Markets

Bank of America projects a slowdown in holiday spending this year — and singles out 3 retailers that could outperform the trend

Holiday season spending is set to slow this year due to warmer weather, a shorter holiday, increased inventory, and trade-war tariffs, Bank of America Merrill Lynch analysts wrote Monday. The US consumer “remains strong” despite economic warning signs, they added. Aaron’s,Burlington, and Target should outperform the retail industry should spending […]
Bank of America projects a slowdown in holiday spending this year — and singles out 3 retailers that could outperform the trend
Markets

Nordstrom is seeing an early warning sign of an inventory problem, analyst says

Nordstrom on Tuesday posted holiday comparable sales growth that were in line with Wall Street estimation. But the retailer’s comparable sales in full-price only grew 0.3%, below its expectations. “Softer full-price trends set the stage for higher 4Q markdowns and inventory worries,” said Simeon Siegel, an analyst at Nomura Instinet. […]
Nordstrom is seeing an early warning sign of an inventory problem, analyst says
Markets

Target pops after raising guidance thanks to strong holiday sales

Target shares rose by as much as 4.82% to $US70.42 during pre-market trading Tuesday after the retailer beat market expectations for holiday sales. The company reported same-store sales rose 3.4% in the November to December period, easily beating the 0% to +2% range that Wall Street was expecting. Target raised […]
Target pops after raising guidance thanks to strong holiday sales