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.
Best Buy cuts store jobs to help boost profits
The largest consumer electronics chain is reportedly cutting hundreds of jobs in home-entertainment as online shopper grows.
Walgreens is offering up to $75,000 to recruit pharmacists amid shortage
Walgreens typically offers signing bonus for pharmacists near $30,000 or $50,000, but due to staffing shortages, it is offering up to $75,000.
Johnson & Johnson to end sale of talc-based baby powder globally in 2023
Johnson & Johnson announced on Thursday that it will end global sales of talc-based baby powder and transition to an all cornstarch-based portfolio by 2023.
How inflation is hitting back-to-school essentials
School supplies are a necessary expense for many families. However, with surging inflation, the most popular items are going to make a bigger dent in consumers' wallets.
Inflation has shoppers fearing back-to-school items will strain budgets
Inflation-conscious shoppers are worried back-to-school shopping will further strain their wallets and are turning to different money-saving tactics to get by.
Bed Bath & Beyond downgrade slams stock
Investment firm Baird has placed an underperform rating and $4 price target on Bed Bath & Beyond's stock. The retailer's shares are down more than 36%.
Karns Foods CEO: 'Acceleration coming' to food, grocery inflation
Karns Foods CEO Scott Karns warns he doesn't see food prices deflating due to multiple market disruptions.
Zales parent Signet Jewelers to buy online jewelry platform Blue Nile
The $360 million deal comes as Signet is looking to widen its portfolio and customer base following a sales slowdown in July.
Online prices fall for the first time in 2 years
Online prices have declined for the first time in two years, providing consumers some relief after 25 consecutive months of persistent inflation online, according to Adobe.
Bed, Bath & Beyond stock on best nine day stretch on record
Meme investors are driving Bed, Bath & Beyond to its best nine-day stretch on record. The interest is also lifting other meme members, including AMC Entertainment and GameStop.
Can you shop at Costco without a membership? A breakdown of the retail giant's membership plans
Costco is a retail warehouse that allows customers to purchase items at discounted prices as long as they sign up for an annual membership.