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July 1, 2022

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Some shoppers balk at retailers peddling new ‘Juneteenth’ merchandise

Reuters
NEW YORK, June 19 (Reuters) – Clothing retailer Kohl’s (KSS.N) is offering gray, green and red “Juneteenth 1865” tank tops and t-shirts for juniors and boys for $23.99. JCPenney.com hopes to lure shoppers with dozens of wall hangings featuring abstract graphic designs and silhouettes of Black women, priced at $60......

Analysis: Investors worry that U.S. profit forecasts are too high

Reuters
A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Concerns are growing that U.S. corporate earnings are increasingly......

As top U.S. retailers drown in goods, rotation to services picks up inflation slack

Reuters
WASHINGTON, June 9 (Reuters) – Major retailers like Target Corp (TGT.N) and Walmart Inc (WMT.N) may be cutting prices to clear overstocked warehouses, but for hotel operators the revenue is pouring in with daily room rates and occupancy that have broken above pre-pandemic levels. The pace of used car price......

Asia stocks advance as investors weigh impact of hawkish central banks

Reuters
A woman holding an umbrella walks near an electric board showing Nikkei index at a brokerage in Tokyo, Japan February 15, 2021. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 8 (Reuters) – Asia stocks rose on Wednesday, encouraged by a rally on Wall......

Target warns of more margin squeeze as excess inventory weighs

Reuters
June 7 (Reuters) – Target Corp (TGT.N) on Tuesday cut its quarterly profit margin forecast issued just weeks earlier, and said it would have to offer deeper discounts to clear inventory as decades-high inflation takes a toll on demand. The surprise outlook revision sent shares of Target down nearly 7%......

Biden, baby formula execs to meet on efforts to ease shortage

Reuters
June 1 (Reuters) – U.S. President Joe Biden will meet with major infant formula manufacturers on Wednesday as his administration presses ahead with efforts to boost imported supplies to help ease a nationwide shortage. Multiple global suppliers are seeking U.S. approval to ship critical baby formula as Biden’s administration accelerates......

Wall St. Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

Reuters
NEW YORK, May 27 (Reuters) – Bad news may once again be good news on Wall Street, as signs of slowing U.S. growth fan hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while......

Costco margins hit by rising freight and labor costs, shares slip

Reuters
A Costco Wholesale retail club is photographed in Austin, Texas, U.S. on December 12, 2016. Picture taken December 12, 2016. REUTERS/Mohammad Khursheed Register now for FREE unlimited access to Reuters.com Register May 26 (Reuters) – Costco Wholesale Corp (COST.O) reported a fall in gross margins on Thursday, hit by soaring......

Best Buy earnings expected to fan inflation gloom gripping America’s retailers

Reuters
A person enters a Best Buy store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 23 (Reuters) – Expectations are running low for electronics retailer Best Buy Co Inc’s (BBY.N) quarterly earnings on Tuesday after results from......

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

Investors jolted as U.S. retailers show inflation hitting consumers

Reuters
NEW YORK, May 19 (Reuters) – The evidence of red-hot inflation seeping into the economy is sending a chill through investors after major U.S. retailers showed people are cutting back on buying bigger ticket items as they just try and get by. Investors wiped almost 25% off Target (TGT.N) shares......

T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

Reuters
A T.J. Maxx store which is owned by TJX Cos Inc in Pasadena, California U.S., May 15, 2017. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting......

U.S. to allow baby formula imports amid nationwide shortage

Reuters
Empty shelves show a shortage of baby formula at CVS in San Antonio, Texas, U.S. May 10, 2022. REUTERS/Kaylee Greenlee Beal/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 16 (Reuters) – The United States will allow baby formula imports from foreign makers that do not......

Exclusive: Maker of Walmart, Amazon store-brand baby formulas sees shortages through rest of 2022

Reuters
NEW YORK, May 13 (Reuters) – Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers, including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O), expects shortages and heightened demand to last for the “balance of the year,” Chief Executive Murray Kessler told Reuters in an interview. The Biden administration......

U.S. importers turn to prayer and the President as West Coast port labor talks begin

Reuters
Crude tankers are shown at the port of Long Beach, California, U.S., March 8, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, May 10 (Reuters) – For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and......

Major U.S. retailers limit baby formula purchases on shortage

Reuters
CVS Health logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register May 10 (Reuters) – U.S. retailers including Target Corp (TGT.N), CVS Health Corp (CVS.N) and Walgreens Boots Alliance (WBA.O) said on Tuesday they......

Analysis: Oil shock is coming, but U.S. may have already paid for it

Reuters
WASHINGTON, March 10 (Reuters) – The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited with speeding the rebound from the health crisis, may now help limit the economic damage from Russia’s invasion of Ukraine and give the Federal Reserve more leeway in......

U.S., Canada motorists weigh cuts to spending as gas prices surge to record

Reuters
ATLANTA, March 8 (Reuters) – At a Kroger (KR.N) station in Atlanta, general contractor L.W. Boyd had two fuel spigots going at the same time – pumping diesel into two giant tanks in the bed of his Ford F150 truck – fearful that already-high gasoline prices will just keep rising.......

Dollar Tree sees dull 2022 sales as Americans spend cautiously

Reuters
Discount store misses market expectations for holiday quarter Completes conversion of selling at $1.25 two months ahead of schedule Consumer purse-tightening seen affecting 2022 sales March 2 (Reuters) – Dollar Tree Inc (DLTR.O) on Wednesday missed Wall Street expectations for quarterly sales and flagged insipid annual sales, in another sign......

$10 toothpaste? U.S. household goods makers face blowback on price hikes

Reuters
A display of Colgate toothpaste is seen on a store shelf in Westminster, Colorado April 26, 2009. REUTERS/Rick Wilking/Files Register now for FREE unlimited access to Reuters.com Register March 1 (Reuters) – Get ready for the $10 tube of toothpaste. Colgate-Palmolive Co (CL.N) CEO Noel Wallace said last week at......

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