Mandel Ngan | Afp | Getty ImagesCostco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains.Shares of the retailer fell about 4% in aftermarket trading. The retailer's stock had hit a 52-week high earlier in the day.The company...
As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same strategy: get deliveries to customers' doors quickly.This week, Target announced a new paid membership program with free same-day home deliveries as a key perk. Walmart expanded its same-day delivery...
Shoppers exit the Nordstrom at the Westfield Topanga mall on August 14, 2023. Christina House | Los Angeles Times | Getty ImagesNordstrom's holiday-quarter sales topped Wall Street's expectations on Tuesday, but the retailer gave a muted outlook for the year ahead. The Seattle-based company said it plans to open new Nordstrom...
A customer shops for holiday gifts in a Target store on December 21, 2023 in Austin, Texas. Brandon Bell | Getty ImagesTarget on Tuesday said it will launch a paid membership program next month, riffing off the playbook of its rivals Amazon and Walmart.The subscription tier, Target Circle 360, will...
The Target logo is seen on its store on 42nd Street in Times Square, New York City.Deb Cohn-Orbach | UCG | Universal Images Group | Getty ImagesTarget will report its holiday-quarter results and year-ahead outlook on Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are...
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.Andrew Kelly | ReutersBest Buy surpassed Wall Street's revenue and earnings expectations for the holiday quarter on Thursday, even as the retailer navigated through a period of tepid consumer electronics demand and guided to a...
A worker walks past televisions, including the Vizio brand, on display in a Walmart Supercenter on February 20, 2024, in Hallandale Beach, Florida. Joe Raedle | Getty ImagesWalmart is doing some shopping of its own.The retail giant announced last week that it plans to buy smart TV maker Vizio in...
People shop at the Macy's store on Herald Square on January 19, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesAs Macy's chases sales growth, the department store operator said Tuesday that it will close about 150 of its namesake stores and open more...
The Macy's logo is seen at its store in Herald Square in New York City on Jan. 19, 2024.Michael M. Santiago | Getty ImagesMacy's on Tuesday said sales fell nearly 2% in the holiday quarter, as the 166-year-old department store operator unveiled its strategy to get back to growth. Here's...
The Lowe's logo is displayed on the front of the store near Bloomsburg.Paul Weaver | Lightrocket | Getty ImagesLowe's on Tuesday beat Wall Street's quarterly earnings and revenue estimates, even as the company continued to see customers tackle fewer home projects.The home improvement was going up against lower expectations...