Macy's cuts full-year forecasts as inflation hits department store spending
The company forecast 2022 net sales of $24.34 billion to $24.58 billion, compared with its previous outlook of $24.46 billion to $24.70 billion.
Regal Cinemas owner considers bankruptcy, Fed's possible next rate hike and more: Tuesday's 5 things to know
Regal Cinemas owner Cineworld, may file for Chapter 11 as a strategic option after ticket sales have fallen and costs rise. Retail earnings reports and home sales data are also on tap.
'Inflation, crime and COVID' could wreck retail earnings season: Flickinger
Strategic Resource Group managing director Burt Flickinger and Jackson Square Capital CEO Andrew Graham discuss how the shift in consumer spending due to inflation could impact earnings in the retail space on 'The Claman Countdown.'
Tesla price hike, retailers report earnings, home sales and more: Monday's 5 things to know
Elon Musk said Tesla's Self-Driving System, or FSD, will increase to $15,000 from $12,000 beginning Sept. 5. More retail earnings, home sales and durable goods orders are due this week.
Kenny Polcari on current state of markets: 'Inflation is not dead'
Kace Capital Advisors CEO Kenny Polcari joins 'Maria Bartiromo's Wall Street' to react to major companies beginning to conduct layoffs around the nation.
Polcari: The Fed needs to ‘stay on top of it’
Slatestone Wealth chief market strategist Kenny Polcari weighs predictions for the market and urges the Fed to stay strong in attempts to control inflation.
Cryptos fall, BBBY shares continue drop and more: Friday's 5 things to know
Traders will watch the drop in cryptocurrencies and the continued fall in shares of Bed, Bath & Beyond after investor Ryan Cohen sold shares.
Market getting comfortable with bad news, but the hits will keep coming: Expert
Meridian Equity Partners senior managing partner Jonathan Corpina and Prosper Trading Academy CEO Scott Bauer debate where they see this investing cycle heading next on 'The Claman Countdown.'
Kohl's cuts annual forecasts as inflation squeezes demand
High inflation has made Americans less inclined to spend on clothing, shoes and other non-essentials, pressuring demand at retailers and leaving them with bloated inventories.
Bed, Bath & Beyond plunges, jobless claims and more: Thursday's 5 things to know
Thursday morning will see a take of two stocks, Bed, Bath & Beyond is falling, while Wolfspeed is soaring. Reports on homes sales and jobless claims are also on tap.
Headache for consumers due to inflation, slowing economy beginning: Former Toys 'R' Us CEO
Former Toys 'R' Us CEO Gerald Storch argues that sentiment is reflected in retail earnings reports and the new data that showed Americans pulled back on spending at stores in July.
DIY stocks 'knocked it out of the park': Market expert
Refinitiv Director of Consumer Research Jharonne Martis says consumers currently see value in investing in their homes after a strong Home Depot earnings report.
Target profit slumps as discounts fail to spur spending by inflation-weary consumers
U.S. retailers including Target and Best Buy Co Inc. cut their profitability forecasts in recent weeks as consumers curtailed spending on items like apparel and electronics.
Lowe's posts surprise drop in comparable sales on slowing demand
Lowe's same-store sales decreased 0.3% in the second quarter, compared with analysts' average estimate of a 2.4% increase, according to Refinitiv IBES data.
Lowe's, Target earnings, retail sales and more: Wednesday's 5 things to know
Traders will have retailers on the mind in Wednesday's session as monthly sales are reported as well as earnings from Lowe's and Target.
Market expert predicts 'bull stampede' to follow earnings season
Payne Capital Management President Ryan Payne says money managers are sitting on a lot of cash and looking to get back into the market.
Discretionary categories weaken as inflation cuts consumer budgets: Analyst
CFRA senior equity analyst Arun Sundaram unpacks earnings patterns ahead of the holiday season and casts projection for retail stocks.
Retail earnings stay strong despite high inflation
CFRA senior equity analyst Arun Sundaram and Strategic Wealth Partners CEO Marc Tepper discuss markets as earning season continues.
Walmart expects smaller profit drop as discounts drive demand
Walmart's total revenue rose 8.4% to $152.86 billion in the second quarter, helped by demand for food and other essential items. The retailer's stock has fallen over 8% this year.
The Fed is 'bias' towards being dovish: Market expert
Gradient Investments President Michael Binger argues that markets believe inflation has already peaked.