It’s been a busy 48 hours as President Trump has issued, and in some cases temporarily delayed, sweeping tariffs which had spurred retaliation from the affected countries.
Victoria’s Secret & Co. reported a solid holiday quarter with better-than-expected earnings and sale, but — similar to most other retailers — it issued soft guidance for the current year.
Macy’s, Inc. turned profitable in the holiday quarter with earnings that easily topped analysts’ expectations as its turnaround strategy started to show some signs of taking hold.
Abercrombie & Fitch Co. maintained its momentum during the holiday quarter, fueled by a strong performance at its Hollister division, but issued cautious guidance.
Nordstrom Inc. reported better-than-expected fourth-quarter earnings and revenue and said its deal to go private is on track to close in the first half of the year.
President Trump is carrying out his previously announced plans to impose sweeping tariffs on imports from Canada, Mexico and China — and all three countries are hitting back.
