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reportwire · 1 year
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Stock market rally will be put to test in week ahead, after yields fall and tech surges
Stock market rally will be put to test in week ahead, after yields fall and tech surges
The stock market’s rally after October’s inflation report will be tested in the week ahead, as investors watch some major retailers’ earnings and a flurry of Federal Reserve speakers. But the main event is the market itself and whether it can turn a supercharged move higher into a more lasting rally that lifts stocks into the end of the year. The major averages were higher again Friday after a…
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globalcourant · 2 years
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Macy's (M) reports fiscal Q2 2022 earnings
Macy’s (M) reports fiscal Q2 2022 earnings
Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain to use heavy markdowns to move items off shelves. The warning comes even as the retailer reported a fiscal second-quarter profit and revenue that topped analysts’ expectations. Macy’s now sees fiscal 2022 revenue in a…
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cartierrings · 2 years
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Because business pundits say you might want to skip
Because business pundits say you might want to skip
Prime Day pricing may not be Amazon’s absolute best deal Just because something is discounted on Prime Day doesn’t mean it’s the best deal you’ll see anywhere, or even all year round. Of course, Amazon will offer the best prices on their devices such as Kindles, Fire TV streamers, and private labels clothing. For example, the e-commerce giant is already advertising a 24-inch Fire TV only $…
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news-21 · 3 years
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Earnings reports and the Fed will test the market rally in the week ahead
Earnings reports and the Fed will test the market rally in the week ahead
A Wall Street sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021. Brendan McDermid | Reuters Investors will see whether stocks carry their newfound momentum into the week ahead, as major retailers, including Walmart and Home Depot, report earnings and housing data dominates the calendar. The Federal Reserve may also play a role. Minutes from its last meeting will…
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indiarightnow · 2 years
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Pace of store closures slowed in 2021 as retailers found new purpose for bricks and mortar
Pace of store closures slowed in 2021 as retailers found new purpose for bricks and mortar
A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Wayfair sees a chance to make a pivotal move. The furniture and home goods retailer plans to open three stores in Massachusetts next year. Chief Marketing Officer Bob Sherwin said low rents were a draw. But the need to have customers touch and feel its products and a desire to raise brand awareness also…
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reportwire · 2 years
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Kohl's (KSS) reports Q1 2022 earnings
Kohl’s (KSS) reports Q1 2022 earnings
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Thursday said final bids to sell the business are expected in the coming weeks. The retailer also slashed its outlook for the year, with CEO Michelle Gass saying 2022 started out below her expectations. “Sales considerably weakened in April as we encountered…
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globalcourant · 2 years
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Macy's (M) reports fiscal Q2 2022 earnings
Macy’s (M) reports fiscal Q2 2022 earnings
Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain to use heavy markdowns to move items off shelves. The warning comes even as the retailer reported a fiscal second-quarter profit and revenue that topped analysts’ expectations. Macy’s now sees fiscal 2022 revenue in a…
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news-hst-pakistan · 3 years
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These 3 factors will determine how Target and Kohl’s fare beyond the pandemic
These 3 factors will determine how Target and Kohl’s fare beyond the pandemic
A Kohl’s and Target location Scott Mlyn | CNBC; Noam Galai | Getty Images Some of the biggest battles in retail used to play out in shopping malls. Now, that retail rivalry has moved to strip centers, where Target and Kohl’s compete for customers. “The mall used to be the magnet,” said Mark Cohen, former Sears Canada CEO and director of retail studies at Columbia University. “It used to be the…
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news-21 · 3 years
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Stock futures mixed following three straight days of losses on Wall Street
Stock futures mixed following three straight days of losses on Wall Street
Stock futures were mixed in early morning trading on Thursday after major averages registered a third straight day of losses amid a drop in cryptocurrency prices. Futures on the Dow Jones Industrial Average dipped 65 points. S&P 500 futures sat below the flatline while Nasdaq 100 futures traded slightly higher. Shares of Cisco dropped 5.62% in extended trading after the data center networking…
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reportwire · 2 years
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What really happens to them?
What really happens to them?
Sending back an online order has never been easier. It’s often free for the customer, with some retailers even allowing customers to keep the item while offering a full refund. Amazon returns can be dropped off at Kohl’s, UPS or Whole Foods without boxing it up or even printing a label. But there’s a darker side to the record number of returns flooding warehouses after the holidays. “From all…
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globalcourant · 2 years
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Kohl's (KSS) reports Q2 2022 earnings
Kohl’s (KSS) reports Q2 2022 earnings
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s on Thursday again slashed its financial forecast for the year, saying that its middle-income customers have been particularly pressured by higher inflation, putting a damper on sales of apparel, shoes and other discretionary items. The retailer said that shoppers are making…
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col-life23 · 4 years
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Macy’s prepares for a holiday season like no other Macy's, which is known for kicking off the holiday season with its nationally televised Thanksgiving Day parade, is painting a picture of a holiday season unlike any other. 
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reportwire · 2 years
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Inflation fuels holiday online sales to record $204 billion: Adobe
Inflation fuels holiday online sales to record $204 billion: Adobe
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Segar | Reuters Online sales during the holiday season rose nearly 9% to a record $204.5 billion, Adobe Analytics said Wednesday, as consumers opened up their wallets to spend on gifts for family, friends and…
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