### Capitalizing on Macy’s Store Closures Macy’s has recently announced its plan to close around 150 stores, creating an opportunity for its retail competitors to seize the market share. The decision to shrink its footprint … Read more
The recent slide in Bitcoin prices did not deter Bernstein from raising its year-end forecast on Thursday. This news caused a swift rally in cryptocurrency prices and related stocks. According to a research note first … Read more
Target Doubles Bonus Payments for Salaried Employees Target is set to double its bonus payments to salaried employees this year as the retail giant’s profits bounce back from a challenging two-year period. This increase in … Read more
Target missed the bullseye by a wide margin in the third quarter as the discount retailer felt the brunt of a consumer spending slowdown in more discretionary merchandise. “In the latter weeks of the quarter, … Read more
Walmart on Tuesday said sales grew more than 8%, but profits tightened in the fiscal second quarter, as consumers turned to the discounter for groceries and essentials. Shares rose more than 4% in premarket trading. The … Read more
Just two weeks ago, Target dropped the most since 1987’s Black Monday after the retailer warned profits would come in well below expectation due to soaring inflation eating into profit margins and would also impact … Read more