Retailers say clothing demand is getting better. But it’s still kind of a mess.
After unwanted shirts and pants piled up in warehouses and stockrooms last year, clothing chains such as Gap Inc. and Urban Outfitters have said over the past two weeks they’ve had an easier time selling clothing through the summer without slashing prices so aggressively. But with Black Friday and the holiday season’s most hectic shopping […]
Retailers cast doubt on Black Friday, holiday 2023 spending
A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov. 21, 2023. Saul Loeb | AFP | Getty Images There’s a dark cloud hanging over Black Friday. A slew of retailers have issued tepid, cautious or downright disappointing fourth-quarter outlooks over […]
Durable-goods orders tumble and show little sign of recovery among manufacturers
The numbers: Orders for durable or long-lasting goods sank 5.4% in October because of fewer contracts for Boeing passenger planes, but most other manufacturers also reported somewhat weaker demand. Economists polled by the Wall Street Journal had forecast a 3.4% decline. If airplanes and cars are stripped out, new orders were flat last month,… Master your […]
American Eagle (AEO) earnings Q3 2023
American clothing and accessories retailer American Eagle store seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | Lightrocket | Getty Images Shares of American Eagle plummeted nearly 16% on Tuesday after the company issued a holiday forecast that failed to impress. For its holiday quarter, American Eagle expects sales […]
S&P 500 futures stall amid Nvidia caution as trading thins ahead of holidays
U.S. stock futures were little changed Wednesday heading into the last full trading day of the week as Nvidia shares dip after earnings. How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA fell 63 points, or 0.18%, to 35088, the S&P 500 SPX declined 9 points, or 0.2%, to 4538, and […]
Nordstrom (JWN) earnings Q3 2023
Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Nordstrom on Tuesday said sales slid by nearly 7% year over year, echoing other retailers’ comments about weaker demand and budget-pressured consumers. Yet the department store operator reiterated its full-year sales outlook, […]
Opinion: Nvidia’s biggest risk to its outlook right now is China
Wall Street mostly got what it was hoping for with Nvidia Corp.’s fiscal fourth-quarter forecast and its optimism about the coming year, but questions about future sales to China still loom, and pose the chip maker’s biggest uncertainty. On Tuesday, Nvidia set another record for earnings and revenue in the third quarter, where revenue of […]
Disney needs an animation hit: Is it Wish?
Ariana DeBose stars as Asha in Disney’s new animated film “Wish.” Disney Disney is wishing on a shooting star this week, hoping that its celebratory 100th anniversary film “Wish” will mark a turning point for its beleaguered animation division and jumpstart the Thanksgiving box office. The House of Mouse posted its biggest year ever theatrically […]
Nvidia’s stock falls ahead of earnings
Nvidia Corp.’s stock has been on a monster run this year. Can the rally keep going after Tuesday afternoon’s earnings report? Shares of Nvidia NVDA are up 242% so far in 2023, though they’re off 0.8% Tuesday with about an hour left of trading. While Nvidia’s stock barely budged after the company’s prior earnings report, […]
Abercrombie & Fitch (ANF) earnings Q3 2023
Abercrombie & Fitch. Courtesy: Abercrombie & Fitch Abercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister. The longtime mall retailer, which has bounced back after years of stagnation, also raised its outlook again […]
