share_log

Retail Earnings Provided Clear Customer Behavior Insights That Benefited Discount Retailers And Left High-End Retailers In The Dark

Benzinga ·  Aug 19, 2023 02:16

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 posted a big revenue miss and weaker than expected guidance. These latest reports continue the trend that Target Corporation (NYSE:TGT) and Walmart Inc...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment