Retail earnings and consumer data paint a picture of a weakening economy

Earnings from the world’s largest retailer Walmart and consumer goods giant Kimberly Clark painted a picture of a weaker economy and consumer. Deteriorating economic conditions continue to have a significant impact on retailers. Kimberly Clark is still a victim of inflation — expecting input costs to stay high for the rest of the year. Walmart…

Read more

Bed Bath & Beyond stock plummets on abysmal earnings

Is Bed Bath & Beyond (NASDAQ:BBBY) the next company to go under? It’s looking more and more likely… Yesterday, the retailer reported earnings that fell way short of estimates — and its CEO Mark Tritton is getting the boot. Same-store sales crashed 24%, and losses grew to $358M, up from a $51M loss a year…

Read more

Revlon Goes on a Massive Rally After Bankruptcy Filing

Cosmetics retailer Revlon has been trading like a meme stock in the past week, but retail investors aren’t at the center of the move this time. On June 10, news broke that Revlon (NYSE:REV) was about to file for bankruptcy — sending its stock down over 70%. Now, it’s trading up over 600% from its…

Read more

The retail industry has a problem: too much inventory

A potential recession cutting consumer spending is only one of many worries retailers have. Now they have to figure out how to get rid of all the inventory they loaded up. Yesterday, Target said earnings would take a short-term hit — sending its stock down 2% after falling nearly 30% from its worse-than-expected earnings in…

Read more

Dollar store chains stand out in the struggling retail sector

Despite a challenging retail environment, discount chains Dollar Tree (NASDAQ:DLTR) and Dollar General (NYSE:DG) are up over 20% in the past week after reporting strong earnings. What’s the big deal? American shoppers are shifting their spending towards discounted retailers and dollar stores — helping them cruise through 2022. Both companies beat expectations and raised their…

Read more

April retail data ease recession concerns but retail earnings say otherwise

April’s U.S. Retail Sales report released yesterday showed U.S. spending growing strongly despite inflation and rising interest rates. But earnings reports from two retailers show a different story. What’s the big deal? Retail data can help signal whether the economy is headed towards a recession and the data says not today. Retail sales grew 0.9%…

Read more

Lululemon’s big 5-year growth plans meets skeptics

If you think getting consumers to pay for an extra streaming service is hard right now, let’s see how difficult pedaling $100 yoga pants will be during a recession. While recession risks could hurt consumer discretionary stocks, one company — Lululemon (NASDAQ:LULU) — wants investors to focus on its recently announced 5-year ambitious growth plan….

Read more

The next hottest e-commerce trend: physical stores

Physical retail isn’t dying. Instead, e-commerce brands see it as a lifeline to the increasingly competitive online market. Many are finding a use for physical stores that online stores are failing to meet — a personal connection and lower costs… E-commerce trend: COVID accelerated e-commerce — but even shoppers have their online limits… In 2020,…

Read more

Costco thrives as other retailers struggle

We dare you to find someone that dislikes Costco (NASDAQ:COST). Costco has outlasted many threats in the competitive world of retail — even the mighty Amazon. A company that needs little introduction Founded in 1976, Costco is a big box retailer known for its membership-only model, low prices and unique retail experiences. Members enjoy a…

Read more

Bed Bath & Beyond goes into meme stock mode

Ryan Cohen — the man credited with GameStop taking off — took a large 9.8% stake in Bed Bath & Beyond (NASDAQ:BBBY), which sent the stock up 35%. Back to the GameStop days In Aug. 2020, Ryan Cohen took a large stake in GameStop — leading to a massive rally in GME and the birth…

Read more