Author: Hannah Cole
Hannah Cole
Hannah reads earnings reports the way other people read tabloids — for the drama hiding in the fine print of same-store sales figures. She covers the retail and consumer goods sector, tracking everything from supply chain shifts to the shopping habits reshaping big-box chains. Raised outside London before relocating to the US for journalism school, she brings a transatlantic eye to consumer trends on both sides of the pond. Thrifting is less a hobby than a professional obligation, she'll tell you.
WASHINGTON [Report]: American Eagle Outfitters shares fell about 11% on Thursday after the apparel retailer projected flat quarterly gross margins, raising concerns that heavier discounting and softer demand could put pressure on profitability. The company maintained its full-year comparable sales forecast on Wednesday even as it reported better-than-expected revenue for the second quarter. However, the margin outlook highlighted ongoing challenges in managing inventory and consumer demand. Apparel spending has remained uneven as inflation continues to influence household budgets. Many shoppers are prioritizing essential purchases and waiting for promotions before buying clothing, contributing to a roughly 36% decline in American Eagle…
CALIFORNIA (Agency Report): Apple is preparing for a pivotal product launch as new CEO John Ternus faces pressure to demonstrate that the company can remain a hardware innovator while closing the gap with rivals in artificial intelligence. At its headquarters in Cupertino, California, Apple is expected to unveil a foldable iPhone that opens like a passport, potentially giving the company a powerful entry into a market that has so far been led by competitors including Samsung, Google and Huawei. Analysts expect the device to cost more than $2,500, putting it firmly in the premium segment. Despite the anticipated price, analysts…
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