Consumer Services
Macy's cuts outlook with inflation, and inventory, elevated
Aug 23, 2022

Macy's cuts outlook with inflation, and inventory, elevated

Macy’s is trimming its expectations for the year despite topping expectations in its most recent quarter as it faces a glut of unsold inventory that has afflicted almost the entire retail sector...

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Macy's lowers outlook despite solid second quarter
Aug 23, 2022

Macy's lowers outlook despite solid second quarter

Macy’s reported  fiscal second quarter results that beat Wall Street estimates, but lowered its outlook as it faces a glut of inventory it needs to clear out amid a consumer pullback...

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Foot Locker names former Ulta Beauty chief as CEO
Aug 19, 2022

Foot Locker names former Ulta Beauty chief as CEO

Foot Locker is naming former Ulta Beauty CEO Mary Dillon as its chief executive, replacing Richard Johnson, who will retire next month after leading the  athletic retailer since 2014...

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What's next for Trump Organization after Weisselberg plea?
Aug 18, 2022

What's next for Trump Organization after Weisselberg plea?

The numbers guy did the math: Allen Weisselberg — a longtime loyal lieutenant to Donald Trump — could have gotten years in prison if he went to trial and failed to beat tax evasion allegations...

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Judge: Pharmacies owe 2 Ohio counties $650M in opioids suit
Aug 17, 2022

Judge: Pharmacies owe 2 Ohio counties $650M in opioids suit

A federal judge in Cleveland has awarded $650 million in damages to two Ohio counties that sued pharmacy chains CVS, Walgreens and Walmart saying their opioid distribution policies created a public nu...

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Target takes a hit after heavy discounts to clear inventory
Aug 17, 2022

Target takes a hit after heavy discounts to clear inventory

Target has reported solid sales for the fiscal second quarter but its profits plunged nearly 90% because it slashed prices to clear unwanted inventories of clothing, home goods and other discretionary...

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Wall Street opens lower as retail sales numbers disappoint
Aug 17, 2022

Wall Street opens lower as retail sales numbers disappoint

Stocks are opening lower on Wall Street Wednesday as traders absorb some discouraging news about how much Americans are spending...

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Stocks open mostly lower on Wall Street; Walmart lifts Dow
Aug 16, 2022

Stocks open mostly lower on Wall Street; Walmart lifts Dow

Stocks are opening mostly lower on Wall Street Tuesday despite some encouraging results from Walmart and Home Depot, which both beat analysts' forecasts for earnings in the latest quarter...

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Gas prices dip just below $4 for the first time in 5 months
Aug 11, 2022

Gas prices dip just below $4 for the first time in 5 months

U.S. gas prices have dipped under $4 a gallon for the first time in more than five months...

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US wholesale inflation fell in July for 1st time in 2 years
Aug 11, 2022

US wholesale inflation fell in July for 1st time in 2 years

Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month...

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