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Top related persons:
” - 2 Berna Barshay - 2 Corie Barry - 1 TJ Maxx - 1 Moody’s - 1 Matt Walsh - 1 it’s - 1 Locker - 1
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New York Thursday’s
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New - 2 New York CNN - 2 Shoppers - 2 Walmart - 2 Consumer - 1 Moody’s - 1 Service - 1 Costco - 1

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3 mentions found


☆ Lowe’s, Best Buy and Kohl’s predict weak holiday
  + stars: | 2023-11-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
Best Buy, Lowe’s and Kohl’s all reported sales declines during their most recent quarter Tuesday and are forecasting holiday sales to drop from a year ago. In 2021, Holiday shopping sales spiked by 14% and grew by a healthy 5% last year. But Moody’s Investors Service said in a report today that consumers are “losing spending steam” and holiday sales will grow by just 1% to 3% this year. “Retailers offering a combination of value and non-discretionary essentials will see their sales outperform the broader retail industry this holiday season,” according to Moody’s. “One trend that’s sticking is a longer holiday season.
Persons: Corie Barry, TJ Maxx, Moody’s, ”, Berna Barshay Organizations: New, New York CNN, Shoppers, Consumer, Moody’s, Service, Walmart, Costco, “ Retailers, Retailers, Sporting Goods Locations: New York
☆ Target's stock isn't down because of Pride Month merch
  + stars: | 2023-06-02 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +4 min
New York CNN —If you follow right-wing media or Twitter, you may have seen a lot of coverage recently about Target’s stock price falling. Fox News aired more than 2 hours of coverage on Target’s Pride Month displays from May 23 to May 30, according to Media Matters, a liberal media monitoring group. Target faced a homophobic campaign that went viral on social media over its annual Pride Month clothing collection. But Target’s stock drop has nothing to do with its Pride Month clothing collection or the anti-LGBTQ campaign. JP Morgan, which downgraded Target’s stock Thursday, said in a report that “we continue to believe that the consumer is broadly weakening while the share of wallet shift away from goods is ongoing.” JP Morgan did not include a word about consumer backlash to Target’s Pride Month collection.
Persons: Matt Walsh, it’s, Locker, Berna Barshay, It’s, JP Morgan, ” JP Morgan, ” Organizations: New, New York CNN, Fox News, Target’s, Media, Target, Pride, Walmart, Shoppers Locations: New York, Thursday’s
☆ These retail chains may not survive a recession
  + stars: | 2022-10-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +4 min
New York CNN Business —America’s retail chains have proven surprisingly strong during the pandemic. At the beginning of the pandemic, stores temporarily closed to halt the spread of Covid-19 and retail sales tumbled. “That wave of defaults effectively flushed out a lot of debt and unprofitable stores from the sector,” Sokolyanska said. Retail sales quickly recovered thanks to federal stimulus checks, growing personal savings accounts and pent-up consumer demand. Retail sales remain above pre-pandemic levels and more stores have announced openings than closings this year.
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