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April 14, 2021

Macy's Inc

Crumpled clothes and bare shelves: As retailers like Walmart, Macy’s woo customers back, some have to clean up shop

CNBC
CNBC – For more and to sign up click here A man shops for clothes in Macy’s department store in Herald Square, New York. Trevor Collens | AFP | Getty Images Crumpled piles of clothes. Unpacked boxes of inventory. Half-empty shelves. And employees rushing through aisles to grab items for......

Target says it will spend more than $2 billion with Black-owned businesses by 2025

CNBC
CNBC – For more and to sign up click here People stand in line at Target in Kips Bay during the coronavirus pandemic on April 14, 2020 in New York City. Noam Galai | Getty Images Target said it will hire more Black-owned companies, launch a program to identify and......

A hint of what’s to come for dying malls: Phoenix mall owner sells out as property is rezoned for other uses

CNBC
CNBC – For more and to sign up click here Macerich’s Paradise Valley Mall in Phoenix, AZ. Google Earth The future of the suburban shopping mall could look something like a mini community, with far fewer places to shop. The U.S. mall owner Macerich announced Thursday it’s sold a majority......

Macy’s CEO says company is already benefiting from vaccinations and stimulus checks

CNBC
CNBC – For more and to sign up click here Macy’s CEO Jeff Gennette told CNBC on Tuesday the uptick in U.S. Covid-19 vaccinations is already having a positive effect on the company’s top line. Gennette said business from loyal Macy’s customers is already up by 10% from the company’s......

Amazon unseats Walmart to become the No. 1 apparel retailer in the US, UBS says

CNBC
CNBC – For more and to sign up click here Jeff Bezos, head of Amazon, can be seen on the fringes of the company’s novelties event. Andrej Sokolow | picture alliance | Getty Images Amazon has surpassed Walmart as the No. 1 apparel retailer in the U.S., according to new......

Walmart taps designer, Project Runway judge Brandon Maxwell to elevate its fashion labels

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CNBC – For more and to sign up click here Walmart has hired Brandon Maxwell as creative director of its elevated fashion brands. Walmart Walmart wants to make a name for itself in fashion. It has tapped Brandon Maxwell, a designer who dresses celebrities from Lady Gaga to Michelle Obama,......

The Fed could be a catalyst for bonds, and that could drive growth stocks in week ahead

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange Source: NYSE Bonds could be volatile in the week ahead. If yields go higher, that could make it difficult for big tech and other growth stocks to gain traction. Rising......

Nordstrom shares fall as shipping delays boost retailer’s inventory heading into 2021

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CNBC – For more and to sign up click here The Nordstrom sign is seen on the front of the company’s flagship store in Seattle. The luxury retailer is expected to report its first quarter earnings soon. Due to the COVID-19 pandemic, many of the company’s locations are closed. Toby......

Kohl’s says it has no plans to sell more real estate and lease it back. Here’s why

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CNBC – For more and to sign up click here A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Kohl’s said Tuesday that it isn’t planning to sell any of its real estate to then lease back, despite a group of activists pressuring the company......

Kohl’s shares rise after retailer posts better-than-expected earnings, sees sales growth in 2021

CNBC
CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Tuesday reported fourth-quarter earnings and sales that topped analysts’ estimates, and pointed to stronger growth in......

Target is set to report earnings before the bell. Here’s what the Street expects

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CNBC – For more and to sign up click here People exit Target store in Midtown Manhattan on August 19, 2020 in New York. Eduardo Munoz Alvarez | Corbis News | Getty Images Target will report its fourth-quarter earnings before the bell on Tuesday, as it tries to sustain gains......

Macy’s Operating Chief Harper to depart, the post will remain vacant amid other leadership changes

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CNBC – For more and to sign up click here Macy’s Herald Square Flagship Department Store in Midtown Manhattan New York. Nicolas Economou | NurPhoto | Getty Images Macy’s announced Monday a number of management changes as the department store looks to overhaul its business and woo back customers who......

At-home fitness company Tonal to open shops within 40 Nordstrom stores

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CNBC – For more and to sign up click here Nordstrom will be opening 40 mini Tonal shops inside its stores, beginning in March 2021. Source: Nordstrom PR Nordstrom is searching for ways to grow its active business, while it also adds more merchandise to its stores beyond dresses, shoes,......

U.S. retail sales to rise 6.5% to 8.2% in 2021, as Covid vaccine triggers fastest economic growth in over two decades, NRF says

CNBC
CNBC – For more and to sign up click here Customers wearing protective masks exit a Uniqlo store in San Francisco, California, on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images Retail sales are expected to grow this year between 6.5% and 8.2%, amounting to more......

Stocks making the biggest moves premarket: Home Depot, Palo Alto Networks, Shopify, AMC & more

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer beat quarterly estimates by 3 cents with earnings of $2.65 per share. Revenue came in above estimates as well. Comparable store sales jumped 24.5%......

S&P 500 futures fall amid Big Tech’s slide, Nasdaq futures drop 1.5%

CNBC
CNBC – For more and to sign up click here U.S. stock futures were lower in early Tuesday trading as tech stocks continued to fall sharply in the face of higher interest rates and a rotation into stocks more linked to the economic comeback. S&P 500 futures lost 0.5%, giving......

Kohl’s shares soar as activist investor group looks to add 9 directors to board

CNBC
CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s shares soared more than 9% in premarket trading Monday after a group of activist investors confirmed it......

Stronger economic data could power stocks that thrive in a rebound in the week ahead

CNBC
CNBC – For more and to sign up click here The bull of Wall Street is seen during the pass of the snowstorm on January 31, 2021 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images A decline in new Covid infections, along with......

Retailers trade Fifth Ave. for Worth Ave. as Palm Beach scene thrives with Americans heading South

CNBC Real Estate
An aerial view over downtown West Palm Beach, where RH in December 2017 opened an 80,000-square-foot, mansion-like store with a rooftop restauratnt. Source: Indiehouse Films WEST PALM BEACH, Fla. — Retailers, restaurants and other business owners want to be where the people are. And people are moving to South Florida......

Fashion brands see sales rebounding—eventually. Europe’s murky outlook could snag growth

CNBC
CNBC – For more and to sign up click here A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim |......

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