Target Corp
What’s ahead for Bed Bath & Beyond in wake of bankruptcy warning
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images When Bed Bath & Beyond leaders speak to investors Tuesday morning, they won’t simply report sales and earnings results. They will have to address a stark reality: The cash-strapped home goods retailer is running out of […]
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UBS sees these retail stocks winning from a potential Bed Bath & Beyond bankruptcy
What’s bad for Bed, Bath & Beyond could be good news for other retailers. Bed Bath & Beyond warned last week that it is running out of cash and is considering filing for bankruptcy protection . The home-goods retailer is preparing to file for Chapter 11 within weeks, according to the Wall Street Journal . […]
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Walgreens may have overstated theft concerns, CFO says
Anti-theft locked beauty products with customer service button at Walgreens pharmacy, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images A top Walgreens executive on Thursday acknowledged the company may have overblown concerns about thefts in their stores after shrinkage stabilized over the last year. During an earnings call, the company’s chief […]
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Online sales rose 3.5%, boosted by discounts
D3sign | Moment | Getty Images Online sales during the holiday season rose 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record high discounts persuaded shoppers to open up their wallets. That spending marked a new peak for e-commerce sales during the crucial retail season, according to Adobe. related investing news […]
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Bed Bath & Beyond warns of potential bankruptcy
Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy. The retailer, citing worse-than-expected sales, issued a “going concern” warning that in the upcoming months it likely will not have the cash to cover expenses, such as lease agreements or payments to suppliers. The company said it is exploring financial […]
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JPMorgan’s top rated picks for 2023, such as two stocks coming off their worst performances in decades
JPMorgan analysts warned Wednesday that there could be even further downward force on the market in 2023 ahead of a recovery is felt. But they explained there are however stocks to commit in. The analysts said in a be aware to purchasers that they assume the S & P 500 to retest lows seen in […]
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Stocks making the biggest moves premarket: General Electric, Salesforce, Alibaba and more
In this article BABA MSFT CRM GE Follow your favorite stocksCREATE FREE ACCOUNT Cincinnati – Circa September 2021: General Electric Global Operations Center. jetcityimage | iStock Editorial | Getty Images Check out the companies making headlines in premarket trading. General Electric — GE HealthCare Technologies begins trading as a separate company on the S&P 500 […]
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Wells Fargo downgrades Target, says headwinds are mounting for the retailer
It’s time to step to the sidelines on Target , according to Wells Fargo. Analyst Edward Kelly downgraded shares to equal weight from overweight, saying a weaker consumer in 2023 will be especially challenging for general merchandise companies. “TGT’s outlook has deteriorated meaningfully and we no longer see it as an attractive investment into an […]
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Retailers brace for tougher times and more frugal customers in 2023
A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado. Brent Lewis | Denver Post | Getty Images January is typically an overlooked month for retailers. Shoppers make returns and exchanges. They come to stores with gift cards in hand. And they may spring for workout clothes or other items […]
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These states are raising their minimum wages in 2023. Chart shows where workers can expect higher pay
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar turns to 2023, workers in more than half of all states have something to look forward to this year: a higher minimum wage. […]
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