slower Archives

Lululemon cuts annual forecasts on tepid US demand, slower product refresh

August 30, 2024 mpsingh No Comments Business Annual, cuts, demand, forecasts, Lululemon, product, refresh, slower, tepid

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

L’Oreal 2Q sales grow 5.3%, slower than forecast

July 30, 2024 mpsingh No Comments Business forecast, grow, LOreal, sales, slower

By Reuters Published Jul 30, 2024 French cosmetics giant L’Oreal reported a 5.3% rise in second-quarter sales, below expectations and likely further rattling investors already worried about the lack of rebound in the important Chinese market. The Paris-based company, which owns the Maybelline and Lancome brands, said on Tuesday that sales in the quarter reached [...]read moreL’Oreal 2Q sales grow 5.3%, slower than forecast

Anywhere reports losses during the slower winter season

April 25, 2024 mpsingh No Comments Real estate Anywhere, Brokerage, Corcoran Group Real Estate, earnings, losses, reports, Season, slower, Sotheby's International Realty, Winter

Anywhere Real Estate felt the brunt of the challenging housing market again in the first quarter of 2024 as the company reported a loss of $101 million during the three-month period. It generated $1.1 billion in revenue in the first quarter of 2024, which was flat on a year-over-year basis. But transaction volume increased by [...]read moreAnywhere reports losses during the slower winter season