Category: Retail News
Foot Locker posts comparable sales growth for the first time in six quarters
Foot Locker has spent two years transforming its business, and it's now seeing sales and margins expand, indicating its efforts are finally starting t [...]
Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets
Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish krone, or about $4.65 billion. [...]
JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng
The announcement is JD.com's second buyback this year, after announcing a $3 billion buyback in March. [...]
Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds
Some big retailers have been levying a fee on customers who ask for cash back on purchases. That disproportionately hurts those in banking deserts. [...]
Nordstrom shares jump 10% as earnings top estimates, but retailer issues cautious guidance
Nordstrom has been working to cut costs and improve operations as it contends with softening demand for luxury goods. [...]
Shares of Temu parent company PDD plunge almost 29%; ‘too large a correction’, says analyst
The slump comes after the company failed to meet expectations in its second quarter results. [...]
Two stocks that are winning the back-to-school shopping season, according to Morgan Stanley
A couple of popular apparel retailers could beat the clothing industry slowdown and stand out this season and into year-end. [...]
Is the stock market rotation back? Plus, the mob scene at Costco’s new store in Japan
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. [...]
We’re trimming a Fed rate cut play after a recent rally and ahead of earnings
We're not calling for an earnings miss — just protecting against any disappointment in the commentary. [...]
Jim Cramer sees a ‘potential tailwind’ for Amazon from a big Chinese online retailer
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]