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Investors zero in early tradIng on U.S. retailers as holiday season kicks off
NEW YORK, Nov 24 - Investors are zeroing in on a number of hot retailers' shares as the U.S. holiday shopping season kicks into high gear this week, weighing the potential for supply chain problems against expected strong consumer demand. NEW YORK, Nov 24 - Investors are zeroing in on a number of hot retailers' shares as the U.S. holiday shopping season kicks into high gear this week, weighing the potential for supply chain problems against expected strong consumer demand. The day after the U.S...
Updated: 11/24/2021
Dow falls more than 165 points as investors digest disappointing earnings
... covered later in the report. The Fed will release minutes later in the day from its October policy meeting, possibly giving investors more information on the central bank's plan to trim bond purchases that have helped keep interest rates low. Both Nordstrom 's and Gap saw a decline in early trading after reporting disappointing quarterly results due to supply chain issues. The high-end department store chain reported earnings of $0.39 per share, well below the $0.57 analysts were expecting, although ...
Updated: 11/24/2021
Nordstrom warns of off-price store shortages
Nordstrom Inc said labor costs sank its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday. Nordstrom Inc said labor costs sank its quarterly ...
Updated: 11/24/2021
Best Buy CEO warns of increase in retail crime
... everything we can to make certain environments as safe as possible. Barry told reporters that the company is seeing increases in organized theft across the country, but particularly in San Francisco . The disclosure comes after other retailers, including Nordstrom and Louis Vuitton , have been hit with a string of robberies by brazen thieves over the past few days. After Best Buy offered a fourth-quarter holiday sales forecast that fell short of analysts' estimates, shares of Best Buy sank Tuesday ...
Updated: 11/24/2021
Nordstrom beats estimates, keeps forecast on holiday
Nov 23, Reuters Reuters' Nordstrom Inc beat estimates for quarterly sales on Tuesday, as people rushed to its stores to buy apparel and footwear, even as supply-chain disruptions threaten to cause shortages at its off-price outlets during the holiday season. Nov 23, Reuters ...
Updated: 11/23/2021
Target will not open on Thanksgiving Day
... suffered some blowback after being accused of forcing thousands of people to work on a family holiday. Some stores and malls, like the Mall of America in Minnesota , ended the practice and remained closed on Thanksgiving. Some stores, like Costco and Nordstrom , never opened their doors during the holiday, saying they wanted to respect the holiday. Thanksgiving had historically not been a big sales day, not one of the top 10, because stores usually open their doors around 5 p.m. It was a big online ...
Updated: 11/22/2021
Stocks set to move to a close Thursday as Nasdaq hits record
... with Abercrombie Fitch, American Eagle Outfitters , Best Buy , Burlington Stores, Cracker Barrel , Dick s Sporting Goods, Dollar Tree , JM Smucker, Jack in the Box , and Medtronic reporting before the market opens. Dell Technologies , HP, and Nordstrom will take the spotlight after the bell. Macy's will offer the majority of its Black Friday deals on Tuesday. The sale will run through Saturday. American Airlines flight attendants who work from Tuesday through November 29 will get a 150% premium....
Updated: 11/21/2021
Macy's stock is up by 20%.
... doesn't say much about what will happen to the rest of the business. Macy's stock is up more than 230% year-to-date. The shares of other retailers rallied on Thursday. Kohl's KSS went up about 9% after a stronger than expected quarterly results, while Nordstrom 's JWN rose about 5%.
Updated: 11/18/2021
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