Category: Retail & Wholesale

March 22, 2019

The luxury retailer Tiffany on Friday reported fourth-quarter sales that fell short of Wall Street estimates, sending shares down 4% ahead of the opening bell. Tiffany said revenue totaled $1.32 billion, just missing the $1.33 billion that analysts surveyed by […]

March 15, 2019

Closing pop-up stores, pushing the grocery business and focusing on advertising all will help Amazon boost profits, KeyBanc analysts said as they boosted the online retailer’s price target. The KeyBanc analysts raised their recommended allocation on Amazon to overweight and […]

February 28, 2019

Recent moves by retail stocks prove that Amazon hasn’t been able to squash all of its competitors, according to Susquehanna’s Stacey Gilbert. The SPDR S&P Retail ETF XRT was up 1 percent on Wednesday after Best Buy surged 16 percent […]

February 26, 2019

Home Depot Inc. plans to buy back as much as $15 billion of stock after quarterly earnings fell short of analysts’ expectations, casting doubt on a growth story that has lifted the stock 50 percent in the past three years. […]

February 22, 2019

The trade war between Washington and Beijing has had a major impact on the US agricultural space over the past two years with the latest US department of agriculture (USDA) figures shining a light on the difficulties faced by farmers […]

February 13, 2019

When a bankruptcy judge approved Eddie Lampert’s $5.2 billion takeover bid for Sears Holdings on February 7, it was with a suggestion to “not to be a cartoon character.” Certainly his management style was unusual, visiting the company’s headquarters only […]

January 16, 2019

Sears is saved—for now. The company’s chairman and hedge fund manager Edward Lampert won the U.S. department store chain in a bankruptcy auction with a bid of approximately $5.2 billion, according to Reuters and the Wall Street Journal. Lampert’s winning […]

January 8, 2019

Retail stocks are turning a new leaf in the new year. After ending 2018 with their worst quarter since 2008, the group has rallied more than 6 percent since the first trading day of the year. Craig Johnson, chief market […]

December 26, 2018

There’s been little yuletide cheer for the retailers. The XRT retail ETF is down 17 percent this month, tracking for its worst December since its inception in 2006. One market watcher says indiscriminate selling may have unfairly taken retail down. […]

December 21, 2018

A cocktail of changing consumer habits, millennials’ aversion to shopping and the big Brexit clouds gathering over Britain’s high street have retail bosses quaking in their Prada loafers. On Monday, online fashion chain ASOS ASC, +4.22% usually a bankable star […]