Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Shares of Abercrombie & Fitch rose after clothing retailer reported a quarterly gain on Thursday morning and an impressive 56% online revenue growth during the coronavirus pandemic. The …
Read More »Starbucks to Vote for Employees and Customers to Vote on Election Day
Starbucks said Thursday that it will ensure its baristas do not have to choose between working and voting as part of a non-partisan push to increase turnout on election day despite the coronavirus pandemic. The coffee chain has long advocated for its employees and customers to exercise civic engagement and …
Read More »How Coach owns Tapestry does it better online than other retailers
Buyers walk past a Coach outlet store. Luke Sharrett | Bloomberg | Getty Images Coach and Kate Spade owner Tapestry said Thursday that online sales in the last four years increased a three-digit percentage from a year ago as consumers sat at home during the coronavirus pandemic to their websites …
Read More »Tapestry (TPR) Q4 2020 revenue beat expectations
Coach and Kate Spade owner Tapestry reported a slower-than-expected loss Thursday, as a strong online business helped offset the impact of closed stores during the coronavirus pandemic. The company said it will cut spending and shift its focus to digital growth as part of a turnaround plan. It said e-commerce …
Read More »IBM, Coca-Cola, Wells Fargo, Devon Energy and more
A bottle of Coca-Cola Light is removed for a quality control test at a Coco-Cola bottling plant in Salt Lake City, Utah. George Frey | fake pictures Take a look at the companies that make headlines in the midday trade. Coca-Cola – Coca-Cola gained 2.5% after the beverage giant gave …
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