Category: Retail News
Nordstrom shares sink after retailer posts weak holiday sales and slashes guidance
Nordstrom said weak sales and a ton of markdowns hurt its results during the holiday season. [...]
P&G CEO’s upbeat take on the economy makes the consumer staples giant even more attractive in 2023
The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar a [...]
Procter & Gamble revenue and profit fall as higher prices fail to offset declining sales
Procter & Gamble reported mixed quarterly results Thursday, matching Wall Streets expectations on earnings but slightly topping them on revenue. [...]
As consumer spending slows, Club holding TJX is the off-price retailer to own
Fresh economic data Wednesday showed U.S. consumer spending slowed last month as inflation, though easing, continued to squeeze shoppers. [...]
Bed Bath & Beyond looks for capital infusion, buyer ahead of likely bankruptcy filing
Bed Bath & Beyond is looking for financing to keep it afloat during a bankruptcy process, and continued discussions with prospective buyers, accor [...]
Holiday retail sales tanked, but trucking data shows e-commerce wasn’t the issue
Holiday sales were a downer, but DHL Supply Chain is investing in e-commerce and says its trucking data shows that 'large growth' in internet retail c [...]
Consumers are going to trade down in a big way this year — How to play it from Bank of America
"Trade-down" stocks will outperform this year, according to Bank of America. [...]
Holiday sales fall short of expectations, set stage for tougher 2023 for retailers
Holiday sales fell short of industry expectations, as shoppers felt pinched by inflation and rising interest rates. [...]
Gun companies reckon with declining demand after pandemic surge
Large firearm manufacturers like Sturm, Ruger are taking a hit as gun sales, which surged in recent years, return to pre-pandemic levels. [...]
Bank of America downgrades Levi Strauss, says upside is hard to see with discounts and sliding denim demand
Sliding demand for denim and a continued reliance on markdowns make it hard to expect outperformance from Levi Strauss, Bank of America said Wednesday [...]