Company-specific problems such as messy stores, worker safety concerns and limited e-commerce businesses have also hurt the dollar stores. And the past two years of high inflation have played out differently than in the Great Recession, Piper Sandler’s Keith said. During the roughly 2007-to-2009 period, middle- and upper-income households started shopping more at the dollar […]
Read More
As shoppers have less money to go around, they are cutting out weaker retailers, said Neil Saunders, managing director of GlobalData Retail. Choosy consumers have made the gulf between successful and struggling retailers even more stark heading into the holiday shopping season, said Neil Saunders, managing director of GlobalData Retail. Holiday spending in November and […]
Read More
Clothing and shoe purchases lifted the company’s performance, with sales of women’s apparel and activewear jumping by double digits year over year. On the company’s earnings call, however, he said Nordstrom saw “a noticeable decline in sales trends towards the end of October.” It factored that slowdown into its holiday expectations, he said.
Read More
It expects full-year comparable sales to decline by between 2.5% and 3.5%, compared with its prior expectations of a 1.5% to 3% drop Barry added that in recent weeks demand has picked up again as holiday sales gain momentum and election concerns ease. Still, for the holiday quarter, Best Buy has muted expectations.
Read More
Other companies, including Tractor Supply and Molson Coors, have also walked back some of their equity and inclusion policies in recent months. In a statement, Walmart said it is “willing to change alongside our associates and customers who represent all of America.”
Read More
Several analysts downgraded Target’s stock, saying it is losing share to Walmart and Amazon. The sharp differences between the two big-box retailers — and how their businesses are executing in the same economic backdrop — illustrate where consumers are willing to spend money and where they are pulling back as they remain selective about spending. […]
Read More
