Macy's Inc
Here’s why retailers are beating earnings estimates, even with lackluster revenue
Here is the major vital from suppliers this earnings season: Margins are keeping up and that’s driving earnings beats even amid additional tepid profits trends. As evident above the past few of weeks, buyer paying continues to be somewhat cautious overall. Customers are more thoroughly scrutinizing purchases of discretionary products. That is all led to […]
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These retailers are most at risk for a margin squeeze this earnings season thanks to cautious consumers, heavy promotions
Shoppers are at the Citadel Outlets in Los Angeles. Jonathan Alcorn | Reuters Affordability is the number one concern for consumers globally, new data released Tuesday by EY shows. The price worries could suggest trouble for retailers that are relying on promotions to win over cost-conscious customers. Those companies could see their margins under pressure […]
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Under Armour sends potential warning sign about retailers’ profits
People walks past a Under Armour clothing store in Siam Center, Bangkok. Guillaume Payen | SOPA Images | LightRocket | Getty Images Under Armour‘s shares sank Tuesday, even after the athletic apparel and footwear retailer beat Wall Street’s quarterly revenue and earnings expectations. The reason for the drop may offer insights into challenges faced by […]
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Macy’s opens more strip mall stores as expansion strategy faces pivotal test
Bloomie’s, the smaller version of Bloomingdale’s, features contemporary apparel brands. It has a slimmed down assortment and displays that are switched out frequently. Melissa Repko | CNBC FAIRFAX, Va. — Shoppers browse racks of clothing with a glass of wine in hand. A display of pet accessories and a water bowl greet four-legged visitors. Couples […]
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Bed Bath & Beyond store closures will kick off a land grab for fast-growing retailers
A closed Bed Bath & Beyond store in San Francisco, California, US, on Monday, April 24, 2023. David Paul Morris | Bloomberg | Getty Images In strip malls across the country, Bed Bath & Beyond stores have “Closing Soon” signs. For other retailers, those may as well be “For Rent” signs. The home goods retailer, […]
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Stocks making the biggest moves midday: Tesla, Marathon Oil, WWE, UnitedHealth and more
In this article MRO APA FSLR UBS WWE TSLA Follow your favorite stocksCREATE FREE ACCOUNT A vehicle charges a Tesla Supercharging station in Corte Madera, California, US, on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Tesla — Shares dropped 6% after […]
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Stocks making the biggest moves premarket: Marathon Oil, Macy’s, WWE and more
In this article VMC EXR NOVA WWE SLG M HAL Follow your favorite stocksCREATE FREE ACCOUNT A road is closed after an oil leak at Marathon Galveston Bay Refinery on October 6, 2021 in Texas City, Texas. Go Nakamura | Getty Images Check out the companies making headlines before the bell. Energy stocks — Energy […]
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Macy’s CEO Jeff Gennette, who’s led the company’s turnaround effort, will retire next year
Jeff Gennette, CEO of Macy’s. Getty Images Macy’s CEO Jeff Gennette will retire early next year after a four-decade career at the company, the department store chain announced Wednesday morning. Gennette, 61, plans to step down in February. He will be succeeded by Tony Spring, CEO of the company’s higher-end department store banner, Bloomingdale’s. In […]
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Shrinking food stamp benefits for families mean yet another challenge for retailers
A worker carries bananas inside the Walmart SuperCenter in North Bergen, New Jersey. Eduardo Munoz Alvarez | AP For some shoppers who already struggle to cover grocery bills, the budget is getting tighter. This month, pandemic-related emergency funding from the Supplemental Nutrition Assistance Program, formerly known as food stamps, is ending in most states, leaving […]
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Retailers see a tough year ahead, so they’re rolling out the recession playbook
A woman carries bags of merchandise from J.Crew, Nordstrom, UGG, and Victorias Secret at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images The U.S. economy may not be in a recession, but it feels like it in a lot of stores across the nation. […]
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