Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter. The Seattle-based e-commerce and technology company said its revenue for the October-December period totaled $187.8 billion, a 10% jump compared with the same period in 2023. Profits…
Despite facing a softer-than-expected retail environment in the third quarter, Foot Locker President and CEO Mary Dillon remains optimistic about the company’s long-term digital strategy, including a new mobile app and revamped loyalty program. “While our trends in early November landed below our expectations as consumers held back their spending ahead of the holiday season, we…
Financial markets gave investors a lot to ponder during the Thanksgiving holiday-shortened week. US stocks closed out the week at record highs on Friday, propelled by technology stocks, while Treasury yields declined and the dollar slipped, reversing eight straight weeks of gains. There was plenty of good news for markets. Wall Street was optimistic about…
Mobile shopping is reportedly gaining ground during this year’s holiday shopping season. The growth is being driven by the convenience provided by refinements retailers have made to the mobile shopping experience, Reuters reported Friday (Nov. 29). While consumers used to browse on their mobile phones but go to a desktop computer to make their purchases, that has changed,…
Brian Sozzi and Julie Hyman break down the top trends of the Black Friday trading day, including the tech sector rebound and chip stocks’ gains, on Catalysts. The average shopper has increased their holiday shopping budget by over 30% from last year, JLL’s Holiday Shopping Report estimates. JLL (JLL) Americas president of retail Naveen Jaggi…
The holiday shopping season has arrived, kicking off with Black Friday promotions and deals being pushed by companies across industries. Former LVMH (MC.PA, LVMUY) Chairman of North America Pauline Brown joins Morning Brief to discuss consumer shopping patterns, particularly in the luxury goods sector. Brown notes a generational divide in shopping habits: older consumers are…