September 5: Retail Brief
10 things that caught my eye: Macy’s nudges guidance up as its turnaround gains traction; Bloomingdale’s / Bluemercury continue to over‑index. Ulta crushes Q2 with high‑single‑digit sales growth and disciplined margins; beauty remains the traffic engine of U.S. retail. Abercrombie posts 11th straight growth quarter ; Hollister rebounds and brand heat stays high. Gap Inc. mixed : small comp uptick and EPS beat, but tariff overhang and margin pressure keep sentiment cautious. Walmart’s Q2: revenue strong, profit light ; guidance steady but valuation reset. Lululemon revamp : Q2 net revenue up 7% to $2.53 billion. Last week, the retailer also announced the hiring of Ranju Das who will be the company's first Chief AI & Technology Officer. Concurrently, it is overhauling its product design and development processes to push more newness faster. Off‑price still winning : TJX raises its outlook on broad‑based comp strength. Dollar General lifts guidance as value migr...
