HomeTagsRetail market

Tag: retail market

Target Shares Jump as Earnings Exceed Expectation

Target shares rose by 8.5% in premarket trading on Tuesday after the retail giant released its earnings report for 2023. The company's net sales were $31.9 billion, thereby exceeding analysts' estimates of $31.38 billion. Gross profit came in at 25.6%, eclipsing the 22.7% in...

Retail Sales Beat Forecasts Amid Consumer Resilience

U.S. retail sales grew in September, beating forecasts as consumer spending remains resilient in the face of a slowdown. Retail sales increased by 0.7% compared to August, thereby outpacing estimates of a 0.1% rise compiled by Bloomberg. August sales were revised upwards to 0.8%...

Nike Earnings Show Retailer’s Resilience Despite Consumer Slowdown

While a recent slowdown in consumer spending has threatened to curtail U.S. retail sales, Nike's first quarter fiscal earnings indicated that the world's largest sporting retailer has been largely unphased. Sales in the US fell by a marginal 2%, with the company making no...

Best Buy Stock Edges Higher After Smaller-Than-Expected Sales Drop

Shares in U.S. electronics store giant Best Buy rose by 1% during premarket trading on Tuesday. This comes after the company reported a smaller-than-expected decline in quarterly comparable sales. Best Buy's comparable sales declined by 6.2% over the course of the second quarter, narrowly...

Nordstrom Stock Jumps After Earnings Beat Estimates

Nordstrom stocks rose by 6% after trading closed on Thursday after the retailer's quarterly earnings beat Wall Street expectations. The company's strong financial performance came despite a rise in vanishing merchandise and theft, which is affecting U.S. retailers at large. "Losses from theft are at...

Kohl’s Beats Wall Street Earnings Forecast Despite Profit Decline

Kohl's reported on Wednesday that profits and sales in the second quarter declined as the department store chain continues to struggle with the downward trend in consumer spending. Still, its results beat Wall Street expectations, with stocks in the company rising by over 2%...