Black Friday Sales Were Strong. Shoppers May Spend More Than $9 Billion Online This Weekend, Adobe Says [Barron's]
Bath & Body Works, Inc. (BBWI)
Company Research
Source: Barrons
Consumers spent a record $9.12 billion online on Friday, up 2.3% from last year, according to Adobe (ticker: ADBE). Strong spending is expected through the weekend and into Cyber Monday. Electronics, smart home items, and audio equipment were among the drivers of that online growth. Toys and exercise equipment sales also rose. Popular items on holiday wish lists included Fortnite, Roblox Xbox Series X, drones, Apple MacBooks and Dyson products, Adobe says. In the face of higher prices and inflation, consumers opted for more flexible payment methods like Buy Now Pay Later—orders soared 78% this week compared to the previous one. “As Black Friday hit record spending online, we're also seeing more prominent signs of a budget-conscious consumer this year,” said Vivek Pandya, lead analyst, Adobe Digital Insights. This year's Black Friday follows a mixed bag of recent retailer stock performance. Companies have been dealing with supply chain problems, inflation and balancing invento
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BBWI
News
- A Look Back at Specialty Retail Stocks' Q4 Earnings: Bath and Body Works (NYSE:BBWI) Vs The Rest Of The Pack [Yahoo! Finance]Yahoo! Finance
- Fresh new Mother's Day fragrances are in full bloom at Bath & Body Works [USA TODAY]USA TODAY
- Bath & Body Works Celebrates National Laundry Day by Giving Back [Yahoo! Finance]Yahoo! Finance
- We tried Hilary Duff's plug-in fragrance diffuser—and the scents aren't stars [USA TODAY]USA TODAY
- Bath & Body Works, Inc. (NYSE: BBWI) had its price target raised by analysts at Piper Sandler from $44.00 to $45.00. They now have a "neutral" rating on the stock.MarketBeat
BBWI
Earnings
- 2/29/24 - Beat
BBWI
Sec Filings
- 3/28/24 - Form 4
- 3/27/24 - Form 144
- 3/22/24 - Form 10-K
- BBWI's page on the SEC website