Bad news for Black Friday: Retailers cast doubt on holiday shopping with cautious guidance

[ad_1] A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov. 21, 2023. Saul Loeb |…

Costco tops quarterly earnings expectations, even as sales remain soft

[ad_1] Costco on Tuesday reported quarterly earnings that topped Wall Street’s expectations, as shoppers turned to the membership club for groceries but bought fewer big-ticket items. On an earnings call,…

Shrinking food stamp benefits for families mean yet another challenge for retailers

[ad_1] A worker carries bananas inside the Walmart SuperCenter in North Bergen, New Jersey. Eduardo Munoz Alvarez | AP For some shoppers who already struggle to cover grocery bills, the…

Walmart-owned Sam’s Club plans to open about 30 new stores over next five years

[ad_1] Shoppers stock up on merchandise at a Sam’s Club store in Streamwood, Illinois.  Scott Olson | Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than…