Macy's Inc
Inventory futures are minor changed as traders seem in advance to future batch of company earnings: Stay updates
Traders function on the flooring of the New York Stock Exchange, July 12, 2023. Brendan Mcdermid | Reuters Stock futures are in close proximity to flat Tuesday evening as traders awaited on the newest crop of corporate earnings stories from effectively-identified names which include Nvidia. Dow Jones Industrial Regular futures additional 22 points, or .1%. […]
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Macy’s to open four more smaller stores, as strip mall experiment shows early signs of success
Macy’s Herald Square store is shown in New York City, August 21, 2023. View Press | Corbis News | Getty Images Macy’s said Tuesday it will open four more stores that look a lot different than its typical giant mall anchors as it tries to refresh a brand that has lost luster with many shoppers. […]
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Macy’s beats sales estimates, but stands by cautious full-year forecast as shoppers watch their dollars
Macy’s store in Herald Square in New York. Scott Mlyn | CNBC Macy’s on Tuesday topped Wall Street’s quarterly sales expectations, even as it struck a cautious note about consumer spending for the back half of the year. The department store operator stood by its conservative full-year guidance as sales sag. It said it expects […]
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Walmart raises full-year forecast as grocery, online growth fuel higher sales
Atchison, Kansas. Walmart store logo with gardening products for sale. (Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images) Ucg | Universal Images Group | Getty Images Walmart on Thursday raised its full-year forecast, as the discounter leaned on its low-price reputation to draw grocery customers and drive online spending. The big-box retailer beat Wall […]
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Four reasons why the consumer is so confusing — and what that may mean for retail earnings
Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters High food prices. Low unemployment. And eye-popping spending on concert tickets and European trips. Retailers are chasing shoppers as they navigate contradictory dynamics like cooling inflation, rising interest rates and pandemic-induced jolts to the way people live, work and shop. That has made it tricky […]
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Major retailers bring $14 billion in revenue to Black-owned brands
Major retailers and brands have driven $14 billion in revenue to Black-owned businesses since May 2020. In the last three years, Nordstrom, Macy’s, Sephora, Ulta Beauty and 25 others have partnered with nonprofit organization Fifteen Percent Pledge. The group asks companies to reflect the Black community that makes up 15% of the U.S. population by […]
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Retailers are shaping a wave of laws to crack down on organized theft — here’s how they do it
This is the final part of a three-part series on organized retail crime. The stories examine the claims retailers make about how theft is impacting their business and the actions companies and policymakers are taking in response to the issue. Read the first story here and the second here. Pedestrians walk past a vacant storefront along the […]
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Custom art, air purifiers and TikTok: College spending boom could booster retailers’ sales this fall
People walk on the campus of the University of North Carolina Chapel Hill on June 29, 2023 in Chapel Hill, North Carolina. Eros Hoagland | Getty Images Over the past few years, Alicia Browne has noticed a change in what college students haul out of cars on move-in days at the University of Alabama. Along […]
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CNBC Every day Open: Inflation, earnings and the American shopper
A look at of the Stuart The Minion balloon in the course of the 2022 Macy’s Thanksgiving Working day Parade on November 24, 2022 in New York Town. Noam Galai | Getty Visuals Enjoyment | Getty Images This report is from present day CNBC Daily Open up, our new, international marketplaces e-newsletter. CNBC Day-to-day Open […]
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No more freebies: Companies crack down on customer perks and rewards
Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images It’s not your imagination: Companies are getting stingier with customer rewards. Airlines are making it harder to earn elite status. Retailers have tightened return windows and tacked on fees. Dunkin’ and Sephora are […]
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