JD Sports Fashion sees 2023 profit at the higher end of expectations after stronger Christmas sales
JD Sports Fashion PLC said Wednesday that it expects to report fiscal 2023 adjusted pretax profit toward the top end of market expectations after it booked a strong performance during the Christmas period. The sports-and-fashion retailer JD, +6.42% said that for the fiscal year ending Jan. 28 it expects to report adjusted pretax profit in […]
Powell’s in Sweden. Rates Will Likely Go Higher Still Despite Companies’ Pain.
Investors looking at Federal Reserve Chairman Jerome Powell’s speech at a conference at Sweden’s Riksbank Tuesday will be tempted to carefully parse his words for any hint as to when the interest-rate increases will stop. There will probably be less nuance to his remarks than first appears. Powell will certainly utter a few on-the-one-hand, and […]
Walgreens may have ‘cried too much last year’ about theft, CFO says
After worries in the retail world about a rise in theft, at least one company — Walgreens Boots Alliance Inc. — said it may have been overreacting. “ ‘Maybe we cried too much last year when we were hitting numbers that were 3.5% of sales.’ ” — James Kehoe, CFO of Walgreens The drugstore chain’s […]
Globalization is not dead, but it is facing a big tail-risk, expert says
Reports that globalization is dead are overstated, a top economist says. Conventional wisdom has it that globalization will suffer in the aftermath of the pandemic and Russia’s war in Ukraine. The Biden White House’s move to reshore manufacturing and to deny China access to advanced technologies are seen as further steps away from a robust […]
‘He is financially secure and owns two homes’: I finally met the man of my dreams, but he treated our waitress like dirt and tipped her 10%. Am I overreacting?
Dear Quentin, I’ll keep this short, as I don’t take any pleasure in reliving it. I have corresponded with a man for two months on a dating site that shall remain nameless (except to say it starts with T and ends in R). He had a very strong and decisive personality, which I liked, and […]
‘I can no longer be an executive at a high level’: Workers with disabilities, including long COVID, are finding their place as companies become more flexible
Dana Pollard started a new job at the end of 2022, after spending three years recovering from a 2019 stroke.Pollard, 56, lives in Fort Worth, Texas, with his wife. After the stroke, he could not recognize her. He couldn’t remember things, and one side of his body was partially paralyzed. After months of physical and […]
Macy’s stock slides as holiday lulls weigh on sales forecast and execs predict difficulties into 2023
Shares of Macy’s Inc. slid as much as 8% in after-hours trading on Friday after the department-store chain gave a more downbeat forecast on its fourth-quarter sales, with management citing big “lulls” in the holiday-shopping season and saying customers would likely feel the squeeze from inflation into next year. The chain issued the sales and […]
How a California cannabis company’s founder is tapping his deep roots in the business to navigate the legal market
Herbl Inc. CEO Mike Beaudry certainly knows the cannabis business as founder of the California-based distributor that provides marijuana to more than a thousand legal businesses in the state. While California supports the largest adult-use cannabis market in the U.S., it continues to face off against legacy — or illicit market — sellers as […]