United States

Retail continues wild ride as two big names experience different fortunes

Retailers have been toppling like dominoes, hit by a mix of sector woes and company-specific ills, but bright pockets are still out there. On Thursday, two well-known brands, high-end Ted Baker and discounter H&M, posted vastly different quarterly results, sending the stocks spiraling in opposite directions. High-end Brit-based fashion brand Ted Baker dove into the red and warned of continued deterioration amid price competition and consumers’ shift to online shopping. But Swedish juggernaut H&M saw its shares jump to their highest level in nearly two years as a popular summer collection buoyed third-quarter numbers. The results came several days after a massive casualty – a Chapter 11 filing by trendy Forever 21, which had close ...