Department Stores

Macy's Inc (NYSE: M) reported a third-quarter FY22 sales decline of 3.9% year-on-year to $5.23 billion, beating the consensus of $5.20 billion. Comparable sales decreased 3.1% on an owned basis and down 2.7% on an owned plus licensed basis versus Q3 2021. The operating margin...

The CNN Money Fear and Greed index showed slight easing in the overall market sentiment among US investors after the Wall Street closed lower on Wednesday. Target Corporation (NYSE: TGT) issued weak holiday-sales forecast, sending its shares down over 13% on Wednesday. Shares of other retailers,...

Macy's Inc (NYSE: M) said it plans to hire more than 41,000 full- and part-time workers in the wake of the holiday shopping season ahead. The job requirements are at Macy's, Bloomingdale's, and Bluemercury stores, supply chain locations, and call centers. Amidst the...

Walmart Inc (NYSE: WMT) looks to hire 40,000 workers in seasonal and full-time roles ahead of the big holiday season. Walmart's new workers this year will include seasonal U.S. store associates, truck drivers in full-time positions, and service staff at call centers. The hiring...

Evercore ISI Group raised the price target for Netflix, Inc. (NASDAQ: NFLX) from $245 to $300. Netflix shares rose 2% to $228.50 in pre-market trading. Berenberg boosted the price target on Hyatt Hotels Corporation (NYSE: H) from $85 to $105. Hyatt shares rose 0.9% to $94.10 in pre-market...

Deutsche Bank raised the price target on Starbucks Corporation (NASDAQ: SBUX) from $93 to $101. Deutsche Bank analyst Brian Mullan maintained the stock with a Buy rating. Starbucks shares fell 0.3% to $92.45 in pre-market trading. Jefferies cut Macy's, Inc. (NYSE: M) price target from $30...

Macy's Inc (NYSE: M) is expecting an early start to holiday season shipping this year, Reuters reported. The statement is in contrast to Best Buy Co Inc's (NYSE: BBY) standing that there was uncertainty about shopping trends due to inflation-driven uncertainty...

Macy's (NYSE: M) reported better-than-expected Q2 results on Tuesday. However, Macy's reduced its FY22 sales guidance to $24.34 billion - $24.58 billion from the previously expected $24.46 billion – $24.7 billion, against the consensus of $24.36 billion. The company lowered the FY22...

Rosenblatt cut the price target on Twitter, Inc. (NYSE: TWTR) from $52 to $37. Rosenblatt analyst Barton Crockett also downgraded the stock from Buy to Neutral. Twitter shares fell 0.1% to $39.83 in pre-market trading. Baird boosted Nordson Corporation (NASDAQ: NDSN) price target from $232 to...

U.S. stocks dropped on Tuesday, with the CNN Money Fear and Greed index inching toward the "fear" zone. However, the index still remained in the "neutral" zone on Wednesday. U.S. private-sector business activity contracted for a second month in a row during the month of August....

U.S. stocks closed mostly lower with the Dow Jones dropping more than 150 points on Tuesday. Here is the list of some big stocks moving higher in the previous session. Aerie Pharmaceuticals, Inc. (NASDAQ: AERI) shares jumped 36% to close at $15.16. Alcon AG (NYSE: ALC) agreed to acquire Aerie...

U.S. stocks closed mostly lower on Tuesday. Macy's, Inc. (NYSE: M) shares, however, gained around 3.8% on Tuesday after the company reported better-than-expected Q2 results. Let’s have a look at the major economic events scheduled for today. The MBA's index of mortgage application...

Yet overnight, equity index futures were well off their highs. After yesterday’s drop, investors may be realizing that they simply had gotten too carried away with the Fed’s suspected dovishness and now the market may be swinging back to more realistic expectations. As I said yesterday...

Macy's Inc (NYSE: M) reported a second-quarter FY22 sales decline of 0.83% year-on-year to $5.60 billion, beating the consensus of $5.49 billion. Comparable sales decreased 1.5% on an owned basis and down 1.6% on an owned plus licensed basis versus Q2 2021. Comparable sales...

We begin the week with indices lower into the cash open as investors and traders express concerns ahead of comments from Federal Reserve chairman Jerome Powell at Friday’s Jackson Hole symposium. Fed speakers during the last couple weeks seem to be looking past some of the softer-than-...