American Eagle Outfitters Inc

Rafael Henrique | SOPA Images | LightRocket | Getty ImagesCheck out the companies making the biggest moves midday Wednesday:Roblox — Shares of the video game company skyrocketed more than 24% after the company reported $899.4 million in fourth-quarter bookings, surpassing the $875.3 million bookings expected by analysts, according to StreetAccount. CEO David Baszucki also said, "With 65 million daily active users in January, we are driving towards our vision to reimagine the way people come together by enabling deeper…

The holiday shopping season got off to a solid start over the weekend, as Black Friday's online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe's online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. That's up 2.3% over last year and well above expectations of a 1% increase. But that's only one piece of the puzzle. In another early look report, traffic on Black Friday at brick-and-mortar retail stores rose about…

Stocks rose on Friday but ended the turbulent week down. Stocks rose on Friday but ended the turbulent week down. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by…

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California.Allison Dinner | Getty ImagesAs some of the nation's largest retailers report quarterly earnings and revenue this week, Wall Street will pay close attention to another number, too — inventory levels.Walmart, Target, Gap, Kohl's and others are trying to sell through a glut of extra merchandise piling up in store backrooms and warehouses.related investing newsHere are Wall Street analysts’ favorite retail stocks as giants…

PayPal (PYPL): "PayPal did very well today. They are already on the road to redemption."MicroVision (MVIS): "It's a $3 stock. It's a dice roll. It could go down $3. Stocks stop at zero. It is losing a lot of money. So therefore, it's not my cup of tea."Verizon (VZ): "Verizon's got that big yield. But it looks like AT&T has finally passed them. And I am concerned they are going to have to spend a lot more to get back in competition with AT&T. So right now, I cannot recommend the stock of Verizon."Signature Bank…

Walmart has rolled out Joyspun, a new intimates and sleepwear line. It will replace one of its most popular apparel brands, Secret Treasures.WalmartWalmart is overhauling one of its most popular apparel lines — its top intimates and sleepwear brand.The discounter has begun to roll out bras, underwear, socks, pajamas and other items under the new brand, Joyspun, online and in stores. The brand replaces Secret Treasures, a major national line that has been in Walmart's big-box stores for more than two decades.Secret…

American Eagle clothing and accessories retailer American Eagle store seen in Tokyo.Budrul Chukrut | SOPA Images | Light Rocket | Getty ImagesAmerican Eagle this week joined the list of clothing retailers reporting bleak earnings as the industry works to figure out the type of items people want coming out of the pandemic, while also facing softening demand as inflation squeezes budgets.To clear products off shelves in the meantime, retailers including Macy's and Nordstrom have turned to markdowns that are cutting into…

Pedestrians pass in front of a GameStop retail store in New York, December 23, 2021.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading Thursday.GameStop – Shares of video game retailer rose 4% after the company disclosed a new partnership with cryptocurrency exchange FTX in its quarterly update. GameStop plans to collaborate with FTX on e-commerce and online marketing initiatives. The increase in the stock price came even as GameStop reported a sales decline and widened losses for the most-recent…

GameStop — GameStop surged 9.2% before the bell despite sharing a widening quarterly loss and declining sales. The video game retailer also announced a partnership with crypto exchange FTX. GameStop's results could not be compared since few analysts cover the company.Asana — Asana's stock surged 19% in the premarket following a beat on the top and bottom lines for the previous quarter. The communications software company shared a smaller-than-expected loss of 34 cents per share on revenue of $134.9 million. Revenue…

A customer shops for shirts at an American Eagle Outfitters store in San Francisco.David Paul Morris | Bloomberg | Getty ImagesExcess inventory has racked up in many retailers' warehouses and stores. But shoppers are still paying more as they refresh the closet.Apparel prices rose 0.8% in June compared to May, and 5.2% year over year, according to the Bureau of Labor Statistics' consumer price index Wednesday. Overall, the inflation gauge, which includes everyday items such as food and gas, rose a higher-than-expected…