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Tag: Spdr S&P Retail Etf

Black Friday may not save retail, but some e-commerce plays are buys

Retail has had a rough year. One of the worst-performing groups in the stock market for 2019, retail stocks have had difficulty mitigating the effects of the ongoing U.S.-China trade war and consumers’ shifting shopping preferences, with names like Macy’s and Gap notching double-digit losses for the year. The SPDR S&P Retail ETF, also known …

Black Friday may not save retail, but some e-commerce plays are buysRead More

Macy’s (M) reports mixed Q3 2019 earnings, shares slide on sales miss

Macy’s on Thursday reported its first same-store sales decline in two years, casting blame on warmer weather and weak traffic at some shopping malls. Because of the poor results, the department store chain also slashed its full-year outlook. Macy’s stock was last down about 3% after plummeting more than 10% following the earnings release. Here’s …

Macy’s (M) reports mixed Q3 2019 earnings, shares slide on sales missRead More

Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earnings

Retail is set to reverse. That’s the call Mark Newton, founder and president of Newton Advisors, made Wednesday on CNBC’s “Trading Nation” after seeing the SPDR S&P Retail ETF (XRT), which tracks the sector’s top stocks, fall more than 3% week to date in the wake of weak earnings reports from Kohl’s and Urban Outfitters. …

Retail stocks to watch as Macy’s, Target, Kohl’s report mixed earningsRead More

History shows Black Friday helps beaten-up retailers like Home Depot

Target’s earnings on Wednesday crushed estimates, and the stock market rewarded the retailer. But things have not been great for many other retail store brands that recently reported quarterly earnings. Still, a relief rally could be looming for some of the hard-hit retailers like Home Depot, based on a CNBC analysis of recent Black Friday …

History shows Black Friday helps beaten-up retailers like Home DepotRead More

Retail earnings on deck—experts look to unexpected stocks for gains

It’s a big week for retail. Big names like Walmart, J.C. Penney and Burberry are gearing up to deliver their quarterly reports this week, hot off Chinese e-commerce giant Alibaba’s record-breaking Singles Day, which the company has rebranded to the 11:11 Global Shopping Festival. On Friday, Wall Street will also get a read on retail sales when …

Retail earnings on deck—experts look to unexpected stocks for gainsRead More

Gap, one of the worst-performing retailer stocks, could go lower

One of the worst-performing retail stocks this year just broke down even more. Gap shares tumbled more than 7% on Friday after CEO Art Peck stepped down and the company cut full-year earnings guidance below consensus. The stock is down more than 35% for the year, while the XRT retail ETF has climbed 8% over …

Gap, one of the worst-performing retailer stocks, could go lowerRead More

Here’s how Kohl’s and Macy’s are trying to win the holidays

Macy’s has turned all of its Story locations to have a holiday-focused theme, selling knick-knacks and giftable items. Source: STORY, Macy’s This weekend you can visit Kohl’s first pop-up shop in New York and snap a virtual photo with fashion designer Vera Wang on the runway. Or you can pop into Macy’s at Herald Square …

Here’s how Kohl’s and Macy’s are trying to win the holidaysRead More

Holiday spending online set to hit a record of $143.7 billion: Adobe

A UPS worker sorts packages in New York on Dec. 18th, 2017. Adam Jeffery | CNBC It might come as no surprise: This holiday shopping season is slated to be another record-breaking one online. Digital spending during November and December is expected to reach $143.7 billion, up 14.1% from a year ago, according to a …

Holiday spending online set to hit a record of $143.7 billion: AdobeRead More

Walmart’s cure for a short holiday season: Start the deals early

An employee works on a display ahead of Black Friday at a Walmart store in Chicago, November 20, 2018. Kamil Krzaczynski | Reuters Retailers are well aware that this year’s holiday shopping calendar isn’t kind. But shoppers might not be. There are six fewer days to stock up on gifts between Thanksgiving and Christmas — …

Walmart’s cure for a short holiday season: Start the deals earlyRead More

Target expects payroll to rise $50 million to staff for busy December

Target Team members meet before Black Friday in Chicago. John Gress | Corbis | Getty Images NEW YORK — Say goodbye to the “December lull.” Typically, during the holidays, shoppers rush to stores to scoop up deals on Black Friday, comb the internet for Cyber Monday bargains and then take a break before returning to …

Target expects payroll to rise $50 million to staff for busy DecemberRead More