financetom
Business
financetom
/
Business
/
Holiday Heat: Dollar General And Macy's Unveil Holiday Strategies
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Holiday Heat: Dollar General And Macy's Unveil Holiday Strategies
Oct 15, 2024 11:13 AM

Dollar General Corporation ( DG ) and Macy’s Inc. shares traded slightly higher on Tuesday morning.

This holiday season, Dollar General ( DG ) said it is launching a holiday toy guide packed with deals to delight customers. Featuring top-name brands like Fisher Price and Pokémon, nearly every toy is priced under $20, with most available for $10 or less.

The retailer plans to also launch a digital holiday guide featuring beauty and personal care, pet, electronics, home and apparel gifts.

Also Read: Walmart Steps Up Holiday Game, Inflation-Free Thanksgiving Meal Returns

According to a research report by Limelight Marketing, the 2024 holiday shopping season is anticipated to be robust, particularly for e-commerce.

Total retail sales are projected to grow by 4.8% year-over-year, underscoring the overall strength of the retail market during the holiday season. Experts forecast a 9.5% increase in online sales compared to 2023, resulting in a total of approximately $271.58 billion.

“For many families across America, Dollar General ( DG ) is the go-to destination for all holiday needs, offering quality items and savings that help families make the most of the season,” the company said.

According to Benzinga Pro, DG stock has lost over 29% in the past year. Investors can gain exposure to the stock via Pacer Lunt Large Cap Alternator ETF ( ALTL ) .

Meanwhile, Macy’s Inc also released its plans for this holiday season.

This season, Macy’s is launching the Holiday Square by Urbanspace at its Herald Square store in New York. The event will run from November 1, 2024, through January 3, 2025

Macy’s will also have a shop at The Holiday Shops at Bryant Park starting October 25, featuring Macy’s Thanksgiving Day parade products and gifts.

M stock has gained over 42% in the past year. Investors can gain exposure to the stock via Invesco S&P Midcap 400 Pure Value ETF ( RFV ) .

Price Action: DG shares are trading higher by 1.5% to $80.96 at last check Tuesday.

Read Next:

Goldman Sachs Q3 Earnings: Investment Banking Fees Surges 20%, Asset & Wealth Management Up 16%, But Fixed Income Falters

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved