Signs are posted at the entrance to a Macy’s store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Macy’s announced plans to shutter 150 underperforming stores across the United States. Justin Sullivan | Getty Images News | Getty Images Macy’s hasn’t yet shut the approximately 150 … Read more
More than half of the stocks in the S & P 500 hit new 52-week highs in the first quarter, leaving us to puzzle over how this all happened. We act as if it’s all about the earnings or the actions of the Federal Reserve. But maybe it is something else. Maybe it’s the share … Read more
American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform. The company also reported holiday earnings that beat Wall Street’s expectations thanks to strong demand and lower markdowns … Read more
Abercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21% and its profits grew thanks to higher prices and lower raw material costs. The apparel retailer expects its growth story will continue as it issued better-than-expected sales guidance. Here’s how Abercrombie did in its fourth fiscal quarter compared with what Wall Street was anticipating, … Read more
The major averages are leaping to fresh highs, but attractive stocks with good growth prospects are still available for the picking. Wall Street analysts remain focused on the long-term prospects of stocks with solid growth potential. Investors can gain insights from the opinions of top analysts, who make recommendations after thorough research. Here are three … Read more
CNBC’s Jim Cramer on Friday told investors what to look for next week on Wall Street, including earnings from retailers like Target. According to Cramer, March’s market has come in like a bull — not a lion — but he wondered if it will go out like one too. He said the economy’s not so … Read more
A person picks out clothing in a Lacoste store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, on Nov. 24, 2023. Vincent Alban | Reuters Holiday sales rose 3.8% year … Read more
Shoppers walks past advertisements on the opening day of fast-fashion e-commerce giant Shein, which hosted a brick-and-mortar pop up inside Forever 21 at the Ontario Mills Mall in Ontario on Oct. 19, 2023. Allen J. Schaben | Los Angeles Times | Getty Images ORLANDO, Fla. — Little is known about how much revenue Shein draws … Read more
Combination showing store signage from Aberdrombie & Fitch and Lululemon stores. Getty Images Abercrombie and Fitch, Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December. Yet Wall Street greeted the news with varying levels of enthusiasm … Read more
It’s not being talked about enough. This market move off the November lows and the Fed pivot — signaling an end to the central bank’s rate-hiking cycle — is one of the most astonishing and satisfying I have seen in 43 years of investing. In nine weeks, we blew through price targets on so many … Read more
