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Struggling Retailers Brace For Halloween Consumer Spending Slump
Sunday, October 13, 2024 - 3:15pm | 458Read More...The U.S. retail industry is set to face another blow with a predicted drop in Halloween spending, adding to the woes of debt-laden retailers grappling with increased overheads and a consumer shift towards cheaper products. What Happened: As per a recent report by Bloomberg, the National Retail...
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Levi Strauss & Co Stock Falls After Mixed Q3 Results: EPS Beat, Revenues Miss
Wednesday, October 2, 2024 - 4:32pm | 412Read More...Levi Strauss & Co. (NYSE:LEVI) shares are trading lower following the company’s third-quarter financial results released after Wednesday’s closing bell. Here's a look at the details from the report. The Details: Levi Strauss reported quarterly earnings of 33 cents per share, which...
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Nike Q1 Earnings Preview: China, North America In Focus, Analyst Says 'Not Much To Get Excited About Yet' With CEO Change
Monday, September 30, 2024 - 5:45pm | 758Read More...Apparel company Nike Inc (NYSE:NKE) will report first-quarter financial results Tuesday on the heels of recently naming a new CEO. Shares could be volatile after the earnings report. Earnings Estimates: Analysts expect the company to report first-quarter revenue of $11.64 billion, down from $12.94...
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What Does A Rate Cut Mean For Discount Retailers?
Monday, September 30, 2024 - 3:39pm | 877Read More...When the Federal Open Market Committee (FOMC) voted to lower the federal funds rate by 50 basis points—rather than a widely expected 25—at its September meeting, the S&P 500 continued its seemingly optimistic path skyward to fresh record highs. Many investors had already factored an...
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Costco's Latest Quarter Shows Its Business Model Continues To Work Beautifully
Friday, September 27, 2024 - 10:50am | 521Read More...On Thursday, Costco Wholesale Corporation (NASDAQ: COST) issued its fiscal fourth quarter earnings. While slightly coming short on revenue, the warehouse retailer’s earnings topped Wall Street estimates. Fiscal Fourth Quarter Highlights For the quarter ended on September 1st, revenue rose...
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Costco's Strong Q4 Performance Sparks Mixed Analyst Reactions As Stock Slides
Friday, September 27, 2024 - 10:35am | 1003Read More...Costco Wholesale Corporation (NASDAQ:COST) shares were down in early trading on Friday, even after the company reported upbeat results for its fiscal fourth quarter. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Truist Securities On Costco...
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Expect Healthy Online Spending This Holiday Season, Says Analyst: What To Know
Wednesday, September 25, 2024 - 6:12pm | 442Read More...BofA Securities says U.S. consumers are focused on value and sees Amazon.com, Inc. (NASDAQ:AMZN) and Walmart Inc. (NYSE:WMT) well-positioned in the e-commerce industry to reap the benefits heading into the holiday season. What To Know: On Wednesday, BofA released its 2025 annual e-commerce survey...
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Costco Q4 Earnings Preview: Membership Fee Increase, Visitor Growth Top Items To Watch
Wednesday, September 25, 2024 - 4:23pm | 555Read More...Costco Wholesale Corporation (NASDAQ:COST) will likely highlight its recent membership fee increase and its impact on guidance when the company reports fourth-quarter financial results Thursday after market close. Earnings Estimates: Analysts expect the retailer to report fourth-quarter revenue of...
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Nike's New CEO Elliott Hill To Focus On Repairing Retailer Relations
Friday, September 20, 2024 - 9:03am | 517Read More...Nike Inc. (NYSE:NKE) has appointed company veteran Elliott Hill as its new CEO, aiming to rejuvenate sales by mending ties with retailers. What Happened: Hill’s appointment comes as John Donahoe steps down after a tenure focused on direct-to-consumer sales. This strategy, which emphasized...
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Nike Stock Jumps 9% After The Bell, CEO Set To Retire
Thursday, September 19, 2024 - 4:52pm | 410Read More...Nike Inc (NYSE:NKE) shares are jumping in Thursday’s after-hours session after the company announced a CEO transition. What Happened: After the market close on Thursday, Nike announced that longtime Nike veteran Elliott Hill will become president and CEO of Nike, effective Oct. 14. Hill will...
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Walmart To Offer Pay-By-Bank Feature For Online Transactions, With Launch In 2025
Thursday, September 19, 2024 - 2:33pm | 509Read More...Walmart Inc. (NYSE:WMT) is reportedly sweetening its pay-by-bank feature in Walmart Pay, allowing customers to pay directly from their checking accounts rather than debit cards, with transactions instantly reflected in their bank accounts. With this update, Walmart will receive the funds instantly...
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US Port Strike In October Could Lead To Major Supply-Chain Disruptions, Says Container Trade Expert
Tuesday, September 17, 2024 - 2:00pm | 873Read More...A possible strike by thousands of dockworkers at East and Gulf coast ports in October could result in major disruptions in the supply chain of goods coming in and out of the U.S., according to an export on container trade. The International Longshoremen's Association (ILA), representing more than...
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How Second-Tier Economic Data Tuesday Could Sway The Fed's Rate Decision: It 'Will Be A Trading Catalyst'
Monday, September 16, 2024 - 12:40pm | 690Read More...Often considered an afterthought compared to the juggernauts of economic indicators — such as the Consumer Price Index (CPI) inflation and job market report — retail sales data rarely moves the needle for Federal Reserve policymakers. But this Tuesday, the August retail sales numbers could mean...
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Amazon, Walmart's Flipkart Violate India's Antitrust Laws, Investigators Allege: Report
Friday, September 13, 2024 - 2:42pm | 462Read More...An antitrust probe in India alleges that e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) and Flipkart, which is owned by Walmart Inc. (NYSE:WMT), violated local competition laws by favoring specific sellers on their platforms. Amazon and Flipkart are major players in India’s e-retail sector,...
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Stock Of The Day: Two Indicators Suggest Proctor And Gamble May Have Reversed
Wednesday, September 11, 2024 - 1:07pm | 563Read More...Trading models typically contain a set of parameters or conditions that must be met to give trade signals. Some human traders may only use one or two in their models while some quantitative ones may use hundreds. On the Procter & Gamble Co (NYSE:PG) chart, two possible parameters can be...
















