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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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Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery

According to Jefferies, a strong quarter-end report signals the beginning of Ulta Beaty’s solid recovery. Ulta Beaty surpassed all expectations for her first quarter. She generated $6.30 in adjusted earnings per stock on revenue of $2.35 billion. Refinitiv surveyed analysts and they expected $4.46 earnings per share for $2.12 trillion in revenue. Also, the company’s […]

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Morgan Stanley downgrades Gap after weak first-quarter report, says stock has further downside

According to Morgan Stanley, Gap’s first quarter could have been a rough start to a much longer decline. Kimberly Greenberger analyst downgraded Gap’s stock to underweight. This was due to Thursday’s poor quarterly report that showed an internal problem and difficult consumer conditions. “The 1Q22 EPS miss materialized, & updated FY guidance proves the downside […]

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Gap (GPS) reports Q1 2022 earnings

Gap Inc.On Thursday, the company lowered its profit guidance for full-year as it revealed a decrease in fiscal first quarter sales. This was due to Old Navy’s drag down. Stocks dropped more than 15% in the hours following. Old Navy’s quarter performance was hampered by an unbalanced selection of sizes, inventory delays, and an increase […]

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Dollar General, Dollar Tree boost outlook as consumers grapple with inflation

Dollar General and Dollar Tree outlets Getty Images Shares Dollar General Dollar TreeOn Thursday, the market exploded as discounters beat Wall Street’s quarterly earnings forecasts. This raised the outlook for next year and suggested that consumers will flock to lower prices in times of inflation. Midday on Thursday saw Dollar General shares rise by approximately […]

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Carl Icahn loses proxy fight with McDonald’s over animal welfare

Delivering Alpha, New York: September 13, 2016, Carl Icahn David A. Grogan | CNBC Carl Icahn, activist investor and entrepreneur lost with his proxy fight McDonald’sThis signaled that the shareholders weren’t affected by his animal welfare concerns on Thursday. McDonald’s stated that preliminary votes counted at Icahn’s shareholder meeting indicated that Icahn’s nominated board members […]

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How to beat inflation with Memorial Day sales

Urban Outfitters Pasadena has a selection of pants available for purchase. Mario Anzuoni | Reuters For Americans suffering from the pain of rising inflation, this year’s Memorial Day sales may be a key indicator. A big holiday sales weekend usually marks the start of the 3-day holiday weekend. It’s a great time to stock up […]

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How Costco became a staple of Asian America

Durian at a Costco Wholesale location in Woodland Hills, California. April 24, 2022. Wendy Leung Wendy Leung hardly ever noticed durian in grocery shops rising up in Los Angeles, however the 45-year-old nonprofit employee discovered the fruit at her native Costco Wholesale in San Fernando Valley this April. Durian is utilized in Southeast Asian cuisines […]

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Why inflation may be about to wane — just as fear of it peaks

Target’s April quarter dismal results last week were partly due to the bloated inventories of big box retailers. This week, specialty retailers such as Best Buy and Dick’s Sporting Goods have continued to feel the pinch. However, the good news is that those goods piles across the country may be a sign of inflation receding […]

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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, […]