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July 17, 2021

Macy's Inc

Former Macy’s CEO says retailers welcome rising prices on apparel after stagnant decade

CNBC
CNBC – For more and to sign up click here Retired retail executive Terry Lundgren told CNBC on Friday that rising inflation will not be a point of tension in the apparel market. Lundgren, former executive chairman and chief executive of Macy’s, said in fact the industry welcomes what he......

Bloomingdale’s is getting ready to open its first-ever Bloomie’s store. Here’s a look inside

CNBC
CNBC – For more and to sign up click here A rendering of the exterior of Bloomingdale’s new small-format location, called Bloomie’s. Source: Bloomingdale’s PR Bloomie’s isn’t just a nickname anymore. The luxury department store chain Bloomingdale’s announced Wednesday that it will use the moniker for a new location, opening......

Shuttered fitting rooms anger shoppers and boost returns. How these retailers are trying to fix that

CNBC
CNBC – For more and to sign up click here Marcos del Mazo | LightRocket | Getty Images On a recent trip to the fast-fashion retailer Zara, 20-year-old Katherine Hearden loaded up on tops, shorts and dresses in multiple sizes. With Zara’s dressing rooms still closed due to Covid-related restrictions,......

Target unveils sustainability goals, pledging to keep its products out of landfills, create net-zero emissions by 2040

CNBC
CNBC – For more and to sign up click here Target is known for its exclusive merchandise, with private label brands for everything from arts and craft supplies to apparel. Now, the retailer is pledging to make all those products more environmentally sustainable. It said Tuesday it will design items......

Stocks making the biggest moves in the premarket: MicroStrategy, Coinbase, Raven Industries & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: MicroStrategy (MSTR) – MicroStrategy shares tumbled 8.7% in premarket trading amid a slide in bitcoin prices following the expansion of China’s crackdown on bitcoin mining. The business analytics......

As ‘buy now, pay later’ apps become more popular, proceed with caution

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CNBC – For more and to sign up click here Tom Werner | DigitalVision | Getty Images Retailers are making it easier than ever to make purchases with “buy now, pay later” loans. Also known as point-of-sale installment loans, they are a type of short-term financing that allow you to......

National Retail Federation boosts its annual forecast, expects ‘fastest growth that we’ve seen in this country since 1984’

CNBC
CNBC – For more and to sign up click here Shoppers wear protective masks inside the Glendale Galleria shopping mall in Glendale, California, on Thursday, May 6, 2021. Bing Guan | Bloomberg | Getty Images One of the country’s largest retail trade groups, the National Retail Federation, boosted the industry’s......

One year after George Floyd’s death: 6 reflections on corporate America’s progress

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CNBC – For more and to sign up click here People march in honor of George Floyd on May 23, 2021 in Minneapolis, Minnesota. The National Action Network and members of George Floyd’s family hosted an inaugural remembrance to honor the life of Floyd, who was killed by former Minneapolis......

Nordstrom shares fall as earnings and 2021 outlook disappoint

CNBC
CNBC – For more and to sign up click here Nordstrom reported Tuesday better-than-expected fiscal first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear for social outings. But its stock tumbled around 7% in extended trading as the retailer booked a wider-than-expected......

After George Floyd was killed, retailers pledged to put Black-owned brands on shelves. Here’s how it’s going

CNBC
CNBC – For more and to sign up click here Cora and Stefan Miller started a hair care company after they had their son, Kade, and struggled to find hair products for him. Young King Hair Care is now sold by Walmart and Target. When Cora Miller had her son,......

U.S. Covid cases hit lowest level since June as nation looks toward Memorial Day, summer travel

CNBC
CNBC – For more and to sign up click here People crowd outdoor dining at a restaurant as coronavirus disease (COVID-19) restrictions are eased in Ann Arbor, Michigan, U.S., April 4, 2021. Emily Elconin | Reuters Covid cases in the U.S. have dropped to their lowest level since June as......

Stocks making the biggest moves in the premarket: Target, Lowe’s, MicroStrategy, CarMax & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.69 per share for the first quarter, well above the $2.25 a share consensus estimate, with revenue also above analysts’ projections. Comparable-store sales......

Target reports first-quarter earnings before the bell. Here’s what to expect

CNBC
CNBC – For more and to sign up click here Shoppers at a Target store in New York. Scott Mlyn | CNBC Target will report its fiscal first-quarter earnings on Wednesday before the bell. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Earnings per share: $2.25 Revenue:......

Stock futures are flat ahead of more retail earnings

CNBC
CNBC – For more and to sign up click here U.S. stock futures were flat in overnight trading on Tuesday ahead of more retail earnings. Dow futures fell about 25 points. S&P 500 futures dropped 0.1% and Nasdaq 100 futures rose 0.05%. On Tuesday, the major averages ended the day......

‘The Big Short’ investor is now betting against Tesla: CNBC After Hours

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CNBC – For more and to sign up click here CNBC.com’s Pippa Stevens brings you the day’s top business news headline. On today’s show, Lora Kolodny breaks down the news that Michael Burry’s regulatory filings revealed a short position against Tesla. Plus, Alex Sherman explains how the WarnerMedia merger with......

Macy’s CEO says its robust sales gains aren’t a ‘short-term pop’

CNBC
CNBC – For more and to sign up click here Jeff Gennette, CEO of Macy’s. Getty Images Macy’s said Tuesday that the huge sales gains it posted in the first quarter aren’t a fluke. “We don’t see this as a short-term pop,” Chief Executive Jeff Gennette said during an earnings......

Stocks making the biggest moves in the premarket: Macy’s, Home Depot, Walmart, Tesla & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Macy’s (M) – The retailer earned 39 cents a share for the first quarter, including 1 cent a share from real estate-related gains, compared to expectations of a......

Stock futures rise slightly after Wall Street’s worst week since February

CNBC
CNBC – For more and to sign up click here Traders on the floor of the NYSE. Source: NYSE Stock futures edged up in overnight trading on Sunday as the market looked to continue to rebound from last week’s sell-off triggered by inflation jitters. Futures on the Dow Jones Industrial......

Cramer’s week ahead: Retail earnings and consumer spending

CNBC
CNBC – For more and to sign up click here Investors will get to learn more about the pandemic’s ongoing impact on the consumer economy as retailers prepare to issue quarterly earnings reports, CNBC’s Jim Cramer said Friday. The industry will have its time in the spotlight on Wall Street......

Earnings reports and the Fed will test the market rally in the week ahead

CNBC
CNBC – For more and to sign up click here A Wall Street sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021. Brendan McDermid | Reuters Investors will see whether stocks carry their newfound momentum into the week ahead, as major retailers,......

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