Retailers feel the sting as cautious consumers weigh their options
News Source : Yahoo Entertainment
News Summary
- For the luckiest and best-executing companies, the value proposition drew consumers in.
- Walmart posted US same-store sales that had the slowest pace of growth since the end of 2020.
- Dollar Tree beat analysts' expectations, but the stock fell 4% as the discount retailer's guidance for the current quarter disappointed..
- Best Buy posted quarterly results on Thursday that surpassed Wall Street estimates as new technology boosted sales, but the company's stock fell 5% anyway.
- It might not be the right time to splurge on a bathroom renovation, golf clubs, or new clothes, but people are sticking to their skin care routine.
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