After Target (TGT) lowered its margin guidance for the second quarter, here’s where the CNBC Investing Club would look in the retail sector.
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This stock stands to benefit from the retail glut that Target warned about
Business
One in three Manhattan condo owners lost money when they sold in the last year
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than a third of the condo apartments sold in Manhattan over roughly the past year sold at a loss, although the top end of […]
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Business
With two months to Christmas, here’s what retail leaders expect for holiday shopping
There’s just two months until Christmas Eve, and retailers are meeting a more cautious shopper with earlier offerings. Most retailers won’t report third-quarter results or updated holiday expectations until just before Thanksgiving, largely considered the sector’s most important week of the year. By then, many shoppers will have already started checking off holiday shopping lists. […]
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Business
Deckers Brands stock sinks more than 12% after soft outlook raises concerns about Hoka, Ugg growth
Hoka shoes are seen in a store in Krakow, Poland on February 1, 2023. Jakub Porzycki | Nurphoto | Getty Images Shares of footwear maker Deckers Brands plunged more than 12% Friday after the company trimmed its sales guidance for Hoka and Ugg — the two brands driving its growth — over concerns that tariffs are […]
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