Tag: Retail industry

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TJX tops earnings estimates but issues light guidance ahead of uncertain growth path

TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer.Despite the strong quarter and end...

Companies — profitable or not — make 2024 the year of cost cuts

Mathisworks | Digitalvision Vectors | Getty ImagesCorporate America has a message for Wall Street: It's serious about cutting costs this year.From toy and cosmetics...

CVS to close ‘select’ pharmacies in Target stores in the coming months

CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the...

American Dream mall in N.J. briefly evacuated on Black Friday over bomb threat

American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019....

Home Depot earnings beat, but retailer offers a tepid outlook as sales slide

Home Depot's quarterly sales declined 3% from the year-ago period, but topped Wall Street's expectations as customers chipped away at more modest projects and...

Big Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boom

The snack aisle is seen during a tour of a new Amazon Go store in the Capitol Hill neighborhood of Seattle, Washington, U.S., on...

Lululemon ups guidance after ‘strong’ growth in China boosts quarterly sales

A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California.Justin Sullivan | Getty ImagesLululemon raised its full-year guidance Thursday after...

Aldi is getting bigger. Here’s why the no-frills German grocer is looking to the Southern U.S. for growth

No-frills discounter Aldi is the latest grocer to shake up the industry with big moves.The German retailer announced this week that it plans to...

Inter Miami Owner expects Lionel Messi signing to double revenues and franchise value over the next year

Major League Soccer's hottest new star is already paying off for Inter Miami.All-time soccer great Lionel Messi's arrival is expected to double the club's...