Shares of department-store chain Macy’s Inc. slid 8% in after-hours trading on Friday after the retailer gave a more downbeat forecast on its fourth-quarter sales, with management citing big “lulls” Read more
Tag: Department Stores
Eat, drink and be merry: Here’s where shoppers have been spending the most money this holiday season
Restaurants are set to become the biggest winners of a holiday season that could turn out to be the most normalized since the onset of the pandemic. That’s according to Read more
Retail analysts foresee holiday-season sales growth. Now we’ll hear from retailers themselves.
Even as price increases squeeze shoppers, analysts expect holiday-season sales to increase this year. With Walmart Inc., Target Corp. and discounters TJX Cos. and Ross Stores Inc. reporting results in Read more
Ocado signs partnership with South Korea’s Lotte Shopping
Ocado Group PLC OCDO, +34.00% said Tuesday that it and Lotte Shopping Co. have signed a partnership to develop Lotte’s online business in South Korea with the Ocado Smart Platform. Read more
Ocado signs partnership with South Korea’s Lotte Shopping
Ocado Group PLC OCDO, +32.85% said Tuesday that it and Lotte Shopping Co. have signed a partnership to develop Lotte’s online business in South Korea with the Ocado Smart Platform. Read more
Macy’s, Nordstrom lower outlooks as consumer spending expected to slow
Macy’s Inc. and Nordstrom Inc. became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending. Macy’s M, +4.00%, the biggest U.S. department-store Read more
The holiday-shopping season has a different problem this year than supply gaps
In 2021, amid a worldwide supply-chain fiasco, retailers were worried about not having enough product in stores for the holiday shopping season. A year later, as they try to draw Read more
Retailers are trimming holiday hiring plans, and it’s not just because of the economy
With prices high and the labor market still tight, some U.S. retailers are trimming their holiday-season hiring plans. Macy’s Inc. and Dick’s Sporting Goods Inc. on Monday became the latest Read more
The retail slump could end soon, and there are four ‘turnaround’ stocks JPMorgan says you will want as it does
As department stores and clothing retailers struggle with a difficult economy and changing consumer tastes, JP Morgan analysts are “cautiously optimistic” that issues in the sector will clear by next Read more
Macy’s will bring Toys ‘R’ Us to every one of its U.S. stores for the holidays
Macy’s Inc. announced early Monday that it will add a Toys “R” Us shop to each of its U.S. locations by October 15, in time for the holiday season. The Read more
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