Category: Retail News
Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
Lululemon reported healthy first quarter profits that beat Wall Street's estimates. [...]
Investing Club mailbag: Why do some companies have weird fiscal years that don’t align with the calendar?
Most companies align their fiscal years with the calendar year. Others do not. Understanding some Wall Street shorthand can help simplify things. [...]
Dollar General stock drops as ‘challenging’ economic backdrop drives dismal earnings report
Dollar General said a worse than expected macroeconomic backdrop is impacting its customers spending, leading the discounter to slash its full year ou [...]
Most Americans say companies should publicly support LGBTQ+ community, new GLAAD survey finds
The study comes as retailers like Target, Kohl's and PetSmart have come under attack for their annual LGBTQ Pride merchandise displays and ad campaign [...]
Macy’s slashes its full-year outlook even as earnings beat
Macy's gave a lower sales and earnings forecast for the year as it said discretionary spending slowed in March. [...]
JPMorgan downgrades Target as concerns for the retail giant mount
JPMorgan downgraded Target as concerns over the retailers ability to navigate a challenging economic environment increase. [...]
Many Walmart shoppers will soon see new packaging as retailer tries to cut waste
By the end of the year, Walmart, the nation's biggest retailer, will also allow customers to opt out of plastic bags when using curbside pickup. [...]
This startup wants to curb fast fashion by helping you rent out your closet
The startup By Rotation aims to end the fast-fashion market and challenge clothing rental competitors by helping users rent out their own closets. [...]
Chewy shares surge after earnings beat on top and bottom lines
Chewy shares surged in extended trading after the company beat earnings estimates on the top and bottom lines. [...]
Nordstrom tops Wall Street’s first-quarter sales expectations, even as shoppers spend less
The high-end department store reaffirmed its full-year outlook and posted a surprise profit on an adjusted basis. [...]