Longer-term tariff predictions have proven too tough for these footwear and clothing companies. It’s derailing their stocks.
Executives at Ross Stores and Deckers say they will not provide full-year guidance Source link Bill Peters
Intuit boosts forecast after big tax season and AI advances. Shares are rallying
Tax-preparation and financial-technology platform Intuit Inc. raised its full-year outlook on Thursday, following a solid third quarter marked by a big tax-filing season, gains among small and mid-sized businesses and moves to incorporate artificial intelligence into its software. Source link
Intuit boosts forecast after big tax season and AI advances. Shares are rallying Read More »
Sales at Urban Outfitters’ namesake stores make a rare gain, shrugging off tariff impact for now
Clothing retailer says it could ‘gently and sparingly’ raise some prices Source link Bill Peters
Along with price hikes, here’s how else Walmart might maintain margins while navigating tariffs
Walmart Inc. plans to cut around 1,500 jobs, the Wall Street Journal reported on Wednesday, as the big-box chain tries to manage costs and accelerate decision-making amid broader efforts by retailers and consumers to navigate inflation and tariffs. Source link
Why Home Depot’s approach to prices and tariffs will ‘likely play better’ to Trump administration
‘We don’t see broad-based price increases for our customers at all going forward,’ exec says Source link Bill Peters
Prices are probably going up at Walmart. Target and other retailers will detail the tariff impact this week
This week, the lens on the consumer will narrow, as we get quarterly reports from retailers like Home Depot, Lowe’s and other chains. Source link Bill Peters
Third Point sells off Tesla and makes these other ‘Magnificent Seven’ moves
Daniel Loeb’s Third Point sold off its stakes in electric-vehicle maker Tesla Inc. and social-media giant Meta Platforms Inc. during the first quarter and cut its position in Amazon.com Inc. However, the hedge fund took a new stake in AI
Third Point sells off Tesla and makes these other ‘Magnificent Seven’ moves Read More »
Boot Barn’s stock is rallying, but executives are cautious on upcoming tariff impact
The company also outlined plans to lean less on China for some production, and said it would cancel orders on items hardest hit by the taxes on imports. Source link Bill Peters
Boot Barn’s stock is rallying, but executives are cautious on upcoming tariff impact Read More »
Foot Locker’s beaten-down stock jumps nearly 70% on report of Dick’s acquisition
Shares of Foot Locker Inc. rocketed higher after hours on Wednesday after the Wall Street Journal reported that Dick’s Sporting Goods Inc. was close to a deal to buy the struggling sneaker chain. Source link Bill Peters
Foot Locker’s beaten-down stock jumps nearly 70% on report of Dick’s acquisition Read More »
Airbnb wants to be an ‘anything’ app. The debate for investors hinges on these issues.
Airbnb has rolled out an extensive new effort to make services from professional chefs, local tour guides, celebrities and others available through its platform. Source link Bill Peters
Airbnb wants to be an ‘anything’ app. The debate for investors hinges on these issues. Read More »