Kohl’s Corp beat estimates for quarterly profit on Wednesday, as leaner inventories, lower costs and fewer discounts helped the department store chain counter a broader retail slowdown. Shares of Kohl‘s, which fell more than 10% on Tuesday, were up 3.5% as the company joined peer department store operator Macy’s to also back its 2023 forecasts….
NEW DELHI: Several Pakistani newspapers on Thursday carried front-page stories on India’s moon mission, a day after Chandrayaan-3 successfully landed on the lunar surface. Pakistani ministers and media figures referred to it as a noteworthy achievement for India’s space agency Isro. India on Wednesday became the fourth nation to successfully soft-land on the lunar surface…
NEW DELHI: Prime Minister Narendra Modi and Chinese President Xi Jinping were seen engaging in a brief interaction at the 15th Brics summit in Johannesburg.Before the conference started in earnest, the Prime Minister and the Chinese President were pictured having a brief conversation before taking their designated seats. Post the briefing, the two leaders were…
Hanoi: One of Vietnam’s largest shoemakers for brands such as Nike, Adidas and Reebok will cut jobs for the third time this year, state media said Wednesday, citing a lack of orders. The Southeast Asian country is among the world’s largest exporters of clothing, footwear and furniture but its economic growth has been slow in…
Representative Image Abercrombie & Fitch raised its annual sales forecast on Wednesday after its second-quarter results comfortably beat estimates on strong demand for latest fashion styles at its Abercrombie label and improved assortment at Hollister. Shares of the Ohio-based company jumped 15% in premarket trading. Abercrombie has been filling its shelves with a fresh collection…
If you have been following Russian politics, the death of Wagner chief Yevgeny Prigozhin in a plane crash may not come as an unexpected event. Many analysts have been speculating about the fate of Prigozhin from the day he led an armed rebellion against Russian forces.It’s no wonder that US President Joe Biden was not…
Sudhanshu Agarwal, Founder and CEO, Citykart New Delhi: Value retail store chain Citykart has reported a double-digit growth in Q1 sales this fiscal from its 93 stores across 7 states including UP, Bihar, Assam, Odisha, Tripura, MP, and Chattisgarh, as stated in a press release on Wednesday. Incorporating non-apparel categories such as footwear, luggage, cosmetics,…
NEW DELHI: Rajinikanth‘s immense fan base is a well-known fact, and his song ‘Kaavaalaa‘ from the movie ‘Jailer’ is currently gaining global popularity. Adding to the excitement, a group of young dancers, known as as ‘Hypers Kids Africa,’ grooved on the ‘Kaavaalaa’ song. In the video, these youngsters sport FC Barcelona jerseys, adding a unique…
Piyush Goyal Commerce and industry minister Piyush Goyal said the treatment of lab-grown diamonds as natural diamonds will help in promoting the growth of the sector and create jobs. “These are not artificial diamonds and they are now treated as equivalent to natural diamonds. They are considered gems. It’s a big thumbs up… it will…
Representative Image India’s government is likely to announce fiscal incentives for the ailing textile and apparel industry by the end of this year, partly to stave of the impact of a fall in overseas orders, a trade body said on Wednesday. The incentives could come under the production linked incentive (PLI) scheme that promises billions…
