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Walmart has reported better-than-expected results for the first quarter

Walmart lifts annual sales and profit expectations

Walmart has today raised its annual sales and profit targets as the retail behemoth drew from price-conscious shoppers trading down to cheaper groceries, easing worries of softening consumer spending due to inflation.

Business • 18 May 23

Macy's offered steep discounts over the Christmas shopping period to get rid of excess inventory and attract inflation-weary consumers

Macy's gives upbeat annual forecast

Macy's has today posted better-than-expected results for the Christmas quarter and forecast annual profit largely above estimates as the department store chain looks to cut back on promotions to protect margins, sending its shares up 5%.

Business • 02 Mar 23

Target has managed to beat its quarterly profit estimates for the first time in a year

Target fends off gloom with discounts

Target Corp today posted a surprise rise in Christmas-quarter sales, buoyed by an increase in store traffic from discount-hungry Americans, even as it joined other retailers to caution on 2023 earnings due to an uncertain US economy.

Business • 28 Feb 23

Macy's is seeing resilient demand for high-end suits, dresses and beauty products as wealthier shoppers are undeterred by inflation

Macy's ups annual profit forecast on firm luxury demand

Upscale department store chain Macy's has today raised its annual profit forecast on resilient demand for high-end suits, gowns and beauty products as wealthier shoppers were undeterred by inflation.

Business • 17 Nov 22

Discounts on clothing and electronics are attracting more inflation-hit shoppers to Walmart's stores in the US

Walmart lifts annual forecast, announces big buyback

Walmart has today forecast a smaller fall in annual profit as demand for groceries holds up despite higher prices, while discounts on clothing and electronics attract more inflation-hit shoppers to the top US retailer's stores.

Business • 15 Nov 22

Targets shares tumbled 24% after its bleak results today

Target profit halves as rising costs hit margins

Target's quarterly profit halved and it warned of a bigger margin hit today due to rising fuel and freight costs, in a clear sign there would be no immediate relief for US retailers from surging inflation.

Business • 18 May 22

Macy's said it expects comparable sales of owned and licensed stores to fall by a low to mid-20s percentage in the autumn season

Covid-19 casts a shadow over Macy's Christmas outlook

Macy's has reported a more than 20% drop in quarterly comparable sales and said it expects that loss to continue into autumn, indicating a tough Christmas season for the Covid-battered department store chain.

Business • 19 Nov 20

Macy's shares have lost nearly 60% of their value so far this year

Macy's posts smaller than expected quarterly loss

Macy's has reported a smaller than expected quarterly loss and beat sales estimates, as shoppers stuck indoors due to the Covid-19 pandemic bought more clothing using the department store chain's app and website.

Business • 02 Sep 20

Shares at Macy's tumbled 16% after today's trading update

Macy's shares sink after it trims sales forecast

Macy's has today cut its comparable sales forecast for the Christmas quarter while year-end sales growth at rival Kohl's Corp disappointed investors.

Business • 10 Jan 19

US retailers