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FedEx cutting costs, withdraws 2023 guidance after first-quarter shipments disappoint

FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume…

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GameStop reports wider loss, announces partnership with crypto exchange FTX

SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video…

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Business

Best Buy’s quarterly sales drop, as inflation-weary consumers pull back on spending

Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy…

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Gap withdraws 2022 financial outlook as Old Navy sales fall in second quarter

A Gap Inc. employee works in a San Francisco store. Getty Images Gap Inc. on Thursday withdrew its financial outlook…

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Here’s how Peloton CEO Barry McCarthy’s turnaround plan is going

Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019.…

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Business

Peloton reports big loss, decline in revenue as the company grinds through its turnaround plan

A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images…

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Business

Macy’s cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending

Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will…

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Business

Walmart earnings beat estimates as retailer sees robust growth in grocery and online sales

Walmart on Tuesday reported first-quarter earnings that surged past Wall Street’s estimates as the company reported strong grocery sales and…

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Business

Macy’s shares rise after retailer reports surprise profit, hikes full-year outlook

People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Spencer…

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Business

Peloton sales surge 141% as delivery pressures ease, recall to lower fourth-quarter sales by $165 million

A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in…

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