Bath & Body Works Inc

In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime "queenpin" had built an empire.Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores across the country, authorities said. Police don't suspect that Mack, 53, took the items herself. Instead, they say, she pulled the strings from the shadows, employing a network of around a dozen women who stole the…

A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado.Brent Lewis | Denver Post | Getty ImagesBy striking down student debt forgiveness Friday, the U.S. Supreme Court not only added a hefty expense back into millions of Americans' budgets. It also created the latest challenge for retailers already struggling to predict how consumers may spend in the coming months.The court's decision squashed President Joe Biden's plan to forgive up to $20,000 per borrower in federal student loan debt. Student…

A Target department store in North Miami Beach, Florida, May 17, 2023.Joe Raedle | Getty ImagesMore grocery purchases, fewer ambitious do-it-yourself projects and last-minute splurges at the store.This week, some of the biggest retailers in the country reported earnings and described how their customers are shopping. As Home Depot, Target and Walmart reported their quarterly sales and shared full-year outlooks, the companies offered up the latest clues about the health of the American consumer and previewed what could be…

Bath & and Body Works entrance.Jeff Greenberg | Getty ImagesBath and Body Works' stock jumped more than 10% in premarket trading Thursday after it beat fiscal first quarter earnings expectations and raised its guidance. While sales and net income fell year over year, the retailer is now expecting full year 2023 earnings per share to be between $2.70 and $3.10, compared to the range of $2.50 to $3.00 given during the previous quarter. It expects adjusted earnings per share to be between $2.68 and $3.08 for the year.The…

Rafael Henrique | SOPA Images | LightRocket | Getty ImagesCheck out the companies making the biggest moves midday Wednesday:Roblox — Shares of the video game company skyrocketed more than 24% after the company reported $899.4 million in fourth-quarter bookings, surpassing the $875.3 million bookings expected by analysts, according to StreetAccount. CEO David Baszucki also said, "With 65 million daily active users in January, we are driving towards our vision to reimagine the way people come together by enabling deeper…

Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016.Roslan Rahman | AFP | Getty ImagesCheck out the companies making headlines in premarket trading.World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal.Bed Bath & Beyond — The retailer…

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018.Pual Yeung | Bloomberg | Getty ImagesCheck out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. With Wednesday's gain, the stock is up more than 11% for the week. Earlier this week, Wells Fargo named the stock a top tactical investing idea for the first quarter. The firm said Wynn's…

A shopper browses inside a Bath & Body Works store in Las Vegas, Nevada, U.S., on Sunday, Nov. 7, 2021.Bridget Bennett | Bloomberg | Getty ImagesCompany: Bath & Body Works (BBWI)Business: Bath & Body Works is a specialty retailer of home fragrance, body care, soaps and sanitizer products. In August 2021, Bath & Body Works (formerly known as L Brands) completed the separation of its Victoria's Secret business.Stock Market Value: $9.2B ($40.31 per share)Activist: Third PointPercentage Ownership: 6.02%Average…

The holiday shopping season got off to a solid start over the weekend, as Black Friday's online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe's online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. That's up 2.3% over last year and well above expectations of a 1% increase. But that's only one piece of the puzzle. In another early look report, traffic on Black Friday at brick-and-mortar retail stores rose about…

A runner jogs past Cisco Systems headquarters in San Jose, California, U.S., on Monday, Feb. 8, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in after-hour trading.Cisco – Shares jumped 4.8% after the maker of computer networking equipment beat expectations for its first-quarter earnings per share and revenue, according to StreetAccount. Cisco also issued second-quarter and full-year outlooks that showed those same indicators either matching or topping expectations. But Cisco…