Retail
Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy’s has been in the midst of a turnaround under CEO Tony Spring, who has worked to close underperforming stores and reinvest in ones worth keeping open.
Ulta shares pop as beauty retailer beats Wall Street expectations and hikes earnings outlook
Ulta Beauty beat on the top and bottom lines for its fiscal first quarter on Tuesday as CEO Kecia Steelman praised the company’s strategy.
Victoria Secret shares spike 40% after big earnings beat, raised sales outlook
Victoria’s Secret has been in the midst of a turnaround under CEO Hillary Super, who said the company is winning over young shoppers across all incomes.
Retail had a ‘surprisingly robust’ first quarter, but the real test is ahead as tax refunds dry up
The retail industry saw strong first-quarter sales and profits, but high tax refunds and buy now, pay later helped mask underlying consumer weakness.
Gap shares tumble 14% as retailer cuts sales guidance after disappointing Old Navy performance
Gap issued mixed results as sales at its largest brand, Old Navy, fell short of estimates.
Costco says it saw ‘record-breaking’ gas volumes amid rising prices
Costco saw “recording-breaking volumes” of gas sales and said rising fuel prices drove first-time members to its stations.
Kohl’s stock spikes 20% as slumping retailer says sales trends are improving
Kohl’s reported its best comparable sales growth in four years on Thursday even as it saw revenue decline.
Best Buy stock climbs 15% on earnings beat as retailer aims to reinvigorate sales
Best Buy reported better-than-expected earnings on Thursday as the company works toward turning around its sales slump.
Foot Locker returns to growth but weighs on Dick’s Sporting Goods as earnings miss
Since acquiring Foot Locker, Dick’s Sporting Goods sales have surged, but its profitability has taken a hit given the high costs of the brand’s turnaround.
Abercrombie shares jump 12% on earnings beat even as Iran conflict hits sales
Abercrombie & Fitch saw sales in Europe, Middle East and Africa decline by 10%, thanks in large part to the conflict in the Middle East.