A U.S. Navy sailor has been detained in Venezuela after traveling there unauthorized on personal business, raising questions about what exactly happened and why. The sailor was apprehended by Venezuelan authorities last week but the details remain murky. What we do know is that this isn't the first
In this business news roundup, Abercrombie & Fitch reports better-than-expected sales but sees a drop in stock price, Kohl's raises its full-year earnings outlook, Hyundai plans to double its hybrid car lineup, and more. Retail Abercrombie & Fitch's sales skyrocket, but investors remain unsatisfie
Foot Locker's Q2 2024 earnings report brought a breath of fresh air to the sneaker company, as it marked the first time in six quarters that comparable sales grew, reaching 2.6%. This positive trend surpassed analysts' expectations of a 0.7% uptick, and the gross margin expanded for the first time i
Target's recent sales surge, following the shutdown of several crime-ridden stores, has sparked conversations among retailers and policymakers. The retail titan's COO, Michael Fiddelke, credits the improvement to diminished 'inventory shrink,' a term that refers to losses resulting from shoplifting
Amidst the looming shadows of a recession, fund manager Sean Peche of Ranmore Fund Management has set his sights on an unlikely retail champion: French multinational Carrefour.Peche, the portfolio manager of the Ranmore Global Equity Fund, has emphasized Carrefour's defensive qualities and its poten
