The giant retailer’s profits grew 9% in the third quarter to $3.4 billion. However, revenue disappointed analysts, mainly due to a small sales decline at Walmart U.S. operations. Still, the company raised its future earnings gu…
Consumers will start to see prices rising at the stores — and soon, as the costs of commodities like cotton, sugar, and coffee are surging to record highs.
Continue reading Rising Cotton Prices May Mean Pricie…
It means more shoppers are in stores, but they’re also spending more carefully. That’s not necessarily bad news for the holiday season. It’s just that retailers have accepted they’ll have to work hard this year to keep register…
Beyond the next series of economic indicators, what really matters now is a strong holiday selling season. If it materializes, that could pole-vault the market to new highs, making 12,000 on the Dow by year-end well within reac…
Last week, Macy’s and JCPenney kicked off the retail earnings season by posting better-than-expected earnings. But the news may not continue to be so good.
Continue reading Week in Preview: Abercrombie, Lowe’s …