Retail

Ocado share price is slowly forming a double top pattern

September 08, 2023 01:10 AM AEST| By Invezz

Ocado (LON: OCDO) share price rally has lost momentum in the past few days. After surging to a high of 1,020p on July 27th, the shares dropped by more than 21%. This means that the stock has moved into a bear market. Ocado fights to gain market share...

GameStop comes in ahead of Street estimates in its fiscal Q2

September 07, 2023 07:34 AM AEST| By Invezz

GameStop Corp (NYSE: GME) jumped roughly 10% in extended trading after reporting better-than-expected results for its fiscal second quarter. GameStop second-quarter financial highlights GameStop ended its second quarter with nearly $1.20 billion wort...

Walgreens (WBA) stock: Is the worst Dow Jones constituent a buy?

September 06, 2023 08:28 PM AEST| By Invezz

Walgreens Boots Alliance (NASDAQ: WBA) has had an outstanding crash in the past few years, making it the worst-performing Dow Jones company. While the Dow Jones and S&P 500 indices have risen by double digits this year, WBA is languishing at the...

Boohoo share price sits and waits for October 3

September 05, 2023 11:25 PM AEST| By Invezz

Boohoo (LON: BOO) share price sell-off continued on Tuesday as demand for the fast fashion group remained muted. The stock retreated to the important support at 35p, lower than this week’s high of 39.68p. Unloved and unwanted Boohoo, a leading...

‘Unattractive risk reward’ – JPM warns about Tesco share price

September 05, 2023 07:29 PM AEST| By Invezz

Tesco (LON: TSCO) share price retreated by more than 2% on Tuesday after a new downgrade by analysts at JP Morgan. The stock plunged to a low of 255.8p, much lower than last week’s high of 268p. Headwinds remain Tesco stock price has recently lost mo...

Walgreens names industry veteran its interim CEO as Roz Brewer steps down

September 02, 2023 12:59 AM AEST| By Invezz

Roz Brewer has stepped down as the Chief Executive of Walgreens Boots Alliance Inc (NASDAQ: WBA). Shares of the retail pharmacy chain are down another 4.0% this morning. Walgreens names Graham its interim CEO The multinational has already started loo...

Lululemon Q2 earnings: ‘company strategy is going in the wrong direction’

September 01, 2023 07:16 AM AEST| By Invezz

Shares of Lululemon Athletica Inc (NASDAQ: LULU) are slightly up in extended trading after the retailer reported market-beating results for its fiscal second quarter. Notable figures in Lululemon’s Q2 earnings release Gross margin stood at 58.8...

Kylie Jenner is reportedly considering breaking up with Coty Inc

September 01, 2023 04:27 AM AEST| By Invezz

Kylie Jenner is reportedly interested in regaining full ownership of her cosmetics company. Coty has a majority stake in Kylie Cosmetics The socialite and media personality had sold 51% of Kylie Cosmetics to the New York-based Coty Inc (NYSE: COTY) f...

Lululemon stock price forecast and earnings preview: buy or sell?

August 31, 2023 02:00 PM AEST| By Invezz

Lululemon Athletica (NASDAQ: LULU) stock price has been in a tight range in the past few months. After peaking at $395 on August 11th, the shares retreated to the current $376. In all, LULU shares have jumped by more than 30% from the lowest level th...

Natura & Co may soon offload The Body Shop

August 29, 2023 08:30 AM AEST| By Invezz

Natura & Co (NYSE: NTCO) is considering offloading “The Body Shop” – its world-famous brand of skincare and cosmetic products. Sales at The Body Shop have continued to decline The Body Shop is having a difficult time maintaining...

Watches of Switzerland share price: irrational sell-off, buy the dip

August 26, 2023 06:18 PM AEST| By Invezz

Watches of Switzerland (LON: WOSG) share price made a catastrophic plunge on Friday as investors reacted to the latest M&A in the industry. The shares dropped by more than 20% and reached the lowest level since 2020. They have fallen by over 65%...

Rolex news sends Watches of Switzerland stock down 25%

August 26, 2023 12:27 AM AEST| By Invezz

Rolex just revealed plans of buying Bucherer – the world’s largest luxury watch retailer. What it’s spending on the said acquisition remains unknown, though. Why is it bad for Watches of Switzerland stock? Bucherer has a footprint o...

Dollar Tree stock slides 11% despite better-than-expected Q2 results

August 25, 2023 12:27 AM AEST| By Invezz

Shares of Dollar Tree Inc (NASDAQ: DLTR) are down 11% this morning after the discount retailer reported a significant year-on-year decline in its earnings for the second quarter. Dollar Tree stock down on guidance The stock is being punished also bec...

Walmart reports solid eCommerce sales for Q2: ‘it’s gaining share from Amazon’

August 18, 2023 12:26 AM AEST| By Invezz

Walmart Inc (NYSE: WMT) had a strong second quarter as it continued to gain share in groceries resulting in strong food sales. Walmart’s guidance for the future Shares of the retail behemoth opened slightly up today on guidance that was roughly...

Tapestry stock sell-off extends as quarterly revenue slips

August 17, 2023 09:35 PM AEST| By Invezz

Tapestry (NYSE: TPR), the parent company of Coach, Kate Spade, and Stuart Weitzman, published weaker-than-expected results. Its revenue dropped slightly from $1.62 billion in Q2’22 to $1.61 billion. Its cost savings measures helped its net prof...

Target lowers its full-year sales guidance: ‘stock has hit the low’

August 17, 2023 12:35 AM AEST| By Invezz

Target Corp (NYSE: TGT) saw its sales decline in the second quarter even though consumer remained strong and a bunch of economists took a step back from their forecast of a looming recession. Target expects a sales decline this year Inflation has con...

What made Marks and Spencer stock jump 8.0% on Tuesday?

August 16, 2023 07:06 AM AEST| By Invezz

Shares of Marks and Spencer Group Plc (LON: MKS) ended nearly 8.0% up on Tuesday after the retailer raised its profit outlook for the full year. Marks and Spencer stock up on raised profit outlook The multinational agreed that macro-outlook remains u...