Bad news for Black Friday: Retailers cast doubt on holiday shopping with cautious guidance
Publishing timestamp: 2023-11-22 12:41:59
Summary
The article discusses how many retailers have provided cautious or disappointing fourth-quarter outlooks, signaling trouble for the holiday shopping season. Factors such as inflation, rising interest rates, and reduced consumer confidence are impacting retailers' forecasts. The article highlights specific retailers and their outlooks, emphasizing the overall lack of confidence in the holiday quarter and raising concerns about the economy's health.
Sentiment: NEGATIVE
Tickers: ANF, DKS, HBI, WMT, TGT, BBY, BJ, JWN, TPR,
Keywords: breaking news: economy, breaking news: business, dick's sporting goods inc, economy, walmart inc, nordstrom inc, bj's wholesale club holdings inc, holiday shopping, business, abercrombie & fitch co, inflation, earnings, target corp, hanesbrands inc, tapestry inc, retail industry, best buy co inc, business news,
Source: https://www.cnbc.com/2023/11/22/retailers-outlook-black-friday-holiday-2023-spending.html