At Walmart, sales of teeth whitener are popping as customers take their masks off. So are travel items. Macy’s says that special occasion dressing like prom dresses are on the upswing as well as luggage, men’s tailored clothing, and dressy sandals.
Shoppers, newly vaccinated, are emerging from their homes and going out again, and that, along with government stimulus payments, is helping to boost fiscal first-quarter results for major retailers Walmart and Macy’s. They were among the first to release figures that covered the spring period. Walmart, the nation’s largest retailer, boosted its annual earnings-per-share outlook, while Macy’s surprisingly swung back into the profit column and it boosted its guidance for all of 2021. Continue reading.