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Off-price retailers are significantly outperforming department stores in sales and profitability, capturing 59.5% of total sales and 76.6% of profits, according to UBS. The firm rates TJX Companies and Burlington Stores as Buys, while maintaining Sell ratings on Macy’s, Dillard’s, and Kohl’s due to weaker growth prospects. Despite a valuation premium, UBS expects off-price retailers to continue their strong performance and gain market share.
Off-price retailers are significantly outperforming department stores in both sales and profitability, capturing 59.5% of total sales and 76.6% of profits, according to UBS. The firm maintains Buy ratings for TJX Companies and Burlington Stores, while remaining bearish on department stores like Macy’s and Kohl’s due to weaker growth prospects. Despite higher valuations for off-price stocks, UBS expects their strong fundamentals to sustain this trend.
JPMorgan Chase has launched an embedded finance solution for third-party sellers on Walmart Marketplace, enabling them to manage payments seamlessly within the platform. This integration allows for faster transactions, with sellers benefiting from quicker access to funds, enhancing cash flow management. The solution, which has also been adopted by Macy's, is part of JPMorgan's broader strategy to meet growing customer demand for customizable payment capabilities in the rapidly expanding e-commerce sector.
Stocks are experiencing a pullback, with the Dow slightly up while the S&P 500 nears the end of the post-election rally. Investors are closely watching inflation data, with expectations for a rise in the annual CPI to 2.9% and a slight dip in the monthly core reading to 0.2%. Tech stocks are under pressure, and Macy's has projected fourth-quarter sales at the lower end of its outlook, as concerns about potential 3% inflation in 2025 linger in the bond market.
Asian shares mostly rose, following a Wall Street rally, as U.S. inflation data suggested potential Federal Reserve support for the economy. The Hang Seng surged 1.4%, while the Nikkei 225 gained 1.2%. In the U.S., the S&P 500 climbed 0.8%, driven by tech stocks, despite a slight dip in the Dow.
Asian shares rose as Wall Street's rally continued, buoyed by an inflation update that suggests potential Federal Reserve support for the economy. The Hang Seng surged 1.7%, while Tokyo's Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, with Tesla jumping 5.9% and Stitch Fix soaring 44.3% after better-than-expected earnings.
Asian shares rose Thursday, buoyed by a Wall Street rally and positive inflation updates that may lead to Federal Reserve support for the economy. The Hang Seng surged 1.7%, while Tokyo's Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, marking its first two-day gain in nearly a month, as expectations for interest rate cuts fueled market optimism.
Asian shares rose Thursday, buoyed by a Wall Street rally and positive inflation updates that may lead to further Federal Reserve support for the economy. The Hang Seng surged 1.7%, while the Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, marking its first two-day gain in nearly a month, as inflation ticked up slightly to 2.7% in November.
US stocks mostly rose on Wednesday, led by a 1.5% jump in the Nasdaq Composite, as inflation data met expectations, suggesting a potential Federal Reserve interest rate cut next week. The Consumer Price Index (CPI) increased 2.7% year-over-year in November, slightly up from October's 2.6%. Meanwhile, the Dow Jones Industrial Average dipped 0.1%, and bitcoin prices soared to around $100,100.
The Dow Jones Industrial Average and major indexes showed mixed results following the November consumer price index, which met expectations. Tesla reached a record high with a 1.9% gain, while Nvidia climbed 0.9%. GameStop surged 5.8% after reporting a surprise profit, whereas Dave & Buster's plummeted 16% due to a significant fiscal loss and CEO resignation.
Macy's, Inc.
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off-price retailers outperform department stores in sales and profitability trends
United States Dollar
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20:04 31.03.2025
off-price retailers outperform department stores in sales and profitability trends
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