Category: Retail News
Where Walmart CEO Doug McMillon expects inflation to stick around in 2023
Walmart CEO Doug McMillon expects prices to remain elevated and the retail giant is adjusting inventory based on inflation and a consumer spending slo [...]
Bank of America downgrades Best Buy, says stock could fall nearly 20% as inflation hurts spending
The investment case for Best Buy looks murky as retailers face a slowing consumer spending environment, Bank of America says. [...]
Jim Cramer’s Investing Club meeting Tuesday: Inflation cools, stock trim, Eli Lilly
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
As inflation runs hot, Dollar General’s new Popshelf stores chase wealthier, suburban shoppers
Dollar General said it sees opportunity to grow to 3,000 Popshelf stores across the country. [...]
Supreme Court upholds California ban on flavored tobacco
The Supreme Court on Monday rejected a bid from the tobacco industry to block a California ban on flavored tobacco products. [...]
Jim Cramer’s Investing Club meeting Monday: Stocks rise, watching oil, Disney
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
This is Goldman Sachs’ favorite retail stock for 2023
One retailer sticks out as a winner going into 2023, according to Goldman Sachs. [...]
Goldman Sachs upgrades Gap, says stock can rally nearly 30% despite challenges facing retailers
The upcoming year provides a rough backdrop for retail, according to Goldman Sachs. But Gap is a name the firm expects to do well. [...]
Signals from Costco on inflation are keeping us from overreacting to hotter producer prices
Next week's consumer price index is key as Wall Street awaits the Federal Reserve's next interest rate decision. [...]
Federal prosecutors ask judge to postpone SEC case in alleged New Jersey deli stock fraud
Federal prosecutors want the SEC to postpone their civil case against the suspects behind the $100 million New Jersey deli. [...]