Nordstrom (JWN) earnings Q4 2022

Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering.  Jeff Greenberg | Universal Images Group | Getty Images Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street’s expectations. The company said it expects sales to decline in the new fiscal year, reflecting … Read more

Chipotle Mexican Grill (CMG) earnings Q4 2022

A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue, signaling that its price hikes may finally be alienating customers. In October, CEO Brian Niccol said the company saw “minimal resistance” to higher prices for … Read more

Goldman Sachs upgrades Gap, says stock can rally nearly 30% despite challenges facing retailers

The upcoming year provides a rough backdrop for retail, according to Goldman Sachs. But Gap is a name the firm expects to do well. Analyst Brooke Roach upgraded the Banana Republic and Old Navy parent to buy from neutral. She also hiked her price target to $18 per share from $10, implying upside of 29.5% … Read more

Why some analysts think investors should buy Nike after its latest earnings report

Nike shares are trading at an attractive entry point even as the sportswear giant faces a slew of macro headwinds and extra inventory, some Wall Street analysts say. Nike on Thursday shared results after the bell that beat top and bottom line estimates , but the stock slumped more than 9% as the company outlined … Read more

Nike’s results offer a clue about the strong dollar and the upcoming earnings season

How has the strong dollar impacted big multinational companies this quarter? Nike ‘s results after the bell on Thursday may offer a good preview of what’s to come as earnings season kicks into a high gear in mid-October. The sneaker and apparel giant saw a currency headwind of about 6 percentage points in its fiscal … Read more

Walmart enters the metaverse with Roblox

Walmart is entering the metaverse with two experiences premiering Monday on online gaming platform Roblox. The retail giant’s first foray into the virtual world will feature a blimp that drops toys, a music festival with hot artists, a bunch of different games, and a store of virtual merchandise, or “verch,” which matches what customers may … Read more

Beyond Meat suspends operating chief Doug Ramsey after arrest for alleged nose biting

Douglas Ramsey Source: Washington County, Arkansas Beyond Meat said its operating chief Doug Ramsey has been suspended, effective immediately, after he was arrested Saturday evening for allegedly punching a man and biting his nose. The company said in a statement on Tuesday afternoon that Jonathan Nelson, the company’s senior vice president of manufacturing operations, will … Read more