All articles tagged with #holiday outlook
Macy's reported its strongest sales growth in over three years, beating expectations and raising its full-year outlook, though it remains cautious about holiday season spending due to economic pressures and higher tariffs. The company is investing in store improvements and closing underperforming locations to revitalize its core business, with positive early signs from Black Friday sales.
Foot Locker's shares fell 15% after the company reported disappointing quarterly results and issued a gloomy holiday outlook, largely due to soft consumer demand and elevated promotions. The retailer, heavily reliant on Nike, noted 'softness' in Nike's performance, impacting its own sales. Foot Locker revised its full-year guidance downward, expecting sales to decline and earnings per share to fall below Wall Street expectations. Despite challenges, the company saw some positive signs, such as improved gross margins and growth in comparable sales for certain brands.