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...That’s why some retail analysts were curious about the Macy’s and DSW announcements....
...Monday The 25th anniversary of Google being incorporated as a privately held company....
...Sachs president John Waldron speaks at the Bernstein 39th annual strategic decisions conference in New York Results: Auto Trader FY, Broadcom Q2, Dell Technologies Q1, Dollar General Q1, Dr Martens FY, Macy...
...year over the company’s handling of former chief executive Bob Chapek’s final months in the job Results: Renew Holdings H1 trading update Tuesday 100th anniversary of Warner Brothers Pictures, being...
...This year, 70 per cent of S&P 500 companies incorporated some type of environmental, social and governance (ESG) factor into executive bonus plans, up from 57 per cent a year ago, according to a July report...
...Retail is a theme as is the utility industry in the UK. Twitter is among those holding their annual general meetings this week — should be lively....
...Even so, three of Simon’s top occupants have filed for Chapter 11 bankruptcy, while its largest, Macy’s, faces widespread store closures....
...The accounts reported this week do not cover income from that side of the business, which is incorporated as a separate company sharing the same holding company....
...Apple shares fell nearly 5 per cent to $194.89 amid weak forecasts from supplier Lumentum Holdings....
...Real estate companies exposed to Sears include Simon Property Group, Washington Prime and Kimco, yet in each case the chain’s rents account for less than 1 per cent of group revenue, according to S&P....
...US retail sales, excluding automobiles, climbed 4.9 per cent between November 1 and Christmas Eve, the strongest pace of growth since 2011, according to MasterCard SpendingPulse, a unit of the credit card...
...“How many S&P 500 companies can be bought at 11 times free cash flow?...
...The likes of U2’s Unforgettable Fire and the Beastie Boys’ Licensed to Ill are packed away in boxes in my house, their magnetic tape slowly corroding....
...The S&P 500 retail real estate investment trust index dropped 1.9 per cent on Tuesday, and has tumbled 6 per cent since the end of trade last Wednesday....
...After a building spree left China with far too much retail space, Renhe’s finances were squeezed....
...The results from Macy’s, and for rival Kohl’s, helped ignite a rally in retail stocks....
...However, some — including Macy’s and Kohl’s — have started to stabilise as they adjust to the changing brick-and-mortar retail environment....
...Shares in Sears have tumbled more than 39 per cent so far this year — worse than the 18 per cent drop in the S&P 500 department store sector....
...holdings....
...Exhibit three: shares in Macy’s, Nordstrom, Kohl’s, Sears and JC Penney have all underperformed the S&P 500 over the past five years (years when, remember, the US economy has been recovering)....
...JC Penney has been a bright spot in the department-store sector — with same-store sales declining 4.8 per cent at Macy’s, 2 per cent at Dillard’s and 7.1 per cent at Sears Holdings — amid the rise of ecommerce...
...The S&P 500 retail sector, which includes names like Macy’s , Kohl’s, Netflix and Priceline and has advanced more than 25 per cent so far this year, declined more than 2 per cent....
...You could get everything under one roof and it was convenient,” says Neil Saunders, managing director of Conlumino, a retail research group....
...Following a very choppy session, the S&P 500 was 0.3 per cent lower at 2,074 at the close, after holding within a tight 11-point range....
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