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Netflix, Lululemon, DocuSign and more

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related investing news. after giving an upbeat revenue forecast and reporting better-than-expected quarterly results after the bell Thursday. These debtholders are joining together amid reports earlier this week that the company is looking to restructure its debt, the paper said. Broadcom — Broadcom gained 3.1%

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Four Things Walmart’s Strong Earnings Say About Retailing To A Pandemic World

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The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

Retail 88
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Neiman Marcus Obtains Access To $250M With DIP Financing

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The retailer said $250 million is available now and a further $150 million will be available as needed after Sept. The CEO continued, “This financing provides us with ample liquidity to ensure business continuity as we gradually reopen our stores, invest in fall inventory, and fund the expansion of our digital offerings.”.

Finance 52
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Gap Inc. Plans Big Channel Changes Amid Evolving Retail Landscape

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looks to improve the channel mix of its eponymous brand and shutter specialty stores, the retailer beat analysts’ earnings estimates but fell short on top-line revenues for the fourth quarter of 2018. The retailer reported revenues of $4.62 He added that Old Navy is one of the quickest-growing apparel retailers in the U.S.,

Retail 46
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Williams-Sonoma Tops Q4 Forecasts, Announces Leadership Changes

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The retailer said it had profit of $1.63 per share, according to an average estimate of 14 analysts surveyed by Zacks Investment Research. I am grateful to have had the opportunity to work with one of the most talented and inspiring teams in retail. per share and earnings of $1.55 billion in the period and a net income of $144.6

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Deutsche Bank, PNC Plan To Reduce Brick-And-Mortar Bank Branch Footprints

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As of last year, Deutsche has been undergoing a restructuring effort that encompasses a decrease of its balance sheet, 18,000 employment reductions by 2022 and less investment banking activity. The bank indicated the decision would save a forecast $4.3

Banking 84
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Debt Traps – And Bankruptcies – May Spread As A Coronavirus Side Effect

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The Wall Street Journal reports that certain verticals, such as retail and energy, had already been on relatively shaky ground with onerous debt loads before COVID-19 came to the fore. Marquee names in retail are in talks for bankruptcy financing, such as JCPenney, to the tune of $1 billion. Neiman Marcus may file.