Macy’s (M) will be delaying the release of its third quarter results until December 11 after an investigation found an employee hid $132 million to $154 million in shipping expenses from the department store. According to the retailer’s preliminary earnings, its net sales are forecasted to come up $10 million shy of estimates while narrowing declines in same-store sales. Yahoo Finance senior retail reporter Brooke DiPalma relays the known facts in Macy’s ongoing investigation and breaks down the store’s preliminary earnings figures. SW Retail Advisors president Stacey Widlitz joined Yahoo Finance earlier this morning to talk more about Macy’s post-pandemic recovery compared to other major retailers. Catch Yahoo Finance’s full […]
The Russell 2000 (^RUT) small cap index was edging lower Tuesday morning as the index has moved nearly 3% lower over the past five days (at the time of this video’s posting on Tuesday). As Wall Street investors and retail traders have shifted in and out of the tech trade, in preference to small caps, are there more catalysts on the horizon to push this trend even further? Glenmede VP of Investment Strategy Mike Reynolds finds there to be two major tailwinds for the small-cap market: fairer valuations and earnings growth expectations ahead of 2025. “Going into 2025, we’re expecting some pretty meaningfully better, better [growth] results. Twenty percent-plus, whether […]
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