Tag: Financial Performance
Macy's swings to a second quarter profit, but sales surprisingly weak as customers grow cautious
NEW YORK -- Macy's swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers...
Target's focus on lower prices in the grocery aisle start to pay off as comparable store sales rise
NEW YORK -- Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to...
US shoppers sharply boosted spending at retailers in July despite higher prices
WASHINGTON -- Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that...
Walmart boosts outlook for the 2024 with bargains proving a powerful lure for the inflation weary
NEW YORK -- Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful...
Spending at small businesses rose in July as consumers spend more on general merchandise
NEW YORK -- Consumers spent more at small businesses in July, a rebound fueled by strong sales of general merchandise and health and...
Japan's SoftBank reduces its investment losses with gains in Alibaba and other holdings
TOKYO -- Japanese technology investor SoftBank Group Corp. reported a smaller loss for the last quarter compared to a year earlier. Tokyo-based SoftBank’s...