Macy's Inc
With Black Friday deals and flashy displays, retailers try to convince reluctant shoppers to spend
Target hosted a free “Winter Wonderland” event in New York City to show off the holiday season’s hottest toys. It’s an example of the extra effort that retailers are putting in to motivate shoppers. Melissa Repko | CNBC NEW YORK CITY — On a recent weekend in downtown Manhattan, a long line of families with […]
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Shares making the most significant moves midday: Sonos, Cisco Systems, Alibaba, Walmart and a lot more
Look at out the businesses generating headlines in midday trading. Sonos — The inventory climbed 17% after Sonos CEO Patrick Spence said the business is moving into a multiyear merchandise cycle that will involve an entry “into a new multi-billion greenback category” in the second 50 % of fiscal 2024. Macy’s — Shares of the […]
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Macy’s profit beats as inventory and margins improve
Macy’s Herald Square store in New York is shown on Aug. 21, 2023. View Press | Corbis News | Getty Images Macy’s on Thursday topped Wall Street’s quarterly expectations, as inventory and margin improvement helped offset an 7% year-over-year decline in sales. Here’s what the retailer reported for the fiscal third quarter compared with what […]
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S&P 500 futures are tiny transformed as traders hope to construct on November rally: Live updates
Traders operate on the ground of the New York Inventory Exchange (NYSE), July 26, 2023. Brendan McDermid | Reuters S&P 500 futures have been little adjusted Wednesday evening as investors appeared to extend November’s very hot streak. Futures tied to the wide-market index inched decrease by .04%, even though Dow Jones Industrial Average futures shed […]
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TJX Companies raises guidance again, says it expects a strong holiday as shoppers hunt for deals
A Marshalls store in New York Scott Mlyn | CNBC TJX Companies on Wednesday raised its full-year guidance and said it expects a strong holiday season after inflation-weary consumers drove another quarter of sales gains. The off-price giant, which runs T.J. Maxx, Marshall’s and HomeGoods, beat Wall Street’s estimates on the top and bottom lines […]
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Home Depot says the worst of inflation is over — that could be good news for retailers and shoppers
Vehicles fill the parking lot of a Home Depot store in Bloomsburg. Paul Weaver | Lightrocket | Getty Images Even as Home Depot forecast sales declines, the retailer had good news for investors and consumers on Tuesday. “I think the most important observation we’ve made is that the worst of the inflationary environment is behind […]
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As Target shutters some stores, retailer looks to prove it can grow and avoid new setbacks
Target’s store in Harlem is one of nine locations that the retailer recently shuttered. It blamed the closures on high levels of theft and safety risks. Melissa Repko | CNBC In the Harlem neighborhood of New York City, Target‘s first store to open in Manhattan has permanently shut its doors. The retailer has closed eight […]
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Walmart shares hit all-time high, as retailer’s value focus attracts shoppers and investors
Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois. Scott Olson | Getty Images Shares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value. The big-box retailer’s stock hit a […]
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Deal-hungry shoppers will squeeze holiday sales growth to pre-pandemic levels, retail group says
Holiday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation. The major trade group expects sales in November and December to rise by 3% to 4% year over year. That […]
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A credit card Christmas: Taking on shopping debt carries more risk this holiday season
A person walks past a Christmas lighting display in a window at Bulbs NYC lighting store near Union Square in New York City, Dec. 20, 2022. Alexi Rosenfeld | Getty Images Shoppers are springing for holiday gifts and decorations, but bustling mall traffic, full shopping bags and large hauls under the Christmas tree could hide […]
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