Several large retail chains reported earnings this week, including Macy's (M) — whose new CEO Tony Spring plans to close 150 stores by 2026 — and TJX Companies (TJX). Yahoo Finance Live anchors Seana Smith and Brad Smith translate what retailers' performances are indicating within the US consumer, the strength of department store locations, and luxury spending patterns. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Grocery Outlet's (GO) fourth-quarter results reflect a comparable store sales increase of 2.7%. Management anticipates comparable store sales growth of 3-4% for 2024.
Target's fourth-quarter results are likely to be favorably impacted by a diverse product range, strategic market expansions and seamless integration of digital technologies.