Retailers are giving their investors a delayed lump of coal. Several high-profile retailers are out with lackluster sales and profit updates ahead of their full results in late February/early March. Overall, the vibe in the reports are dim as consumers pullback on discretionary purchases and retailers battle through stubborn inflation and still bloated inventories. The corporate logo for Lululemon hangs on a wall at their store in Brookfield Place on August 26, 2022, in New York City. (Photo… Source link
Read More »Lululemon, Chico’s, Macy’s all issue warnings
Retailers are giving their investors a delayed lump of coal. Several high-profile retailers are out with lackluster sales and profit updates ahead of their full results in late February/early March. Overall, the vibe in the reports are dim as consumers pullback on discretionary purchases and retailers battle through stubborn inflation and still bloated inventories. The corporate logo for Lululemon hangs on a wall at their store in Brookfield Place on August 26, 2022, in New York City. (Photo… Source link
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