Macy’s raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism, a new loyalty program and a greater product assortment.
Sears shares jumped 16 percent on Wednesday after the company announced a tyre service partnership with Amazon, part of Chief Executive Officer Edward Lampert’s strategy to make the troubled retailer profitable again.
The Moorestown, New Jersey-based maternity apparel company has announced its fourth-quarter and full year 2017 results, reporting reduced losses thanks to a rise in Q4 sales, driven by strong e-commerce operations.
Target Corp said on Tuesday it expects profit margins to stabilize in the year ahead even as they are pressured by investments in store and online operations, sending its shares down more 4 percent in afternoon trading.
Kohl’s shares fell more than 6% on Thursday after the retailer forecast 1Q earnings below Wall Street’s expectations, partly due to higher costs, taking the shine off strong sales for the holiday shopping period.
The retailer forecast broadly lower-than-expected full-year profit on Friday as the department store operator grapples with weak demand for its clothes and fierce online competition, sending its stock down 10 percent.
Macy’s Inc on Tuesday reported higher-than-expected same-store sales growth for the fourth quarter and forecast a possible return to annual comparable sales growth in 2018, sending shares higher in pre-market trading.
Shares of retailers such as Macy’s Inc and Wal-Mart were up on Monday following a promising start to the holiday season and ahead of what is expected to be the largest U.S. online shopping day in history.