Best Buy Co Inc
As inflation runs hot, Dollar General’s new Popshelf stores chase wealthier, suburban shoppers
HENDERSONVILLE, Tennessee — Dollar General‘s next big strategy for growth is tucked in a strip mall in suburban Nashville, and it is coming to other cities soon. It’s a new store called Popshelf. Over the past two years, the Tennessee-based discounter has tested the store concept, which caters to suburban shoppers with higher incomes, but […]
Read More
This is Goldman Sachs’ favorite retail stock for 2023
Investors are carefully watching the retail sector going into 2023 for signs of a slowing economy and consumer weakness. Still, there are some stocks that are poised to gain even in an uncertain environment, according to Goldman Sachs. Overall, the firm expects real consumer spending to grow by 1.6% in 2023. “While not all retailers […]
Read More
Stocks making the biggest moves in the premarket: Horizon Therapeutics, Coupa Software, Rivian and more
watch now VIDEO1:1501:15 News Update – Pre-Markets News Briefing Take a look at some of the biggest movers in the premarket: Horizon Therapeutics (HZNP) – The drugmaker’s shares surged 14.7% in the premarket after it agreed to be bought by Amgen (AMGN) for $116.50 per share in cash, with the deal valued at $27.8 billion. […]
Read More
Rent the Runway shares surge after fashion rental company reports stronger quarterly sales
Jennifer Hyman, Rent the Runway Scott Mlyn | CNBC As some shoppers think twice about purchases, Rent the Runway is getting a bump. The fashion rental and subscription company on Wednesday reported stronger quarterly revenue that beat expectations and raised its financial outlook for the year as customers opted to borrow designer clothes instead of […]
Read More
Shopper turnout hit record high over Black Friday weekend, retail trade group says
A customer searches for shoe products inside a Macy’s store during Black Friday sales on November 25, 2022 in Jersey City, New Jersey. Kena Betancur | Getty Images A record number of holiday shoppers – 196.7 million – flocked back to stores and hunted for deals from Thanksgiving Day to Cyber Monday, according to a […]
Read More
Retailers are under pressure to turn deep discounts into big sales on Black Friday
Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several of them reported a slowdown in sales heading into the do-or-die holiday shopping season. […]
Read More
Stocks making the biggest moves midday: Abercrombie & Fitch, Disney, Best Buy, Zoom and more
In this article ANF DKS BBY TOL URBN AMD A Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian stands outside of the Abercrombie & Fitch store on Fifth Avenue in New York City. Craig Warga | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of […]
Read More
Shares making the major moves premarket: Most effective Purchase, Dick’s Sporting, Abercrombie & Fitch and many others
In this write-up ANF DKS BBY DLTR Stick to your beloved sharesCreate Cost-free ACCOUNT observe now Movie1:2001:20 Information Update – Pre-Markets Information Briefing Verify out the firms building headlines in advance of the bell: Most effective Acquire (BBY) – Ideal Acquire rallied 7% in the premarket following its 3rd-quarter success beat analyst estimates. The electronics […]
Read More
Best Buy sticks to holiday-quarter outlook as electronics demand holds up
A customer watches as Best Buy employees load his new television into his car during the state’s sales tax free weekend, beginning on Saturday. Erin Clark | Boston Globe | Getty Images Best Buy on Tuesday surpassed Wall Street’s expectations for quarterly earnings, as inflation-dented demand for pricey consumer electronics came in better than feared. […]
Read More
5 things to know before the stock market opens Tuesday
Trader on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. For the birds There are still two more trading days until Thanksgiving, but things are already slowing down on Wall Street. Stocks slid during a low-volume session Monday as investors […]
Read More