata Mishra

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1 week ago | ca.finance.yahoo.com | Savyata Mishra

(Reuters) - Gap (GAP) shares fell 20% in early trading on Friday after the Old Navy owner warned that U.S. tariffs would squeeze this year's profit, even as the apparel maker aims to soften the blow by diversifying its supply chain and investing in U.S. cotton. The company reaffirmed its annual forecasts that did not include tariff-related costs but flagged expenses of up to $300 million, which analysts said would weigh on Gap's margins through the second half of the year and into 2026.

1 week ago | marketscreener.com | Savyata Mishra

Published on 05/29/2025 at 07:14, updated on 05/29/2025 at 09:41 (Reuters) - Best Buy slashed its full-year comparable sales and profit forecasts on Thursday amid concerns that U.S. tariffs would weigh on consumer demand for big-ticket items such as appliances, gaming consoles and home theaters. American households are in limbo as they battle higher borrowing costs, with tariffs now fueling concerns of prices surging on everything from toys to groceries and sneakers.

1 week ago | radiousa.com | Savyata Mishra

By Savyata Mishra(Reuters) – Kohl’s could scrap its annual forecasts on Thursday when the U.S. department store chain reports quarterly earnings, analysts said, as the abrupt ouster of its top boss adds to its challenges against the backdrop of pressure from tariffs. CEO Ashley Buchanan, hired in January and tasked with reviving an extended slump in sales, was fired earlier this month for steering business to a vendor with whom he had a personal relationship.

1 week ago | kfgo.com | Savyata Mishra

By Savyata Mishra(Reuters) – Kohl’s could scrap its annual forecasts on Thursday when the U.S. department store chain reports quarterly earnings, analysts said, as the abrupt ouster of its top boss adds to its challenges against the backdrop of pressure from tariffs. CEO Ashley Buchanan, hired in January and tasked with reviving an extended slump in sales, was fired earlier this month for steering business to a vendor with whom he had a personal relationship.