|Bid||17.53 x 4000|
|Ask||17.57 x 800|
|Day's Range||17.44 - 17.68|
|52 Week Range||14.11 - 26.48|
|Beta (5Y Monthly)||0.65|
|PE Ratio (TTM)||5.67|
|Forward Dividend & Yield||1.51 (8.61%)|
|Ex-Dividend Date||Dec 10, 2019|
|1y Target Est||N/A|
The clock is ticking for department stores like Macy’s Inc. and J.C. Penney Co. Inc., according to Sucharita Kodali, retail analyst at Forrester.
These stocks have low price-to-earnings valuations relative to the S&P 500 that also appear likely to continue raising their dividend payouts more quickly than the broad market.
The proposal would completely repurpose the Union Square icon into a mix of residential, office and retail uses.
A sturdy labor market, rising income and improving confidence certainly encouraged consumers to spend more. While bargain hunters did hit the streets, enthusiasm for online shopping was palpable.
The 2019 holiday season mirrors gains from increased investments and opportunities in the retail sector. The online channel continues to be the preferred shopping medium for customers.
Savvy investors know chasing dividend yield is dangerous. And those that tried to do it anyway with some S&P; 500 stocks learned why not to, yet again.
Rating Action: Moody's affirms eight classes of MSBAM 2016- C30. Global Credit Research- 16 Jan 2020. Approximately $681 million of structured securities affected.
U.S. holiday sales rose 4.1% in 2019 from a year earlier, as steady wage and jobs growth encouraged shoppers to splurge on groceries, beverages and furniture, the National Retail Federation (NRF) said https://bit.ly/2tqKJRv on Thursday. The U.S. retail group said holiday sales, excluding automobile dealers, gasoline stations and restaurants, rose to $730.2 billion, largely above the midpoint of its forecast of 3.8% to 4.2% growth, and up from a modest 2.1% growth last year. "This was a healthy holiday season, especially compared with the decline in retail sales we saw at the end of the season in 2018," NRF Chief Economist Jack Kleinhenz said, noting that trade policy turmoil, a government shutdown and financial market volatility took a toll on the industry.
Cincinnati-based retailer Macy's Inc. has unveiled a new wellness focus for the latest iteration of Story, an experiential retail concept it acquired in 2018.
Soft sales across key seasonal merchandise categories hurt Target's (TGT) holiday sales. The company now expects fourth-quarter comparable sales to rise in line with its November/December performance.
Target’s stock fell 7% after the retailer said it was challenged in key holiday season categories, like electronics and home.
Lululemon Athletica Inc. bucked the weak trend in the retail sector reflected in the first pre-announcements from the holiday season, reporting strong sales and raising its guidance. The yoga-pants producer said it now expects revenue to range from $1.37 billion to $1.38 billion and earnings per share to range from $2.22 to $2.25. Lululemon stock is up 4.5% for the week to date, and has soared 73% over the last year to outperform major benchmarks.
Former Procter & Gamble Co. executive Ed Shirley has been tapped as executive chairman of Sysco Corp., a food distributor that reported more than $60 billion in revenue for its 2019 fiscal year.
Shares of JC Penney closed below $1 recently, and if the stock continues to close below $1 for 30 days it risks being delisted by the NYSE.
Yahoo Finance speaks at length about the future of retail and the cloud business in an exclusive interview with Microsoft CEO Satya Nadella.
Zumiez (ZUMZ) delivers positive numbers for holiday sales 2019. Also, the company raises its sales and earnings view for fourth-quarter fiscal 2019.
lululemon (LULU) raises fourth-quarter fiscal 2019 view on favorable customer response for its innovative merchandise during the holiday season.
Retail sales increased 0.3% in December for the third straight month in a row. Moody’s VP & Senior Credit Officer Mickey Chadha joins Yahoo Finance’s Seana Smith on The Ticker to discuss.
Sevens Report Founder Tom Essaye and Invesco Investment Strategist Tim Horsburgh join Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action on The First Trade.