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  • Lululemon, Chico’s, Macy’s all issue warnings
    Finance News

    Lululemon, Chico’s, Macy’s all issue warnings

    January 11, 2023 /

    Shops are offering their traders a delayed lump of coal. Many high-profile shops are out with lackluster product sales and financial gain updates forward of their complete success in late February/early March. General, the vibe in the studies are dim as people pullback on discretionary purchases and retailers fight by means of stubborn inflation and continue to bloated inventories. The corporate emblem for Lululemon hangs on a wall at their shop in Brookfield Put on August 26, 2022, in New York Town. (Photo by Gary Hershorn/Getty Illustrations or photos) Right here are three warnings that are standing out on Monday. Macy’s (M) warned that it sees product sales at the…

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    Francis McGee Comments Off on Lululemon, Chico’s, Macy’s all issue warnings

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    Depositors yank another $126 billion from US banks

    Depositors yank another $126 billion from US banks

    April 2, 2023
    EV giant reports Q4 revenue and profit beat; Cybertruck to begin production later this year

    EV giant reports Q4 revenue and profit beat; Cybertruck to begin production later this year

    January 26, 2023
    Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

    Exclusive: Lebanon to slash official exchange rate from end of October, finance min says

    September 28, 2022
  • Retail stocks including Macy’s, Target get smoked as markets tank after retail sales miss
    Finance News

    Retail stocks including Macy’s, Target get smoked as markets tank after retail sales miss

    December 19, 2022 /

    The Grinch could be a short-seller this Xmas time. Retail stocks were tanking throughout the board on Thursday, as a substantially worse-than-expected November retail gross sales report early Thursday, blended with Wednesday’s most recent announcement from the Federal Reserve, experienced marketplaces beneath hefty offering stress. In early afternoon trading, shares of Macy’s (M) ended up off 3.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, when shares of Concentrate on (TGT) and Abercrombie & Fitch (ANF) were being down much more than 4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, amongst other noteworthy names underperforming in the retail place. The VanEck Retail ETF (RTH) — which counts Amazon, Home Depot and Walmart as its top a few holdings — was off 2.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in afternoon trade.…

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    Francis McGee Comments Off on Retail stocks including Macy’s, Target get smoked as markets tank after retail sales miss

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    Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief

    Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief

    February 26, 2023
    One of the most frequently cited risks to stocks in 2023 is ‘overstated’

    One of the most frequently cited risks to stocks in 2023 is ‘overstated’

    December 12, 2022
    Fox’s settlement with Dominion unlikely to cost it $787.5M

    Fox’s settlement with Dominion unlikely to cost it $787.5M

    April 24, 2023
  • Macy’s is bucking the trend of retail’s woes: Morning Brief
    Finance News

    Macy’s is bucking the trend of retail’s woes: Morning Brief

    November 29, 2022 /

    This posting initially appeared in the Early morning Quick. Get the Early morning Brief despatched specifically to your inbox each Monday to Friday by 6:30 a.m. ET. Subscribe Monday, November 28, 2022 Modern publication is by Brian Sozzi, editor-at-big and anchor at Yahoo Finance. Adhere to Sozzi on Twitter @BrianSozzi and on LinkedIn. Examine this and much more market information on the go with Yahoo Finance App. So I am looking at the Macy’s (M) Thanksgiving Day Parade and was pleasantly astonished to see musical performances by icons Paula Abdul and Mariah Carey on the docket. They each crushed it in my see, and so did Macy’s CEO Jeff Gennette…

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    Francis McGee Comments Off on Macy’s is bucking the trend of retail’s woes: Morning Brief

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    Goldman CEO David Solomon sees only 35{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} chance of soft landing, stocks lower in 2023

    Goldman CEO David Solomon sees only 35{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} chance of soft landing, stocks lower in 2023

    December 7, 2022
    The Federal Reserve now believes its work is nearly done: Morning Brief

    The Federal Reserve now believes its work is nearly done: Morning Brief

    March 25, 2023
    Tesla stock slammed this week as Musk sells more shares

    Tesla stock slammed this week as Musk sells more shares

    December 16, 2022

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