TJX Companies Inc
How much are retailers losing to shrink and theft? In many cases, it’s not the main drag on profits
Anti-theft locked beauty products with customer service button at Walgreens pharmacy, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images A range of retailers are again blaming shrink as one of the reasons they saw another quarter of lackluster profits. But some of those companies have started to offer more detail than […]
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Three ways Walmart and Target are diverging as consumers watch their wallets
(L) A customer pushes a shopping cart full of groceries outside a Wal-Mart n Rogers, Arkansas, and (R) A pedestrian passes a Target store in the Tenleytown neighborhood of Washington, DC. Getty Images Target and Walmart are both catering to thriftier shoppers, but the two big-box retailers have seen very different outcomes when it comes […]
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Here’s a rapid-fire update on all 36 stocks in the Club’s portfolio, including 2 recent buys
During the Investing Club’s August Monthly Meeting, Jim Cramer provided his latest thinking on all 36 names in his Charitable Trust. Source
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Shoppers are spending big at TJX Companies as Target sales slide
A T.J. Maxx store in Pasadena, California. Mario Anzuoni | Reuters Cash-strapped consumers may be pulling back on discretionary purchases at Target, but they’re spending big on name brands and home goods at off-price TJX Companies. The discounter raised its full year outlook on Wednesday after posting an 8% year-over-year sales jump and a 23% […]
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Inventory futures are little altered as Wall Street appears to be like past getting rid of session: Stay updates
Traders perform on the ground of the New York Stock Exchange (NYSE) in New York Town, July 20, 2023. Brendan McDermid | Reuters Stock futures are in close proximity to flat Tuesday evening as investors arrived off a dropping session that marked the latest leg down in an August slump. Futures tied to the Dow […]
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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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