On Wednesday, Wall Street expects the department store chain to report $5.06 billion in revenue, a 1.4% year over year decline. Same store sales are expected to be down 0.49%, while adjusted earnings per share is estimated to drop from $0.29 to $0.26.
The strategy includes closing underperforming stores, improving remaining "go forward" locations, and investing in digital sales. "The chain’s weekly foot traffic has remained at or above 2023 levels since the middle of the month – likely spurred by back-to-school shopping and sales," Placer.ai Citi analyst Paul Lejuez expects the company to beat Q2 expectations, but does not expect it to raise guidance, adding in a note to clients "they will likely want to remain cautious given the macro backdrop."MONTREAL — Quebec Premier François Legault has announced a six-month freeze on certain temporary foreign worker applications in Montreal, in a move intended to put pressure on Ottawa to reduce the number of non-permanent residents in the province.
Younger adults may be feeling more financially stressed than older adults -- and it appears to be impacting their mental health. Check Out: 6 Things Frugal Boomers Never Buy Read Next: 7 Reasons Gen Z...
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