Macy’s on Wednesday gave a cautious outlook for the year ahead, despite beating Wall Street’s quarterly sales and profit expectations as its namesake brand showed signs of progress. For the fiscal year, the company – which includes its namesake chain, higher-end department store Bloomingdale’s and beauty retailer Bluemercury – said it expects sales of between…
Starbucks union members and their supporters, including baristas who have just walked off the job, effectively closing a local branch, picket in front of the store, Feb. 28, 2025 in New York City. Andrew Lichtenstein | Corbis News | Getty Images Starbucks Workers United presented the company with a comprehensive proposed contract last month, the…
The Iran war could soon mean higher prices on store shelves for consumers. Iran’s effective closure of the Strait of Hormuz passage has significantly disrupted the global supply chain, affecting goods from fertilizers to metals to gas and fuel. The passage is a critical point, funneling tens of millions of barrels of oil daily along…
Ulta Beauty reported its fourth-quarter earnings Thursday. Jeff Greenberg | Universal Images Group | Getty Images Ulta Beauty reported earnings per share Thursday that missed expectations but revenue that topped what Wall Street was expecting. Shares of the company sank roughly 8% in extended trading. Here’s how the company performed for the fiscal fourth quarter…
Mediterranean | E+ | Getty Images The Middle East conflict has disrupted trade through the Strait of Hormuz and its impact could ripple far beyond the energy markets, risking a spike in global food prices. The strait is not only a key artery for oil and gas shipments but also for fertilizers critical to global…
A few years ago, Grace Guo began to crave places in New York City where hanging out with friends didn’t have to involve alcohol. Newly sober and surrounded by friends who also chose not to drink, Guo said she wanted alternatives to the typical social scene. After some research, she landed on Bathhouse and Othership:…
Pedestrians in the snow at Times Square during a winter storm in New York, US, on Sunday, Feb. 22, 2026. Bloomberg | Bloomberg | Getty Images Historic winter storms and subsequent store closures weighed on Gap’s performance during its holiday quarter and contributed to worse-than-expected results at its portfolio of brands, the retailer said Thursday. …
An Amazon facility on Amazon Prime Day in the Queens borough of New York, US, on Tuesday, July 8, 2025. Klaus Galiano | Bloomberg | Getty Images Amazon‘s website and shopping app were down for some users on Thursday, leaving consumers unable to check out, access account information or view product prices. Trouble on the…
MINNEAPOLIS — Target on Tuesday posted another quarter of falling revenue and customer traffic at its stores, though its shares rose as the retailer’s earnings beat estimates and it said it is poised to end its sales slump. The big-box retailer, which is in the middle of a turnaround effort, said sales and traffic trends…
Sign at the main entrance to a Best Buy store in Venice, Florida. Erik McGregor | Lightrocket | Getty Images Best Buy posted mixed results on Tuesday as the retailer’s holiday-quarter sales declined and came in below Wall Street’s expectations, but its earnings topped estimates as it showed improved profitability. For the current fiscal year,…
