Macy's Inc
Target CEO addresses ‘price gouging’ accusations in retail
There’s no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday. In an interview on CNBC’s “Squawk Box,” the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers have to be responsive to customers or risk losing business. He was asked by […]
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Macy’s cuts sales forecast as department stores struggle to draw shoppers
Macy’s logo is seen on a store in Manhattan, New York, United States of America, on July 5th, 2024. Beata Zawrzel | Nurphoto | Getty Images Macy’s cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions. The retailer posted a mixed quarter, as […]
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Walmart says prices are coming down — except in one key area
A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles. Kevork Djansezian | Reuters Prices of many groceries and other items have fallen at Walmart, according to CEO Doug McMillon. Yet the leader of the nation’s largest retailer said Thursday that inflation “has been […]
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Home Depot expects sales to weaken as consumers grow more cautious
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand. The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared to the prior fiscal year. […]
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Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls
A customer enters a Macy’s store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Justin Sullivan | Getty Images Macy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S. Some of those transformations may catch shoppers […]
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Babies R Us is back: Here’s why Kohl’s is betting on babies to drive its turnaround
Kohl’s plans to have 200 Babies R Us shops in its stores by the end of September. The retailer will sell a wide variety of baby gear, including strollers, car seats and cribs. Courtesy: Kohl’s WOODLAND PARK, N.J. — Kohl’s is thinking small to rev up its sales. The retailer is opening Babies R Us […]
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How AI and automation will reshape grocery stores and fast-food chains
AI isn’t just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend. Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the introduction of the new technology in such services as self-checkout kiosks and even AI ordering in drive-thru lanes. […]
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Stocks making the biggest moves midday: Trump Media, Macy’s, Goldman, Coinbase and more
Check out the companies making headlines in midday trading: Humana , UnitedHealth Group — Health care insurers rose as a group Monday as the greater likelihood of a Donald Trump victory in this year’s presidential election raised hopes of fewer cost pressures. Shares of Humana and UnitedHealth Group gained around 1% each. Wolfe Research on […]
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Macy’s ends buyout talks with Arkhouse and Brigade after months of negotiations
The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Macy’s department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it will also be closing five stores in order to […]
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Stocks making the biggest moves midday: Macy’s, MicroStrategy, Coinbase, Nvidia and more
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street Research downgraded Nvidia to hold from buy, citing limited upside given the big run already this year. It is only the second downgrade of Nvidia […]
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