NEW YORK — Grocery aisle deals and an emphasis on affordable but stylish clothes helped Target reverse a year-long sales slump, while Macy’s on Wednesday reported another quarterly decline and said sales for the fiscal year will be weaker than expected due to a “more discriminating consumer” outlook. Macy’s posted a profit of $150 million, or 53 cents per share, …
NEW YORK — The earnings results from Best Buy and Kohl’s, announced Thursday, offer the latest evidence of consumers’ cautious spending amid a challenging economic environment. Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales as Americans pull back on gadget spending to prioritize essential purchases and pay more for things like rent. Best Buy …
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Oil-and-gas companies have built up a mountain of cash with few precedents in recent history. View Full Image FactSet/WSJ Six companies often described as Big Oil—Italy’s Eni, France’s TotalEnergies, the U.K.’s Shell and BP, and domestically headquartered Chevron and Exxon Mobil—reported nearly $160 billion in cash and cash equivalents across their balance sheets at the end of the first quarter. …
