[ad_1] Target is stressing value this holiday season, as consumers feel pinched by inflation. At its store in New Jersey, signs that advertise low-priced items are more prominent than in previous years. Melissa Repko | CNBC FAIRFIELD, N.J. — Inside of this large store in the suburbs, Target is trying …
Read More »Goldman Sachs upgrades Gap, says stock can rally nearly 30% despite challenges facing retailers
[ad_1] The upcoming year provides a rough backdrop for retail, according to Goldman Sachs. But Gap is a name the firm expects to do well. Analyst Brooke Roach upgraded the Banana Republic and Old Navy parent to buy from neutral. She also hiked her price target to $18 per share …
Read More »Here’s what Black Friday sales tell us about the retail sector — and our top pick
[ad_1] The holiday shopping season got off to a solid start over the weekend, as Black Friday’s online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe’s online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. …
Read More »Retail expert Dana Telsey breaks down the holiday season’s potential winners and losers
[ad_1] This holiday season, Telsey Advisory Group CEO Dana Telsey expects more in-store shoppers and a movement away from spending on home improvement to clothing and beauty as consumers exit the pandemic mindset. But not all retail companies are on equal footing. “I think this holiday season’s gonna be about …
Read More »Big discounts equals high pressure for retailers
[ad_1] Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several of them reported a slowdown in sales heading …
Read More »This week’s best performers include several retail stocks and one exchange operator
[ad_1] It hasn’t been the best week for the broader market. The S & P 500 is down about 1% week to date, as investors weighed fresh commentary from Federal Reserve officials on inflation and monetary policy, which heightened concerns of even higher interest rates. Several retail stocks bucked the …
Read More »Ross Stores, Carvana, Coinbase, Rent the Runway and more
[ad_1] Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its …
Read More »Live Nation, Gap, Ross Stores, Palo Alto and more
[ad_1] Check out the companies making headlines in midday trading. Gap – The retailer popped 10% after beating Wall Street’s estimates for revenue. Gap also also gave a cautious outlook for the holiday season. Palo Alto Networks – Shares of the cybersecurity provider added 6.5% after beating expectations for revenue …
Read More »Gap (GPS) earnings Q3 2022
[ad_1] Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap on Thursday beat Wall Street’s quarterly revenue expectations, but gave a cautious outlook for the holiday season. The apparel retailer — which includes its namesake …
Read More »5 things to know before the stock market opens Monday, November 14
[ad_1] Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., November 11, 2022. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. A little fall sunshine Stocks are coming …
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