The holiday season is usually a reason for stores to staff up to handle the surge of shoppers. But Friday’s jobs report showed a concerning trend: Retailers are shedding workers. According to the Bure...
Tag: Electronics/Appliance Stores
The PC boom has gone bust, and we are about to see the results ahead of Black Friday
The pandemic-fueled personal-computer boom has ended, so how will that affect demand and pricing for PCs and the retailers that sell them this holiday season? A sense of the fallout will be provided i...
Retail Stocks Got an Earnings Boost. Why There’s No Comfort in That.
Text size Many retailers are still struggling with the high inventories, with profits dragged down by pricier supply-chain and transport costs. Spencer Platt/Getty Images Investors breathed a sigh of ...
Inventory Pileup, Uneasy Shoppers Put Retailers in Jeopardy
For retailers, it is a season of discontent. From Walmart Inc. to Nordstrom Inc., retailers have a glut of inventory and are discounting items to clear out space for holiday goods. Many have already l...
Best Buy Founder Richard Schulze Bought a Big Block of Stock
Text size People shopping in a Best Buy store. Richard Schulze, Best Buy’s founder, bought $20 million in shares of the electronics retailer. Valentin M Armianu/Dreamstime.com Best Buy stock has tumbl...
Best Buy Stock: Earnings Reveal Tough Christmas Quarter. Company Raises Dividend.
Text size Best Buy is contending with short-term headwinds, but the electronics retailer is expecting business to pick up by fiscal 2025. Scott Olson/Getty Images Best Buy stock rose Thursday despite ...
Home Depot leads the list of 20 worst performers in the S&P 500 on Tuesday
Slightly positive isn’t good enough for this stock market. While market jitters on Feb. 22 were driven by Russia’s movement of troops into Ukraine, the U.S. stock market was also adjusting to the idea...