Page 4 - Peter Boneparth News Today

It promises to be unpredictable, with retailers and consumers still figuring out how much will be spent and on what kinds of goods.

American Dream, Garden State Plaza and other malls will rely on COVID fatigue to drive shoppers to the stores, despite rising costs of living.

NEW YORK — Results from Macys, Kohls and Gap on Thursday further underscored the cloudy picture for U.S. retailers heading into the start of the holiday season.

___ Exec who cleaned up Enron calls FTX mess ‘unprecedented’ NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control.

Kohl’s (NYSE: KSS) withdrew its full-year guidance on Thursday, amid volatility in the retail industry as well as its “unexpected CEO transition.”

Results from Macys, Kohls and Gap on Thursday further underscored the cloudy picture for U.S. retailers heading into the start of the holiday season.

Any thoughts on how Kohl’s Corp. would perform in 2022 have been scrapped.

NEW YORK (AP) — Macy's profit and sales slid in the third quarter as the department store had to step up discounts amid a pullback from shoppers stung by inflation. Yet, the New York company topped Wall Street expectations and raised its earnings outlook, in part due to better credit card revenue.

Kohl's withdrew its sales and profit forecasts following a third-quarter earnings report that revealed revenue decline amid record-high inflation.

Major retailers have reported mixed performances for the third quarter this week, illustrating how volatile the exit from a global pandemic has been.