From CNBC: 2024-05-31 14:36:20

The first-quarter earnings winners in retail are succeeding due to consumer selectiveness and strategic execution. Companies like Abercrombie & Fitch, TJX Companies, and Gap have impressed while others like Kohl’s and Target have fallen short. Gap saw success with a new CEO and product strategy while Foot Locker saw signs of life under a new turnaround plan. Dick’s Sporting Goods also had a solid report. American Eagle is adapting to new trends with denim being a strong performer, while Kohl’s struggles with staying relevant and forecasting trends. Retailers need to stay nimble and respond quickly to shifting consumer preferences to remain competitive.



Read more at CNBC: First quarter retail earnings don’t spell a consumer comeback