August 23, 2022 | Daily JAM |
It’s not a surprise. But it is a reminder of a continued negative trend for retailers in a slowing economy. Today, August 23, in its second-quarter earnings report Macy’s (M) lowered guidance for the remainder of 2022 on higher inventories of unsold goods and slower sales.
December 1, 2020 | Daily JAM, Short Term |
As the numbers on shopping over the Thanksgiving weekend get more concrete, the picture gets a little darker. Fewer Americans shopped during Black Friday weekend, and those who did spent less than they did a year ago.
November 29, 2020 | Daily JAM, Mid Term |
In person visits to physical stores in the United States fell by 52% on Black Friday compared to a year ago, according to preliminary data from Sensormatic Solutions. That follows on a 95% plunge in foot traffic to stores from a year ago on Thanksgiving Day  as many retailers chose to close that day.
On the other hand, sales at online retailers grew on Thanksgiving Day, climbing to $5.1 billion from $4.2 billion in 2019, according to preliminary data
August 18, 2020 | Daily JAM, Morning Briefing |
This morning, August 18, Walmart (WMT) reported that comparable store sales climbed 9.3% year over year for the company's fiscal second quarter that ended on July 31. Sales for its e-commerce unit jumped 97% year over year. That was up from growth of 74% in the final...
November 20, 2018 | Daily JAM, Morning Briefing, Short Term |
The hope among some in the Wall Street crowd was that today's earnings reports from retailers such as Target (TGT) and Kohl's (KSS) --and especially guidance for the Christmas shopping quarter to come--would end the plunge in the U.S. stock market for at least a day....