Jennifer Hyman, Rent the Track Scott Mill | CNBC As some buyers think twice before buying, Rent the track takes a bump. The fashion rental and subscription company on Wednesday reported higher quarterly revenue that beat expectations and raised its financial outlook for the year as customers opted to borrow designer clothes instead of buying …
General Motors CEO Mary Barra speaks during a visit by the President to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and the prospect of a recession looms, corporate America is bracing for a slowdown in consumer …
Here’s what top US CEOs are saying about a possible recession in 2023 Read More »
My top 10 things to watch Tuesday, December 6, 2022 1. US stock futures point to a mixed open after Monday’s strong selloff. December tends to be seasonal, especially at the end of the month when Wall Street historically looks for Santa’s rally. In a commentary, we looked at which Club stocks were the best …
Black Friday comes at an interesting time for the American consumer. Buyers have seemingly persevered this year despite an all-out assault on their wallets and net worth — from falling stock prices and, more recently, home valuations, to runaway inflation that has eroded their purchasing power. But after a host of major US retailers, including …
A sign outside a Target department store on June 07, 2022 in Miami, Florida. Target said it expects earnings to suffer in the near term as it marks junk items, cancels orders and takes aggressive action to get rid of excess inventory. Joe Raedle | Getty Images Targetearnings fell about 50% when it emerged Inventory …
Target warns of weak holiday quarter, plans cost cuts as profits tumble and sales slow Read More »
About 10 days before Black Friday — one of the most anticipated shopping days for merchandisers — big-box retailer Walmart reported better-than-expected revenue and profit. And good news for consumers: the company plans to set prices for Thanksgiving staples at the same level as in 2021. For the third fiscal quarter, Walmart generated more than …
Here’s How Much Money You Would Have Had If You Invested $1,000 In Walmart 10 Years Ago Read More »
U.S. Federal Reserve Vice Chairman Lael Brainard listens to a question during an interview in Washington, DC, U.S., Monday, November 14, 2022. Andre Harrer | Bloomberg | Getty Images Here are the most important information investors need to start their trading day: 1. The Fed speaks in the spotlight Stocks fell on Monday, setting off …
5 things to know before the stock market opens on Tuesday Read More »
A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Dinner Allison | Getty Images As some of the nation’s largest retailers report quarterly earnings and revenue this week, Wall Street will also be paying close attention to another number: inventory levels. walmart, Target, Difference, Kohls …
Retailers’ biggest holiday wish is to get rid of all that excess inventory Read More »
Ever since she was young, Cheryl Sew Hoy always knew she wanted to run her own business. “When the teachers asked what your ambition was…and a lot of kids wanted to be doctors or lawyers. My ambition was [to be] a businesswoman,” she told CNBC Make It. That childhood dream is now a reality for …
‘Creating adversity’: Startup CEO on raising kids with an entrepreneurial mindset Read More »
