Many well-known retailers have announced their early holiday season sales, most of which exceeded expectations, but Wall Street is not buying it.
After seeing strong consumer purchases during the important holiday season, companies such as Lululemon, Abercrombie & Fitch, and American Eagle have raised their fourth-quarter performance expectations. Urban Outfitters also achieved strong holiday season growth, but Macy's indicated that its performance in the crucial quarter fell short of expectations.
Nordstrom Balances Strong Holiday Sales And Competition, Analysts Highlight Margin Pressure
Evercore ISI Group Maintains In-Line on Nordstrom, Raises Price Target to $24
Kohl's to Shutter 27 Stores, Fulfillment Center to Bolster Profits
Macy's Shares Are Trading Lower After the Company Provided a Q4 Business Update and Net Sales Guidance at or Slightly Below the Estimate.
Why Is Department Store Chain Macy's Stock Sliding Today?