WEATHER ALERT
Major retailers temper expectations for 2025 as Americans slow their spending
Read full article: Major retailers temper expectations for 2025 as Americans slow their spendingSome retailers are beginning to take a more cautious approach with their financial forecasts as they keep a closer eye on signs of a pullback in consumer spending.
Costco successfully defends its diversity policies as other US companies scale theirs back
Read full article: Costco successfully defends its diversity policies as other US companies scale theirs backCostco has claimed victory in pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices.
Bath & Body Works sees strong sales in Q3, raises full-year outlook
Read full article: Bath & Body Works sees strong sales in Q3, raises full-year outlookBath & Body Works fiscal third-quarter performance topped analystsā estimates thanks to strong sales and the retailer boosted its full-year outlook.
Home Depot's Q3 results top Wall Street as pullback in consumer spending eases a bit
Read full article: Home Depot's Q3 results top Wall Street as pullback in consumer spending eases a bitHome Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe than in the past, and its performance beat Wall Streetās expectations.
Walgreens to close 1,200 stores as US pharmacies struggle to define a new role
Read full article: Walgreens to close 1,200 stores as US pharmacies struggle to define a new roleWalgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience.
Owner of the 7-Eleven convenience store chain gets takeover bid from Canadaās Couche-Tard
Read full article: Owner of the 7-Eleven convenience store chain gets takeover bid from Canadaās Couche-TardThe owner of 7-Eleven convenience stores has received a buyout offer for from Canadaās Alimentation Couche-Tard.
Home Depot, sensing uneasy economic vibe from homeowners and contractors, trims outlook for 2024
Read full article: Home Depot, sensing uneasy economic vibe from homeowners and contractors, trims outlook for 2024Home Depotās second quarter sales rose slightly as the nationās biggest home improvement retailer booked gains from a recent acquisition, but customers reined in spending because of broadly higher costs and elevated interest rates.
Drugstores tinker with new looks as their usual way of doing business faces challenges
Read full article: Drugstores tinker with new looks as their usual way of doing business faces challengesAmericaās drugstores are testing smaller locations and more ways to offer care as more store closings loom.
Texas-based Neiman Marcus bought by Saks Fifth Avenue parent company for $2.65 billion
Read full article: Texas-based Neiman Marcus bought by Saks Fifth Avenue parent company for $2.65 billionThe parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake.
Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024
Read full article: Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024Home Depotās sales continued to weaken in its fiscal fourth quarter, as the countryās largest home improvement retailer deals with Americans who remain concerned about high mortgage rates and inflation.
Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital Management
Read full article: Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital ManagementMacyās rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didnāt provide a viable financing plan.
Bed Bath & Beyond 3Q results miss Street as sales slide 33%
Read full article: Bed Bath & Beyond 3Q results miss Street as sales slide 33%Bed Bath & Beyondās fiscal third-quarter sales fell by a third as the home goods company struggles to strike the right balance with its shoppers, a sign of its worsening outlook.
Home Depot tops 3Q expectations again, but sticks by outlook
Read full article: Home Depot tops 3Q expectations again, but sticks by outlookHome Depot easily topped expectations for both profit and revenue in the third quarter, but investors are spooked because the company is sticking by projections it put out earlier this year.
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/TMI4CMH4MVHVLLPBV5T7U64WTY.jpg)
Retail sales climb despite rising prices, supply issues
Read full article: Retail sales climb despite rising prices, supply issuesAmericans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods.
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/Q2RQJ3PVNBBQ5JQPQJQCQE4T6Q.jpg)
Home Depot sales climb again, but DIY frenzy may be cooling
Read full article: Home Depot sales climb again, but DIY frenzy may be coolingHome Depotās sales continued to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly.
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/VBD77VFG4ZFO7OAF3VTHD7AEDU.jpg)
Funky electronics chain Fry's is no more
Read full article: Funky electronics chain Fry's is no moreFILE- In this Oct. 21, 2009 file photo, a small crowd begins to gather outside a Fry's Electronics store in Renton, Wash. The electronics chain is permanently closing, citing the struggles it faced as a retailer during the coronavirus pandemic. Frys Electronics Inc. said it stopped regular operations and began the wind-down process of its business on Wednesday, Feb. 24, 2021. (AP Photo/Ted S. Warren, File)SAN FRANCISCO ā Fry's Electronics, the go-to chain for tech tinkerers looking for an obscure part, is closing for good. āFryās was really a business build for the 1980s electronics boom.
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/HSK3YM6NZFET7I7OXK5TI76V2M.jpg)
In year of pandemic, Home Depot became supplier to millions
Read full article: In year of pandemic, Home Depot became supplier to millionsPassers-by walk near an entrance to a Home Depot home improvement store Sunday, Feb. 21, 2021, in Boston. Home improvement stores became a beehive during the pandemic with millions working from home and attending school remotely. āIt is easy to look at Home Depotās numbers and chalk up its success to the pandemic,ā Saunders said Tuesday. The Atlanta company on Tuesday said that it was not providing annual guidance for the year, citing the uncertainty of the pandemic. Given the huge numbers Home Depot put up in 2020, that dispirited investors, and shares fell more than 3% at the opening bell.