A strong labor market that is boosting consumer spending helped retail sales make a comeback in October, sending a positive note to retailers as they head into the holiday shopping season.
J.C. Penney on Thursday withdrew its annual earning forecast on the heels of a weak third quarter that saw sales tumble 5.8%, missing analysts’ estimates.
A strong economy and surging online sales combined to help Walmart top analysts’ earnings and raise its guidance for the full year as it enters its most crucial selling season.
After a slightly weaker prior quarter, thanks to some shifts in the promotional calendar, Macy's is firmly back on track with a very solid set of numbers.