Macy’s Inc.

Why the retail industry is facing a bankruptcy wave

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning …

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Inflation and recession fears are squeezing some industries more than others

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images People still appear willing to shell out to travel, go to the movies and have a drink …

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Facing huge inventory, Target cuts vendor orders, prices

NEW YORK — Target is canceling orders from suppliers, particularly for home goods and clothing, and it’s slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The actions come after a pronounced spending shift by Americans, from investments in their homes to money spent on travel, nights …

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Lululemon (LULU) Q1 2022 earnings beat estimates

Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Thai | SOPA Images | LightRocket | Getty Images Lululemon on Thursday reported fiscal-first quarter profit and revenue that outpaced Wall Street’s expectations, boosted by growth online and in the retailer’s men’s division. The athletic apparel retailer also raised its financial outlook for …

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Glam makeup and dressing up are back, boosting Macy’s and Ulta

A Nordstrom employee fixes a floral dress on a mannequin in one of the retailer’s department stores. Ben Nelms | Bloomberg | Getty Images Out with sweatpants, in with blazers, lipstick and eye-popping prints on dresses. Americans are sprucing up their wardrobes and spending more on dressier clothing, makeup and accessories as they start going …

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Gap (GPS) reports Q1 2022 earnings

Gap Inc. on Thursday slashed its profit guidance for the full year as it reported a decline in fiscal first-quarter sales, which were dragged down by its Old Navy business. Shares fell more than 10% after hours, after closing the day up 4%. An imbalanced mix of clothing sizes, ongoing inventory delays and an uptick …

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Why Nvidia’s rise could signal a change in this jittery market

With Nvidia (NVDA) the dichotomy between the short-sighted traders and the eyes-on-the-prize investors —like our Club members — continues. As much as the positive reaction on Wall Street to Broadcom (AVGO) buying VMware (VMW) and the excellent earnings of Dollar Tree (DLTR) say about the psyche of the market, the remarkably Lazarus-like move of the …

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Twitter, Macy’s, Nvidia, Lululemon and more

A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Check out the companies making headlines in midday trading Thursday. Macy’s — Shares jumped 17.8% after the department store chain reported …

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5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures higher as Wall Street looks to break losing streaks Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images US …

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Macy’s, Twitter, Medtronic and more

Check out the companies making headlines before the bell: Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and raising its full-year earnings forecast. Results got a boost from strong apparel demand as people returned to work and other out-of-home activities. Dollar General (DG) – …

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