Chinese Tourists Are Back. They Just Aren’t Shopping Like Before.
Updated Dec. 17, 2023 12:03 am ETHONG KONG—The retail world used to cater to Chinese tourists. Luxury shops opened wherever...
Department Stores
The American Store Is Shrinking
Updated Dec. 12, 2023 5:04 pm ETListen to article(1 minute)The average store size in the U.S. is the smallest it’s...
Macy’s Billion-Dollar Question: What’s More Valuable, Real Estate or the Business?
Updated Dec. 12, 2023 12:22 pm ETA potential buyout of Macy’s by an investor group revives an old theory: that...
Target Stock Surges as Earnings Overshadow Sales Decline
Updated Nov. 15, 2023 10:32 am ETPeople are skipping their Target runs, but the company is finding ways to boost...
Target Tries to Find Its Mark After a Year of Misfires
Updated Nov. 13, 2023 11:46 am ETAll isn’t merry and bright this holiday season at Target.The Minneapolis retailer known for...
Dick’s Sporting Goods, Macy’s Flash Warning Signs on U.S. Consumer Spending
The retailers’ shares traded sharply lower after they posted weaker quarterly earnings and gave tepid forecasts for the rest of...
Target Sales Are Punished by Pride Month Backlash
The retailer lowered profit goals for the year, and executives said they would modify the annual Pride Month promotion. Source...
Estée Lauder’s Big Bet on China Is Looking Not So Pretty
Estée Lauder’s longtime chief, Fabrizio Freda, is under pressure to show he can turn around the beauty giant’s key China...
Stitch Fix Taps Former Macy’s, Walmart Exec as CEO
Matt Baer will lead the fashion company as it cuts costs, alters operations. Source link
Nike Broke Up With Retailers. Now It’s Trying to Win Them Back.
The sneaker maker’s strategy seeks to shed excess product as inflation pinches consumers’ budgets. Source link
Target Lands in Culture-War Crosshairs Over Pride Month
The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure from anti-LGBT...
This Department-Store Stock Has Trounced Apple, Amazon and Tesla
Family-controlled Dillard’s has combined share buybacks with keeping costs down, inventory tight and staff engaged with “nearly fanatical” customers. Source...
Macy’s, Best Buy Sales Decline, Reflecting Shopper Pullback
Macy’s said its sales were down 4.6% in the fourth quarter, and Best Buy said its U.S. sales for the...
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices...
Lululemon Shares Tumble on Profit Warning for Holiday Quarter
The athletic-gear maker’s earnings targets came in below Wall Street’s expectations. Source link
Costco Sales Growth Cools as Consumers Shift Discretionary Spending
The warehouse retailer posts a year-over-year increase in membership fees. Source link
Best Buy, Dick’s Ease Fears About Holiday Spending
The retailers posted mixed quarterly results but said sales wouldn’t fall as much as expected. Source link
Macy’s, Kohl’s Sales Drop as Shoppers Delay Holiday Buying
Both department store chains said the outlook for the important year-end quarter remained uncertain. Source link
Walmart Is Flexing Its Muscle Again
America’s biggest retailer has a new message for its suppliers: We’re not going to pay higher prices anymore.Walmart Inc. Chief...
Kohl’s CEO Michelle Gass Resigns to Join Levi Strauss
CEO Michelle Gass has been under attack from activist investors for sales declines and a steep drop in the department-store...
