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.
Walmart earnings call reveals baby formula supplies are growing following shortage
Walmart reported that baby formula supplies are growing during their quarterly earnings report on Tuesday, after a long baby formula shortage in the U.S.
Amazon hiking third-party seller fulfillment fees for holiday season
The e-commerce behemoth, which has previously absorbed its cost increases during the holidays, has warned that "seasonal expenses are reaching new heights."
Meme stock Bed Bath & Beyond soars after investor Ryan Cohen's latest bets
Bed Bath & Beyond extended gains after an SEC filing showed GameStop investor Ryan Cohen bought call options in the retailer, stoking meme interest.
New Raspberry Rally Girl Scout cookie to join 2023 nationwide lineup
The Girl Scouts announced the Raspberry Rally as the newest cookie to join the organization's 2023 lineup. It is described as being similar to the Thin Mint.
Former Dallas Fed adviser on economy: We're not through the woods yet
Former Dallas Fed Adviser Danielle DiMartino Booth discusses the state of the economy, arguing the consumer is still consuming.
States expand sales-tax holidays as Americans feel price increases
20 states have lowered or abandoned their sales tax this year in time for back-to-school shopping to help consumers save money as the rate of inflation remains near a four-decade high.
Shanghai Ikea customers flee as officials attempt to lock down store
Viral video purportedly shows panicked shoppers scrambling to escape a Shanghai Ikea over the weekend as authorities shut down the store over COVID-19.
Judge approves $30.5M Apple settlement over retail employee bag checks
The lawsuit covers a group of 14,683 current and former Apple retail workers in California who argued they were not being paid for time spent while waiting and undergoing exit searches.
Walmart meets consumer spending changes with markdowns: CFRA analyst
CFRA senior equity adviser discusses Walmart's positive earnings and argues the retail giant has a positive approach to combating changes in consumer spending habits.
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.
Home Depot beats quarterly comparable sales estimates
The largest U.S. home improvement chain's comparable sales rose 5.8% for the second quarter, while analysts had expected a 4.9% growth, according to IBES data from Refinitiv.
Martha Stewart drops pumpkin spice CBD Wellness Gummies as limited-edition 'fall favorite'
Martha Stewart CBD launched a new wellness gummies product ahead of fall in a seasonal-favorite pumpkin spice flavor, the company shared in a press statement.
Over 2 million 4moms baby swings, rockers recalled over strangulation hazards; 1 death reported
Numerous 4moms MamaRoo Baby Swing and RockaRoo Baby Rockers sold at major retailers nationwide were recalled due to entanglement and strangulation hazards.
Is it too soon to celebrate better-than-expected inflation data?
'Barron's Roundtable' panel discusses if the latest inflation print will stop the Fed from raising rates.
Retailers facing challenges amid high inventories, labor shortages: Wells Fargo exec
Darrell Cronk, chief investment officer for Wealth & Investment Management, discusses earnings season and the expectations for major retailers as the companies are set to report this week.
American workforce shrinks, Tesla milestone and more: Monday's 5 things to know
Businesses continue to struggle to find employees for their openings, CEO Elon Musk reveals a new milestone for Tesla and a look at this week’s economic and earnings reports.