Retail Stocks

2 US retail stocks to watch amid recession fears: WMT & KR

 2 US retail stocks to watch amid recession fears: WMT & KR

The retail and consumer sectors are often expected to note a rise in demand amid economic downturns like inflation as more people tend to spend less outside and cook their own meals.

Read More...
Lowe’s Inc. Revenue Soars 77%, Bolstered By Pandemic-Fuelled Demand

Lowe’s Inc. Revenue Soars 77%, Bolstered By Pandemic-Fuelled Demand

Summary The home improvement company recorded revenue of US$2.3 billion in Q1. Sales surged 25.9% to US$24.4 billion, aided by pandemic-fuelled demand. Lowe’s also had repurchased 16.8 million shares and paid US$440 million in dividends ...

Read More...
Macy’s Raises FY’21 Forecast; Stock Up 68% YTD

Macy’s Raises FY’21 Forecast; Stock Up 68% YTD

Summary The department store operator projects its net sales to grow to US$22.23 billion in fiscal 2021. Macy’s added 4.6 million new customers in Q1 ended May 1. The company’s stock is up 68 percent year to date, while it grew 243...

Read More...
Home Depot Net Earnings Soar 84%, Sales Up 32.7% In Q1

Home Depot Net Earnings Soar 84%, Sales Up 32.7% In Q1

The first-quarter net earnings of Home Depot, Inc. (NYSE: HD) rose to US$4.15 billion, or US$3.86 per share diluted, from US$2.25 billion, or US$2.08 earnings per share diluted, in the year-ago period. The company’s net sales rose 32.7% to U...

Read More...
Walmart’s Revenue Up 2.7% On Pent-Up Demand, E-Commerce Boost

Walmart’s Revenue Up 2.7% On Pent-Up Demand, E-Commerce Boost

Summary Walmart’s revenue rose 2.7% YoY to US$138.3 billion in the first quarter of 2021. Its global e-commerce sales jumped 49% during the period. The company’s consolidated operating income surged 32.3% to US$6.9 billion, and its...

Read More...
Two Cosmetics Stocks To Explore On NYSE

Two Cosmetics Stocks To Explore On NYSE

Summary Estée Lauder’s stock recently rallied to its 52-week high of US$318.34. Shares of New York-based cosmetics company Coty are up 27 percent this year. NYSE-listed Estée Lauder Companies Inc. (NYSE: EL) and Coty In...

Read More...
Etsy & Wayfair: Two E-Commerce Stocks Making A Splash

Etsy & Wayfair: Two E-Commerce Stocks Making A Splash

Summary Etsy registered a 100% growth over the past year as active buyers soared to 16.3 million. Wayfair saw 52% jump in stock value as business grew in the US and Europe. The number of Wayfair’s active customers soared 57% YoY to 33.2 ...

Read More...
Nike, H&M, Adidas Face Chinese Boycott, Social Media Heat

Nike, H&M, Adidas Face Chinese Boycott, Social Media Heat

Source: Joyseulay, Shutterstock Summary Beijing criticizes these fashion brands for their remarks on Uyghurs in Xinjiang. Social media users ask Adidas to leave while calling for boycotting other foreign brands. Popular actor Wang Yibo e...

Read More...
Big Lots makes huge waves as per its latest trading update

Big Lots makes huge waves as per its latest trading update

. Its e-commerce business also gained momentum in the wake of coronavirus pandemic. Big Lots, Inc (NYSE:BIG) is based out of Columbus, Ohio. It is a discount retailer, operating over 1,400 stores in 47 states. The company also operates a growing...

Read More...
Two Retail Stocks That Are Creating A Buzz

Two Retail Stocks That Are Creating A Buzz

Source: jayk67, Shutterstock Summary Retail companies experience high demand even during an economic slowdown, which is the why they witnessed an exponential growth over the past year. Some companies have outperformed expectations even th...

Read More...