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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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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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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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Kohl’s stock surges on report bidders are still competing for company amid market volatility

On the outside of a Kohl’s store in San Rafael (California), you can see the Kohl’s logo. Justin Sullivan | Getty Images Kohl’sShares surged over 15% Wednesday after being temporarily stopped by reports that competing bidders to purchase the retailer are making binding offers. However, these bids were lower than those made in the indicative […]

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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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Bath & Body Works shares tumble as retailer cuts profit outlook due

The Bath and Body Works Edmonton store has sale signs. The sale took place in Edmonton (Alberta), Canada on Thursday, January 6, 2022. Artur Widak | Nurphoto | Getty Images Bath & Body WorksShares fell Wednesday afternoon after the retailer reduced its profit outlook. The reason for that was due in part to inflationary pressures […]

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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 […]