Ross executives say looming plans by the Trump administration to slap 10% tariffs on apparel and footwear made in China have forced the chain to update its earnings guidance for the remainder of the year.
Shares of several retailers rode the coattails of Nordstrom and Dick's Sporting Goods on their favorable earnings releases Thursday, but Friday offers a mixed bag.
Investors can find far better yield by simply buying the S&P 500.
Hibbett Sports rises after reporting a narrower-than-expected second-quarter loss.
The off-price apparel retailer is appealing due to a favorable growth profile, resilience during periods of macroeconomic distress and valuations that do not look overstretched.
Watch the video timeline of Foot Locker, Inc's heritage. A history that has close ties to Woolworth.
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