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Sales Slow at Louis Vuitton's Owner as China Sputters
LVMH Moët Hennessy Louis Vuitton, the world’s biggest luxury-goods company, struggled to lure big-spending Chinese consumers back to its boutiques after the end of China’s
Modelo Continues to Win Over Bud Light Drinkers
Constellation Brands CEO says the Mexican beer brand has more room for growth. Source link
Dick's Sporting Goods Blames Theft for Profit Woes
The retailer’s second-quarter earnings fell short of expectations and it incurred a fresh round of severance expenses from recent job cuts. Source link
Target Sales Are Punished by Pride Month Backlash
The retailer lowered profit goals for the year, and executives said they would modify the annual Pride Month promotion. Source link
Home Depot's Inflation Pressures Ease
CEO Ted Decker says costs are improving as suppliers demand fewer price increases. Source link
News Corp Swings to Loss Amid Revenue Drop, Book-Publishing Struggles
CEO says news publisher is in talks with AI companies to establish the value of its content. Source link
Disney to Significantly Raise Prices of Disney+, Hulu Streaming Services
The entertainment giant’s is raising the cost of the ad-free versions of Disney+ and Hulu by more than 20% each. Source link
Paramount to Sell Simon & Schuster to KKR for $1.62 Billion
The sale of the book publisher to the buyout firm comes less than a year after previous deal with Penguin Random House was blocked. Source
Tyson Foods Earnings: Stock Falls After Meat Company Reports $417 Million Loss
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Amazon Delivers Surprisingly Strong Profit
The earnings report shows strong growth in consumer e-commerce, balancing out a continued slowdown in cloud-computing sales. Source link