Tag: retail

U.S. retail sales fell by 0.4% in February; a decline that is expected to have come due to the previous month's outsized increase. Despite the decline, the underlying sales momentum remained strong, with the economy continuing to expand. January retail sales data was also...

Gap Inc shares declined by over 8% during Thursday's after-market session after the company reported its fourth-quarter fiscal 2022 results. The company incurred a wider loss than expected. Despite inflationary pressures which have curbed demand, Gap decided to lower excess inventory levels and focus on...

Costco shares were down by 2% after the market's close on Thursday night after the company released its fiscal second-quarter earnings results. The big box retailer's earnings results appeared mostly mixed, however, most metrics beat expectations. Revenue for the period was $55.27 billion, narrowly missing...

Macy's Inc stocks jumped by 5% on Thursday after the department store posted positive earnings results, upping its annual forecast for 2023 as a result. The retail chain's earnings were largely boosted by its decision to offer steep discounts during the holiday period in an...

Global online betting company Flutter released its full-year core profit on Thursday, meeting its forecast range. The company's full-year profit excluding the U.S. of 1.295 billion pounds ($1.55 billion) fell within the forecasted range of 1.29 billion pounds to 1.39 billion pounds. This represents...

Lowe's Cos Inc released its full-year sales forecast on Wednesday, missing market expectations. The company claims that its lower forecasts have arisen due to weakening demand for home improvement products. The decrease in demand appears to be two-fold. On one hand, inflation has pressured many...