Author: Reuters
Bath & Body Works forecast a steeper decline in annual sales on Wednesday than anticipated by Wall Street, as budget-conscious shoppers pull back spending on its pricey scented candles and fragrances. Shares of the company, which lost nearly half of their value last year, were up about 5 percent premarket after reporting an upbeat holiday quarter.Consumers struggling to make ends meet owing to concerns around rising costs-of-living and weak labor market have cut back spending on expensive non-essentials, in turn hurting companies such as Bath & Body Works.Ohio-based Bath & Body Works expects full-year net sales to decline in the…
On Holding sees lower US tariff rates after the Supreme Court struck down the government’s emergency levies as a possible boost for the fast-growing Swiss sportswear brand, CEO Martin Hoffmann said on Tuesday as it delivered strong quarterly results.The company, which sells running shoes for $150 and up, forecast at least 23 percent sales growth in 2026 on a constant-currency basis — moderating from the 30 percent growth reported in 2025, but still outpacing bigger rivals Nike and Adidas.On shares, however, were down 11 percent in premarket trading amid broader market declines.The company sees annual profit margin increasing to at…
In Dubai and other major Middle Eastern shopping hubs, many stores are closed or operating with a skeleton staff as the escalating conflict in the region causes chaos for businesses and travel.The US-Israeli air war against Iran expanded on Monday with no end in sight, with Tehran firing missiles and drones at Gulf states as it retaliates for a weekend of bombing that killed Iran’s supreme leader and reportedly killed scores of Iranian civilians, including a strike on a girls’ primary school.Chalhoub Group, which runs 900 stores for brands from Versace and Jimmy Choo to Sephora across the region, said…
Nivea-maker Beiersdorf said on Monday it would launch a share buyback programme of up to 750 million euros ($877 million) over the next two years, and forecast its 2026 core operating margin, excluding special items, slightly below last year’s level.The German consumer goods group forecasts 2026 net sales to be flat to slightly growing on an organic basis, and 2026 earnings before interest and taxes margin excluding special factors to come in slightly below 2025. It cited raw material cost increases and unfavourable foreign exchange effects.The group added it expects the first quarter of 2026 to come in below the…
Iran’s retaliatory strikes across the Gulf have triggered the most widespread business disruption in the region since the Covid-19 pandemic, forcing airport closures, halting port operations and sending shockwaves through financial markets.The attacks, launched in response to a joint US-Israeli assault on Iran, landed across every major state in the Gulf, a region that has spent decades building its reputation as one of the world’s most reliable business hubs. Three people were killed by the attacks in the United Arab Emirates, and loud explosions were heard for a third day in Dubai and Abu Dhabi on Monday. The strikes marked…
Iran’s retaliatory strikes across the Gulf have triggered the most widespread business disruption in the region since the COVID-19 pandemic, forcing airport closures, halting port operations and sending shockwaves through financial markets.The attacks, launched in response to a joint US-Israeli assault on Iran, landed across every major state in the Gulf, a region that has spent decades building its reputation as one of the world’s most reliable business hubs. Three people were killed by the attacks in the United Arab Emirates, and loud explosions were heard for a third day in Dubai and Abu Dhabi on Monday. The strikes marked…
A Texas judge on Thursday rejected Kenvue’s bid to dismiss a lawsuit by state Attorney General Ken Paxton accusing the company of failing to warn consumers that it may be unsafe for pregnant women to take Tylenol.Judge LeAnn Rafferty in Panola County, Texas, near the Louisiana border, denied Kenvue’s request in a one-sentence order. Her reasoning was not immediately available.Paxton, a Republican, sued the Tylenol maker on October 28, accusing it of violating Texas’ Deceptive Trade Practices Act by hiding Tylenol’s supposed links to autism and attention deficit hyperactivity disorder in children.The claim that using Tylenol during pregnancy can cause…