Hooker Furnishings earned $1.7 million in fiscal Q2 despite an 8.7% sales decline, with tariff recoveries boosting margins as the company kept a cautious demand outlook.
The disposal gives Ageas a €464 million net capital gain after tax and leaves Maybank with full ownership of the Etiqa holding company.
Nasdaq Ventures agreed to invest $100 million in Payward, the parent of Kraken, while the companies widened their tokenized-equities work and added a market-surveillance agreement.
Companywide comparable sales rose 2.7% in the second quarter, led by double-digit growth at Bloomingdale’s, as Macy’s lifted its sales and earnings guidance for 2026.
Designer Brands lifted its full-year sales and adjusted EPS guidance after Q2 reported gross margin reached 50%, even as net sales fell 1.2%.
The footwear retailer lowered its full-year sales and adjusted earnings ranges after second-quarter comparable sales fell 7.1% and gross margin contracted by 690 basis points.
Tariff refunds lifted reported profitability as Lovesac returned to net income in its fiscal second quarter, though underlying gross margin was lower without the one-time benefit.
The 4.91 million-share sale is expected to close Sept. 11; the $200 million BioCircuit purchase is targeted for the fourth quarter and is not subject to a financing condition.
Record market-price gains and a weaker Canadian dollar drove most of the second-quarter increase, while Canada’s net position with the U.S. rose to C$1.67 trillion.
Debenhams Group received £76.5 million at completion and will collect another £13.5 million after giving vacant possession, while Primark takes over the lease and plans to use the highly automated Sheffield site for future home delivery across Great Britain.