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Pinterest is launching a new feature ahead of the holiday season that will let users shop from a curated list of small businesses, the company announced Monday. The company has been leaning into shopping as it seeks profitability.
Courtney Reagans has a special investigative report for us on the brazen crime that’s hurting retailers’ profits.
Although some retailers have already started marking down items and cueing the holiday music, the season will kick off in earnest next week.
This holiday season, sales are set to reach $1.1 trillion, according to a survey by Deloitte, and the typical shopper expects to spend more than $1,000 on gifts and other seasonal purchases, according to the National Retail Federation.
Consumer sentiment unexpectedly rose in November, according to data released Friday by the University of Michigan.
Macy’s saw its sales slip as the retailer blames warm weather and weaker mall traffic. Courtney Reagan breaks it all down for us.
Macy’s said its stores at weaker U.S. shopping malls were hurt by slower foot traffic during the latest quarter, leading to a steeper-than-expected sales decline.
Target blows past estimates in its latest earnings and raises its profit forecast at a critical time of the year for the big box retailer. Courtney Reagan breaks it all down for us.
Joining us on the show to talk about the current state of the retail industry including malls, store closures and real estate investment trusts is Greg Portell, Lead Partner at A.T. Kearny.
Target earnings and sales trounced analysts’ estimates, marking a bright spot in retail after weak reports from department store chains J.C. Penney and Kohl’s.
Activist investor Carl Icahn, likely the largest short seller of mall debt, stands to gain $400 million or more if mall owners can’t pay or service their debt, traders told the Wall Street Journal Tuesday.
Joining us on the show is Joel Bines, Co-Head of Retail Practice at Alix Partners, who gives us his perspective on the recent mixed earnings reports seen from the retail sector.
Courtney Reagan reports on the recent disappointing numbers both Home Depot and Kohl’s reported in its latest earnings and how both retailers are addressing this situation with the upcoming holiday shopping season just around the corner.
’Tis the season to be jolly. Yet, stress is the prevailing emotion.
The vast majority, or roughly 70%, of adults are stressed about the upcoming holiday season, mostly thanks to money woes, according to a survey from Country Financial.
Home Depot reports quarterly earnings that beat expectations but sales fell short due to the timing for an ongoing investment plan.