Shoppers outside a Target store ahead of Black Friday, in Clifton, New Jersey, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty Images As the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers and persuade them to splurge on...
EasyJet rakes in record $4.5 billion from fare add-ons as CEO slams ‘unfair’ penalty over practice
EasyJet on Wednesday reported record revenue from charging passengers for flight add-ons such as extra baggage in the full year to October, as the budget airline's CEO criticized a recent Spanish fine over the practice. The easyJet group, which comprises an airline and a package holiday provider, said ancillary...
Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes
Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain. Yet despite its better-than-expected quarter, the Seattle-based retailer gave only a slightly rosier full-year sales...
Why exchange-traded funds are a ‘growth engine’ of active management
Actively managed exchange-traded funds are a growing trend in the investment space. To that point, investors have pulled money from active mutual funds and sought out actively managed ETFs in recent years. Investors yanked about $2.2 trillion from active mutual funds from 2019 through October 2024, according to Morningstar data....