Lauren Thomas
CNBC
New York, NY, United States
Contact Lauren
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Recent articles by Lauren:
Gap shares fall 13% after retailer slashes profit guidance for the year
The lower-income consumer, which is Old Navy's target customer, is starting to feel pinched by inflation, Chief Executive Officer Sonia Syngal told CNBC. → Read More
Macy’s raises 2022 profit outlook despite uncertain retail landscape as first-quarter earnings beat
Macy's reaffirmed its fiscal 2022 sales outlook and raised its profit guidance, expecting stronger credit card revenue for the remainder of the year. → Read More
Kohl's stock surges on report bidders are still competing for company amid market volatility
Kohl's shares surged on hopes that the retailer could still be bought amid a volatile market and a recent disappointing earnings report. → Read More
Dick's Sporting Goods shares sink over 18% after retailer cuts outlook for the year, joining broader retail trend
Dick's cut its financial forecast for the fiscal year, as it contends with high inflation and supply chain problems. → Read More
Nordstrom raises full-year outlook as first-quarter sales top expectations
CEO Erik Nordstrom said the company has been able to capitalize on demand from people who are shopping for "long-awaited occasions." → Read More
Allbirds to start selling its shoes in select Nordstrom department stores
Starting June 1, a selection of Allbirds shoes, including its signature wool sneakers, will be available for sale in 14 Nordstrom locations. → Read More
Abercrombie shares fall over 10% after retailer posts loss, offers weak outlook
A person carries a bag from the Abercrombie & Fitch store on Fifth Avenue in New York City, February 27, 2017. Andrew Kelly | Reuters Abercrombie & Fitch shares tumbled more than 10% in premarket trade Tuesday after the retailer reported an unexpected loss in its fiscal first quarter, with freight and product costs weighing on sales. Abercrombie also slashed its sales outlook for fiscal… → Read More
Kohl's says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss
Kohl's joins a growing list of major retailers that have seen logistics and staffing expenses eat into profits amid 40-year-high inflation. → Read More
Kohl's says two top executives are leaving, as company seeks buyer
Kohl's said it's losing two of its top executives, as the retailer searches for a potential buyer amid pressure from activists to sell the business. → Read More
Bath & Body Works shares fall as retailer cuts profit outlook due to inflation
Bath & Body Works cut its profit outlook for the year, in part due to expected increases in inflationary pressures. → Read More
Under Armour CEO Patrik Frisk to step down, interim chief to take over June 1
Under Armour said its president and chief executive officer, Patrik Frisk, will be stepping down, effective June 1. → Read More
Here's what Walmart, Target, Home Depot and Lowe's tell us about the state of the American consumer
Four major retailers — Walmart, Target, Home Depot and Lowe's — reported quarterly financial results this week. → Read More
Coach owner Tapestry cuts profit outlook as China lockdowns dent demand
Coach owner Tapestry trimmed its profit outlook for the fiscal year 2022 as lockdowns in China are poised to dent consumer demand. → Read More
Peloton took $182 million impairment charge last quarter as inventories piled up
Peloton's took a $182 million hit in its previous fiscal quarter as inventory levels ballooned and consumer demand for its bikes and treadmills waned. → Read More
Kohl's shareholders vote to keep current slate of directors despite activist pressure
The shareholder meeting took place as activist firm Macellum Advisors has been pushing for Kohl's to revamp its slate of directors. → Read More
Peloton CEO says he was surprised by how deep some issues ran at the company
"The nature of turnarounds is they are full of surprises," Peloton CEO Barry McCarthy told analysts on Tuesday, during his first conference call at the company. → Read More
Peloton is set to report third-quarter results before the bell
Peloton is set to report its fiscal third-quarter results Tuesday before the market open amid a plummeting share price. → Read More
New Peloton CEO will be under harsh scrutiny when the company reports earnings this week
Peloton is expected to report a per-share loss for its fiscal third quarter as revenue falls from year-ago levels. → Read More
Couples cut wedding expenses as inflation and demand make walking down the aisle pricier
Couples are getting creative to save money, while wedding vendors continue to face supply chain headwinds leading to shortages. → Read More
Peloton shares hit all-time low as pressure mounts under new CEO Barry McCarthy
Peloton shares tumbled to an all-time low Friday as investors lose hope that the connected fitness equipment maker can turn itself around. → Read More