Tag: US Retail

The U.S. retail sector conveyed mixed signals this week following a wave of incoming earnings reports and the release of consumer spending and student loan repayments data. While retail earnings largely beat Wall Street expectations, an increase in student loan repayment concerns has convinced...

P&G CEO Jon Moeller expressed a positive outlook on his company's future earnings, expecting to rake in $400 million in after-tax profits over the next 12 months as inflation seems likely to continue cooling. "The US inflation picture is moderating some," Moeller explained following the...

LG Electronics announced on Wednesday that it is looking to reach 100 trillion won ($77 billion) in sales by 2030 during a statement on its company strategy going forward. The South Korean electronics manufacturer added that it is planning to raise 50 trillion won...

Levi Strauss shares fell 7% on Friday after the company decided to cut its full-year profit outlook. The decision came after the fashion retailer suffered a 22% year-over-year decline in sales. In addition to its crippling sales figures, the company attributed its decision to slash...

Fashion retailers have exhibited signs of market resilience despite rising concerns about a drop in U.S. demand. Economic uncertainty has led investors to believe that consumers in Europe, the U.S., and China may decide to spend less on clothing. H&M shares rose by 6% as...

Macy's Inc cut its full-year earnings and profit forecast after experiencing a slowdown in demand for its high-end products. The retailer's shares declined by 7% on Thursday morning. The department store company is now expecting its full-year sales to be between $22.8 billion and $23.2...