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As Americans splurge on dressing up again, retailers like Macy’s and Ulta benefit

Nordstrom staff fix the floral dress to a mannequin at one of its department stores. Ben Nelms | Bloomberg | Getty Images In with the sweatpants and in with lipsticks and blazers. Americans are spending more money on accessories, clothing and makeup as they go out and return to work. Analysts and executives at companies […]

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Macy’s (M) reports Q1 2022 earnings beat, raises forecast

One person strolls past the Hyattsville Macys store on February 22, 2022. AFP – Getty Images| AFP | Getty Images Macy’sOn Thursday, the fiscal first quarter profits and sales were higher than analysts expected. This was despite decades of high inflation, which threatened to curb consumption. Bloomingdale’s and the department store chain that owns it, […]

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Morgan Stanley says buy Lululemon as shares are trading at a discount

Morgan Stanley stated Thursday that Lululemon, despite the uncertain macro environment for apparel retailers across the globe, is more well-positioned than its competitors to weather the storm. Kimberly Greenberger, an analyst, upgraded the stock from overweight to equal weight. She explained in a note that the risks have been priced into Lululemon’s athleisure brand. According […]

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Dick’s Sporting Goods (DKS) Q1 2022 earnings top estimates, outlook cut

A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting GoodsWall Street was pleasantly surprised Wednesday by the results of its fiscal first quarter. Shoppers spent more money on sports apparel, such as golf clubs and soccer equipment, than expected. NikeAdidas. […]

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Nordstrom (JWN) reports Q1 2022 losses

Two cyclists and a pedestrian are seen wearing facemasks at Nordstrom Santa Monica branch on May 11, 2020. Frederic J. Getty Images| AFP | Getty Images NordstromOn Tuesday, the company reported that fiscal quarter sales were higher than analysts expected and raised its full year outlook. This was due to momentum as customers visited department […]

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Allbirds to sell its sneakers in select Nordstrom department stores

Nordstrom signs outside of one its full-line departmental stores Getty Images| Getty Images News | Getty Images AllbirdsSelect customers will be able to purchase its shoes NordstromCompanies announced Tuesday the opening of department stores in the United States next month. The sneaker brand is looking to establish partnerships with retailers and expand its market reach. […]

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Kohl’s (KSS) reports Q1 2022 earnings

On November 12, 2015, customers left a Kohl’s store in San Rafael. Justin Sullivan | Getty Images News | Getty Images Kohl’sThe retailer is under pressure to sell as activists push for final, fully-financed bidding. Michelle Gass, Chief Executive Officer of Kohl’s stated Kohl’s is “pleased” to work with many parties. Also, the company posted […]

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What Walmart, Target, Home Depot and Lowe’s tell us about the economy

An amalgamation of Target stores, Walmart stores, Lowe’s, Home Depot and Lowe’s. Reuters Is the American consumer able to withstand sky-high inflation? It all depends on who you ask. Four major retailers — Walmart, Target, Home Depot Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and […]

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Retail stock picks to ride the market volatility

Jordan Cvetanovski from Pella Funds Management has named two retail stocks which he considers to be exceptional and will weather the market volatility. Cvetanovski was named as chairman, chief investment officer, and portfolio manager of Pella. He made the selections at CNBC Pro Talks. Cvetanovski stated that while shoppers may be stretched financially right now, […]

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Coach owner Tapestry cuts profit outlook as China lockdowns dent demand

Shoppers pass by the Coach department store in Shanghai New World Daimaru on August 12, 2019, Shanghai, China. VCG | Visual China Group | Getty Images Coach owner TapestryOn Thursday, the company lowered its outlook on profit for fiscal 2022 due to lockdowns in China that could reduce consumer demand for its luxury purses and […]