M Science lifts estimates on Macy’s (M+0.7%) after noting strengthening trends in Q3 on a rebound in October driven by both online and brick and mortar.Analyst Matthew Jacob points to Kids’ and juniors’ products share increasing for Macy’s indicating a strong back-to-school season. In addition, Macy’s (NYSE:M) market spend share is also noted to be…
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Dillard’s Inc., the 83-year-old department store, has soared 417% this year, and it’s thanks in part to its ability to manage a global supply chain snafu amid a jump in customer demand. Dillard’s gained as much as 23% on Thursday to a record $364.08 after quarterly results blew estimates out of the water. The company’s…
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Uber and Lyft are emerging from the pandemic as leaner, lower-cost companies with a long-elusive operating profit and the unexpected power to raise prices without alienating riders. Ride-hail fares have surged to unprecedented levels this year due to a driver shortage. Much to the companies’ delight, riders so far appear undeterred, flocking back to the…
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