Retailers report modest gains for April Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
HTC Expects Brighter Second Quarter Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More
Mobile Efforts Help Propel Facebook’s Earnings Facebook was once a darling of investors, then a turnoff. Now, a year after going public, the social network seems to have settled into a more stable relationship with Wall Street. But the company has still been taking pains to prove that it can make more money from its base of more than a billion users, especially from those using Facebook on mobile devices. More
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J.C. Penney ad apologizes to customers The ad comes after the Plano, Texas-based company last month fired its CEO, Ron Johnson, after 17 months on the job and rehired his predecessor Mike Ullman. Johnson's ambitious changes included getting rid of most sales and bringing in new, hip brands. More
Walmart details importance of grocery during Q3 earnings BENTONVILLE, ARK. — Grocery remained a catalyst for Walmart in the fiscal 2025 third quarter as the retail giant beat Wall Street’s high-end earnings projection and generated across-the-board sales ... 11/25/2024 - 5:35 am | View Link
Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in erroneously reported expenses. The company said it discovered the issue ... 11/25/2024 - 5:23 am | View Link
Macy's delays its earnings report after employee hid more than $100M in expenses Macy’s said it would delay its third-quarter earnings release after an investigation revealed an employee hid more than $100 million of expenses. An employee “intentionally” made erroneous accounting ... 11/25/2024 - 4:44 am | View Link
Target's Post-Earnings Plunge Looks Like a Gift for Long-Term Investors Despite missing Wall Street's expectations, Target's 2024 third-quarter results revealed several bright spots. Digital comparable sales grew ... 11/24/2024 - 10:59 pm | View Link
Cramer's week ahead: Earnings from Dell, CrowdStrike and several big retailers Best Buy, Abercrombie & Fitch, Kohl’s, Macy’s, Burlington Stores and Dick’s Sporting Goods all report Tuesday. 11/22/2024 - 10:46 am | View Link
Macy’s reported weaker-than-expected preliminary sales for the fiscal third quarter and said it’s delaying the release of its quarterly earnings results after it discovered an up to $154 million accounting-related issue.
The department store chain, which also operates Bloomingdale’s and Bluemercury cosmetics chain in addition to its namesakes stores, was expected to report quarterly results on Tuesday.
The retailer said Monday that it identified an issue related to delivery expenses in one of its accrual accounts earlier this month.