Abercrombie & Fitch Co
Second strike at Liverpool to add to European port congestion, slow product delivery
A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Bloomberg | Bloomberg | Getty Images Logistics experts are warning another strike set at the Port of Liverpool for Tuesday will only add to the existing delays in product delivery caused by […]
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Dollar Tree’s stock tumbles as rival Dollar General’s bet on food and groceries pays off
All dollar stores are not created equal. Look at what’s happening between Dollar General and Dollar Tree if you want proof. Both dollar stores beat earnings forecasts, but what’s important lies within the retailers’ outlooks. Dollar General raised its same-store sales guidance for the fiscal year and it’s now above Wall Street’s expectations. It’s predicting […]
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Shares building the largest moves premarket: Greenback Tree, Peloton, Salesforce and more
In this posting DLTR ELY DG Online video1:1301:13 News Update – Pre-Markets News Briefing Test out the firms earning headlines prior to the bell: Greenback Tree (DLTR) – The low cost retailer’s inventory slid 6.6% in the premarket just after reducing its complete-calendar year earnings forecast, thanks to the impression of pricing-associated investments at its […]
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Republican AG group holds private retreat for corporate donors at swanky Palm Beach resort
Anti-abortion activists demonstrate outside the Supreme Court of the United States in Washington, June 13, 2022. Evelyn Hockstein | Reuters The Republican Attorneys General Association is hosting a private retreat for its corporate donors at a luxury resort in Florida this weekend — on the heels of the GOP’s long-sought win in getting Roe v. […]
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Apparel prices remain high even as retailers use markdowns to clear excess inventory
A customer shops for shirts at an American Eagle Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Excess inventory has racked up in many retailers’ warehouses and stores. But shoppers are still paying more as they refresh the closet. Apparel prices rose 0.8% in June compared to May, and 5.2% […]
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The retail industry is facing a potential wave of bankruptcies – here’s why
Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning […]
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Target warns of squeezed profits as it rolls out aggressive plan to get rid of unwanted inventory
Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. The […]
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Levi Strauss boosts sales outlook for next five years, banking on e-commerce strength
A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss & Co. on Wednesday maintained its outlook for the full year and boosted its financial targets over the next five years as the […]
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Glam makeup and dressing up are back – and that’s benefiting retailers like Macy’s and Ulta
A Nordstrom employee fixes a floral dress on a mannequin in one of the retailer’s department stores. Ben Nelms | Bloomberg | Getty Images Out with sweatpants, in with blazers, lipstick and eye-popping prints on dresses. Americans are sprucing up their wardrobes and spending more on dressier clothing, makeup and accessories as they start going […]
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Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape
A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades-high inflation that has […]
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