retail industry

The retail industry is facing a potential wave of bankruptcies – here's why

The retail industry is facing a potential wave of bankruptcies – here’s why

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning …

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Macy's stock surges as company raises 2022 profit outlook despite uncertain retail landscape

Macy’s stock surges as company raises 2022 profit outlook despite uncertain retail landscape

A person walks past a Macy’s store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images Macy’s on Thursday reported fiscal first-quarter profits and sales ahead of analysts’ expectations, as shoppers returned to malls to shop for new outfits, luggage and luxury goods in spite of decades-high inflation that has …

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