Retail Earnings Provided Clear Customer Behavior Insights That Benefited Discount Retailers And Left High-End Retailers In The Dark
Like TJX Corporation (NYSE: TJX), Ross Stores Inc (NASDAQ: ROSS) thrived as consumers drifted away from high-end retailers. Ross Stores topped quarterly estimates and improved its outlook, with its shares rising about 6% on Thursday upon Thursday's report during extended trading. Premium cosmetics giant, The Estee Lauder Companies (NYSE: EL), issued a weak guidance and slow recovery of its business in Asia. Farfetch Limited (NYSE: FTCH) stock tanked after the luxury fashion e-commerce retailer p