holiday season Archives - CFO

Holiday Retail Sales Forecast to Rise 1% to 1.5%

Holiday Retail Sales Forecast to Rise 1% to 1.5%

High unemployment and economic anxiety will weigh on consumers, keeping sales well below last year's 4.1% gain, Deloitte says.

By Matthew Heller | September 15, 2020

E-Commerce Posts 18.8% Holiday Season Gain

E-Commerce Posts 18.8% Holiday Season Gain

Retailers offered omnichannel sales earlier in the season, "meeting consumers’ demand for the best deals across all channels and devices."

By Matthew Heller | December 26, 2019

Consumer Spending Rises 0.4% in November

Consumer Spending Rises 0.4% in November

“Despite the late start to the holiday season, U.S. consumers were in a festive mood, suggesting the backbone of the economy remains rock solid."

By Matthew Heller | December 20, 2019

Holiday Season Weakness Hits Macy’s, Kohl’s

Financial Performance

Holiday Season Weakness Hits Macy’s, Kohl’s

"The rising tide of the economy is not floating all retail boats,” an analyst says of the department store chains' disappointing sales growth.

By Matthew Heller | January 10, 2019

Kohl’s Shares Dip 9% Despite Earnings Beat

Financial Performance

Kohl’s Shares Dip 9% Despite Earnings Beat

The retailer has been one of Wall Street's hottest stocks this year but investors may be jittery over promotional spending for the holiday season.

By Matthew Heller | November 20, 2018

U.S. Holiday Sales to Pass $1 Trillion Milestone

U.S. Holiday Sales to Pass $1 Trillion Milestone

A report by eMarketer predicts a 6% surge to $1.002 trillion in holiday spending this year, the biggest gain since 2011.

By Matthew Heller | November 6, 2018

Apple Shares Fall 6.5% on Disappointing Outlook

Financial Performance

Apple Shares Fall 6.5% on Disappointing Outlook

The company's revenue projection for the holiday season fueled concerns that slowing growth "could translate into a new growth paradigm.”

By Matthew Heller | November 2, 2018

Sears Takes More Steps to Shore up Finances

Sears Takes More Steps to Shore up Finances

If the refinancing effort is not successful, the company "will consider all other options" to maximize asset value.

By Matthew Heller | January 10, 2018

Target’s Comp Sales Surge 3.4% Over Holidays

Target’s Comp Sales Surge 3.4% Over Holidays

The Christmas period results give "some validation to Target’s expensive plan to improve stores, delivery logistics, and customer service."

By Matthew Heller | January 9, 2018

FedEx Earnings Beat, Package Deliveries up 9%

Financial Performance

FedEx Earnings Beat, Package Deliveries up 9%

The company predicts a record holiday season after strong domestic and international shipping demand over Thanksgiving.

By Matthew Heller | December 20, 2017

Foot Locker Earnings Double in Third Quarter

Foot Locker Earnings Double in Third Quarter

The retailer posted a 4.7% increase in same-store sales and is "well on track" to meet its target of a mid-single digit gain for the year.

By Matthew Heller | November 21, 2016

Target’s Same-Store Sales Beat Expectations

Target’s Same-Store Sales Beat Expectations

The 1.1% drop in comp sales for Q3 was a relief to investors and Target now forecasts as much as a 1% increase for the next quarter.

By Matthew Heller | November 16, 2016