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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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UBS names its ‘best one inventory ideas’ in the U.S. proper now
Swiss bank UBS has disclosed a checklist of “vital expense suggestions,” picking out stocks based mostly on components these as industry problems, economic tendencies and govt coverage. “We emphasis on the equity asset course and highlight our most effective solitary stock concepts in the US tied to select messages,” the bank’s Main Investment decision Business […]
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Student loan relief is gone for millions of Americans — here’s what it means for retailers
A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado. Brent Lewis | Denver Post | Getty Images By striking down student debt forgiveness Friday, the U.S. Supreme Court not only added a hefty expense back into millions of Americans’ budgets. It also created the latest challenge for retailers already […]
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Purchasing platform Shein poised to consider main U.S. current market share. UBS thinks these companies will be hurt most
Some big-title U.S. retailers could battle as Chinese e-commerce corporation Shein gains ground in the nation, UBS warned. Shein’s newest fundraising force place the business at a $66 billion valuation, according to a Wall Road Journal report. The Journal also documented that the Chinese rapidly-trend firm noticed $23 billion in earnings past 12 months with […]
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Not just shoplifting: Here’s why companies say retail theft is such a big deal
For several years, the terms shrink, retail crime and organized retail theft have echoed from the mouths of politicians, police officers, trade groups and the country’s most prominent retail executives. Politicians and police departments have sounded the alarm about rising retail theft, and are calling for stricter enforcement and prosecution to fight it. Trade groups […]
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Dollar Tree shares plunge after company misses on earnings, slashes full-year profit outlook
Shares of Dollar Tree plunged more than 16% in intraday trading Thursday after the company fell short of Wall Street’s earnings expectations for the most recent quarter and slashed its profit outlook for the full year. The stock closed about 12% lower at $136.66 a share. Here’s how the discounter did in its fiscal first […]
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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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Wall Street’s preferred retail shares coming out of key earnings week
It was a huge week for buyers in retail stocks with some of the sector’s most significant names reporting. But with the week in the rearview mirror, traders are now assessing crosscurrents. Walmart posted an earnings beat and potent assistance, even though Foot Locker significantly skipped Wall Street’s expectations for the quarter and gave uninspiring […]
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Foot Locker shares drop 25% after big earnings miss, lower guidance
A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Foot Locker’s stock opened 24% lower Friday after it reported dismal fiscal first-quarter results and reduced its outlook just two months after introducing it. The footwear retailer missed on both the top […]
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Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more
In this article TSLA EVGO KRE WAL Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Check out the companies making headlines in midday trading. Tesla — Shares rose 3.9% following the company’s annual shareholder meeting the previous day. CEO Elon Musk announced […]
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