At long last, after four years, the Federal Reserve has finally cut the Fed Funds rate by 50 basis points, bringing the target range down to 4.75% – 5%. Expectations suggest we’ll see another 50 basis points cut in 2024, with a total reduction of 100 basis points by the end of 2025. Fed Chair [...]read moreThe Biggest Concern After Fed Rate Cuts Is Not What You Think
Published September 11, 2024 ASOS’s news last week that it was selling majority control of Topshop and Topman and refinancing its debt appears to have had a very positive impact on its overall net debt position, it showed on Wednesday. Reuters In a stock exchange release, the fashion e-tail giant said that the net proceeds [...]read moreASOS cuts net debt load by £150 million
By Reuters Published Aug 30, 2024 Lululemon Athletica cut its annual sales and profit forecasts on Thursday, as demand for its pricey leggings and tank tops slowed in North America amid selective consumer spending. Lululemon Its shares swung between heavy losses and gains to settle 5% higher after the bell as the athleisure wear maker’s [...]read moreLululemon cuts annual forecasts on tepid US demand, slower product refresh
By Reuters Published Aug 29, 2024 Bath & Body Works cut its annual sales forecast on Wednesday, a sign of weaker demand for its pricey products such as fragrances and scented candles in the face of still-high inflation. Facebook Bath & Body Works Consumers, grappling with rising costs of living, are still cautious on spending [...]read moreBath & Body Works cuts annual sales forecast on tepid demand
By Reuters Published Aug 22, 2024 LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday, as consumers curb their spending on creams and make-up in the world’s No. 2 economy. Reuters Sephora, which sells largely high-end, or “prestige”, perfumes and make-up, previously had around 4,000 employees in the country, [...]read moreBeauty retailer Sephora cuts China jobs as market slumps
More job cuts and an order for staff to return to working in the office is the latest news from THG. The digital consumer brands group is set to axe 171 jobs, from an initial 581 positions at risk across six divisions, including beauty and nutrition. That means the company will have cut almost a [...]read moreTHG cuts more jobs, wants staff back in office
By Reuters Published Jul 16, 2024 German fashion house Hugo Boss on Monday cut its sales guidance for the year to a range of between 4.20 billion euros ($4.58 billion) to 4.35 billion euros over weakening global consumer demand especially in markets like China and the UK. See catwalkBoss – Fall-Winter2023 – 2024 – Womenswear [...]read moreHugo Boss cuts full year sales guidance over weaker demand in China, UK
Consolidation: A Key Trend In Retail Operations Many of today’s large retail organizations are focused on becoming leaner and more agile. After mixed results over the past couple of business quarters, retailers are entering the next quarter with the hope of driving stable growth quickly, and for many, the clearest path to that will be [...]read moreHow Tool Consolidation Cuts Expenses While Driving Revenue
Contract signings fell 7.7 percent between March and April to a score of 72.3 on the Pending Home Sales Index last month, according to data released Thursday by the National Association of Realtors. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, [...]read morePending Home Sales Fell In April But Expected Rate Cuts Offer Some Hope
In the face of backlash from proposed profit-sharing cuts, the franchisor’s leadership council is changing its tune. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Each week on The Download, Inman’s Christy [...]read moreKeller Williams’ Big Backpedal On Profit-Sharing Cuts: The Download