Tag #Retail

Showing 121 to 132 of 509 results

dailymail.co.uk

🌐 90% Global Worthiness

Jun 6, 16:12

DragonForce Claims Responsibility for £300 Million M&S Cyberattack

The DragonForce hacking group claimed responsibility for a £300 million cyberattack on Marks & Spencer, encrypting servers, stealing customer data (excluding payment details), and disrupting online operations for six months; the attack was reportedly launched via a compromised employee account from ...

DragonForce Claims Responsibility for £300 Million M&S Cyberattack

The DragonForce hacking group claimed responsibility for a £300 million cyberattack on Marks & Spencer, encrypting servers, stealing customer data (excluding payment details), and disrupting online operations for six months; the attack was reportedly launched via a compromised employee account from ...

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How did the hackers gain access to M&S systems, and what security vulnerabilities were exploited?

The M&S cyberattack highlights the increasing sophistication and global reach of ransomware groups like DragonForce. The hackers' use of a compromised employee account to send a threatening email demonstrates their ability to infiltrate organizations' internal systems, causing significant financial and operational damage. The incident underscores the need for robust cybersecurity measures across all sectors.

smh.com.au

🌐 65% Global Worthiness

Jun 5, 10:14

Toys 'R' Us ANZ Suspended from ASX Amidst Insolvency

Toys 'R' Us Australia and New Zealand, an online-only toy retailer, has been suspended from the ASX after appointing administrators for the second time due to insolvency, following years of losses and declining revenue, resulting in a $19.4 million loss in fiscal 2024.

Toys 'R' Us ANZ Suspended from ASX Amidst Insolvency

Toys 'R' Us Australia and New Zealand, an online-only toy retailer, has been suspended from the ASX after appointing administrators for the second time due to insolvency, following years of losses and declining revenue, resulting in a $19.4 million loss in fiscal 2024.

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What are the immediate consequences of Toys 'R' Us ANZ's suspension from the ASX and appointment of administrators?

Toys 'R' Us Australia and New Zealand, operating online since 2018, has been suspended from the Australian Securities Exchange (ASX) after appointing administrators for the second time. This follows years of consecutive losses, culminating in a $19.4 million loss in fiscal 2024 and a significant revenue drop from $37.9 million in 2023 to just $7.7 million in 2024. The company's attempts at restructuring failed, leading to the insolvency announcement.

bbc.com

🌐 85% Global Worthiness

Jun 3, 13:13

The North Face and Cartier Report Customer Data Breaches Amidst Wave of Retail Cyberattacks

In April, The North Face experienced a "small-scale" credential stuffing attack, exposing customer names, emails, addresses, and purchase history, while Cartier faced a system breach exposing limited client information; both incidents follow a wave of recent cyberattacks on major retailers, causing ...

The North Face and Cartier Report Customer Data Breaches Amidst Wave of Retail Cyberattacks

In April, The North Face experienced a "small-scale" credential stuffing attack, exposing customer names, emails, addresses, and purchase history, while Cartier faced a system breach exposing limited client information; both incidents follow a wave of recent cyberattacks on major retailers, causing ...

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How do the recent cyberattacks on major retailers reflect broader trends in cybersecurity threats?

These attacks follow a recent surge in cyberattacks targeting major retailers, including Adidas, Victoria's Secret, Harrods, Marks & Spencer, and the Co-op. The breaches demonstrate the vulnerability of large retailers to sophisticated hacking techniques like credential stuffing, highlighting the need for enhanced security measures and password management practices. The financial impact on businesses can be significant, as shown by M&S's projected £300 million profit reduction.

forbes.com

🌐 75% Global Worthiness

Jun 3, 16:14

Dollar General Q1 Earnings Forecast: 10% EPS Decline, 4% Revenue Increase

Dollar General is set to announce its fiscal first-quarter earnings on June 3, 2025, with analysts forecasting a 10% year-over-year decline in earnings per share to $1.49 and a 4% revenue increase to $10.29 billion; historically, DG stock has decreased 74% of the time following earnings announcement...

Dollar General Q1 Earnings Forecast: 10% EPS Decline, 4% Revenue Increase

Dollar General is set to announce its fiscal first-quarter earnings on June 3, 2025, with analysts forecasting a 10% year-over-year decline in earnings per share to $1.49 and a 4% revenue increase to $10.29 billion; historically, DG stock has decreased 74% of the time following earnings announcement...

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No Poverty

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What are the primary factors contributing to Dollar General's recent decline in profitability, and how does this impact its future growth prospects?

The company's decreased profitability stems from a 53% year-over-year plunge in fourth-quarter earnings per share and surplus inventory issues. While the company anticipates a 3.4% to 4.4% increase in net sales for the current fiscal year, same-store sales are projected to rise by only 1.2% to 2.2%, indicating inconsistent growth.

dailymail.co.uk

🌐 85% Global Worthiness

May 30, 01:12

Victoria's Secret Suffers Major Cyberattack, Website Shut Down

Victoria's Secret temporarily shut down its website and some in-store services after a major cyberattack, impacting online orders and causing corporate employees to be furloughed; the company's shares dropped seven percent.

Victoria's Secret Suffers Major Cyberattack, Website Shut Down

Victoria's Secret temporarily shut down its website and some in-store services after a major cyberattack, impacting online orders and causing corporate employees to be furloughed; the company's shares dropped seven percent.

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What is the immediate impact of the cyberattack on Victoria's Secret's operations and its customers?

Victoria's Secret, a global retailer, experienced a major cyberattack that forced the temporary shutdown of its website and some in-store services. The company is working with third-party experts to resolve the issue and restore operations. This caused corporate employees to be temporarily furloughed, raising concerns about payroll.

forbes.com

🌐 65% Global Worthiness

May 30, 16:12

Abercrombie & Fitch Q1 Earnings Beat Expectations, But Stock Retreats on 2025 Guidance

Abercrombie & Fitch's Q1 2025 earnings exceeded expectations ($1.59 EPS, $1.1B revenue), but the stock price fell due to concerns over reduced 2025 guidance (EPS $9.50-$10.50, margins 12.5%-13.5%) and $50 million in tariff expenses, despite strong growth from 2021-2024 driven by brand relaunches and...

Abercrombie & Fitch Q1 Earnings Beat Expectations, But Stock Retreats on 2025 Guidance

Abercrombie & Fitch's Q1 2025 earnings exceeded expectations ($1.59 EPS, $1.1B revenue), but the stock price fell due to concerns over reduced 2025 guidance (EPS $9.50-$10.50, margins 12.5%-13.5%) and $50 million in tariff expenses, despite strong growth from 2021-2024 driven by brand relaunches and...

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What are the long-term implications of the tariff expenses and revised 2025 guidance for Abercrombie & Fitch's growth trajectory and stock valuation?

Abercrombie & Fitch's future performance hinges on its ability to manage tariff expenses and maintain growth amid macroeconomic uncertainty. The revised 2025 guidance reflects these challenges. The stock's current low P/E ratio may present an opportunity for investors, but risks remain.

forbes.com

🌐 75% Global Worthiness

Jun 6, 16:13

Casey's General Stores (CASY) Q4 Earnings Preview: Expected Decline Despite Revenue Growth

Casey's General Stores (CASY) is expected to announce fiscal fourth-quarter earnings of $1.95 per share on $3.95 billion in revenue on June 9th, 2025, reflecting a 17% year-over-year earnings decrease but a 10% sales increase; historically, the stock has dipped 65% of the time after such announcemen...

Casey's General Stores (CASY) Q4 Earnings Preview: Expected Decline Despite Revenue Growth

Casey's General Stores (CASY) is expected to announce fiscal fourth-quarter earnings of $1.95 per share on $3.95 billion in revenue on June 9th, 2025, reflecting a 17% year-over-year earnings decrease but a 10% sales increase; historically, the stock has dipped 65% of the time after such announcemen...

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How does the recent acquisition of Fikes Wholesale impact Casey's overall financial health and future growth prospects?

The upcoming earnings announcement for CASY presents a mixed picture. While revenue growth is positive, a significant decline in earnings per share is anticipated. This decrease is partially offset by strong EBITDA growth and the recent acquisition of Fikes Wholesale, showcasing robust profitability despite integration challenges. Historically, post-earnings stock performance has been negative.

nbcnews.com

🌐 85% Global Worthiness

Jun 4, 04:14

Dollar General Q1 Earnings Beat Expectations, Stock Surges 16%

Dollar General's first-quarter earnings surpassed expectations, with $1.78 EPS against $1.48 projected and $10.44 billion in revenue exceeding $10.31 billion expected, driven by increased spending from middle- and higher-income shoppers seeking value amid tariff concerns, leading to a 16% stock surg...

Dollar General Q1 Earnings Beat Expectations, Stock Surges 16%

Dollar General's first-quarter earnings surpassed expectations, with $1.78 EPS against $1.48 projected and $10.44 billion in revenue exceeding $10.31 billion expected, driven by increased spending from middle- and higher-income shoppers seeking value amid tariff concerns, leading to a 16% stock surg...

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No Poverty

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What is the primary reason behind Dollar General's significant stock surge and exceeding first-quarter expectations?

Dollar General exceeded first-quarter expectations, reporting $1.78 earnings per share against the expected $1.48 and $10.44 billion in revenue versus the projected $10.31 billion. This success is attributed to an increase in middle- and higher-income shoppers seeking value amid tariff-related economic anxieties, resulting in a nearly 16% stock jump.

dailymail.co.uk

🌐 85% Global Worthiness

Jun 3, 19:18

Cartier and North Face Report Customer Data Breaches

Luxury jewellery firm Cartier and outdoor retailer The North Face confirmed data breaches affecting customer names and email addresses; other retailers including Marks & Spencer, Co-op, Harrods, Dior, Adidas and Victoria's Secret also recently experienced similar attacks.

Cartier and North Face Report Customer Data Breaches

Luxury jewellery firm Cartier and outdoor retailer The North Face confirmed data breaches affecting customer names and email addresses; other retailers including Marks & Spencer, Co-op, Harrods, Dior, Adidas and Victoria's Secret also recently experienced similar attacks.

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What is the immediate impact of these cyberattacks on affected retailers and their customers?

Cartier and The North Face, both victims of recent cyberattacks, saw customer data including names and email addresses stolen. Cartier's systems were temporarily accessed, while The North Face experienced a smaller attack using 'credential stuffing'. Neither breach involved financial details.

forbes.com

🌐 85% Global Worthiness

Jun 1, 16:13

US Retail Giants Report Minimal Tariff Impact in Q1 2025, but Future Uncertainty Remains

The five largest US retailers—Walmart, Amazon, Costco, Kroger, and Home Depot—reported minimal impact from tariffs on their Q1 2025 earnings; however, they are proactively managing inventory and diversifying supply chains to mitigate future price increases, particularly for holiday sales.

US Retail Giants Report Minimal Tariff Impact in Q1 2025, but Future Uncertainty Remains

The five largest US retailers—Walmart, Amazon, Costco, Kroger, and Home Depot—reported minimal impact from tariffs on their Q1 2025 earnings; however, they are proactively managing inventory and diversifying supply chains to mitigate future price increases, particularly for holiday sales.

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How are retailers mitigating the potential negative effects of tariffs on pricing and product availability?

Facing tariffs, these retailers are employing various strategies. Walmart and Home Depot emphasize maintaining competitive pricing via stronger supplier relationships and productivity improvements. Grocery chains aim to shield food prices from tariff pressures, prioritizing non-discretionary items.

elpais.com

🌐 75% Global Worthiness

May 30, 04:11

Gap Inc. Faces $300 Million Trade War Hit

Gap Inc. projects a $250-300 million increase in costs due to US tariffs, impacting its operating income despite a 2.2% sales increase in Q1; stock fell 15% after-hours.

Gap Inc. Faces $300 Million Trade War Hit

Gap Inc. projects a $250-300 million increase in costs due to US tariffs, impacting its operating income despite a 2.2% sales increase in Q1; stock fell 15% after-hours.

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What is the immediate financial impact of the US-China trade war on Gap Inc., and what are the implications for investor confidence?

Gap Inc. reported disappointing results, with a potential $250-300 million increase in costs due to the US-China trade war. Despite a 2.2% increase in first-quarter sales, the company's stock plummeted 15% after-hours. This significant drop highlights the considerable impact of trade uncertainties on businesses.

us.cnn.com

🌐 85% Global Worthiness

May 29, 01:13

Victoria's Secret Website Outage Impacts Sales, Stock Price

Victoria's Secret's US website suffered a major security incident starting at least Monday, causing a prolonged outage affecting online sales and resulting in a drop in the company's stock price. Third-party experts are investigating the incident, which highlights the growing sophistication of cyber...

Victoria's Secret Website Outage Impacts Sales, Stock Price

Victoria's Secret's US website suffered a major security incident starting at least Monday, causing a prolonged outage affecting online sales and resulting in a drop in the company's stock price. Third-party experts are investigating the incident, which highlights the growing sophistication of cyber...

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Industry, Innovation, and Infrastructure

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What is the immediate financial impact of Victoria's Secret's website outage, considering its reliance on online sales?

Victoria's Secret's US website experienced a prolonged security incident, resulting in a site-wide outage and impacting online sales, a crucial revenue stream for the company. Shares fell following the announcement. The incident began at least as early as Monday.

Showing 121 to 132 of 509 results