Previous close | 2.1800 |
Open | 2.3800 |
Bid | 2.0400 |
Ask | 2.9800 |
Strike | 250.00 |
Expiry date | 2026-01-16 |
Day's range | 2.3300 - 2.5300 |
Contract range | N/A |
Volume | |
Open interest | 572 |
Amazon Fresh announced Thursday it would slash prices of 4,000 grocery products, following a similar strategy of other retailers piling on discounts.
Total earnings from 95.4% of the retail sector's market capitalization are up 31.9% on 5.6% higher revenues, with 69.2% beating EPS estimates and 57.7% beating revenue estimates. The results had a mixed impact on retail ETFs.
Results from U.S. mall-based apparel chains this week will give a clearer picture of whether Americans are splurging on clothes and accessories heading into summer following mixed results from big retailers Walmart and Target. Abercrombie and American Eagle are set to see revenue rise for at least their fifth straight quarter, while Gap is expected to post a marginal growth in comparable sales after five quarters of declines, betting on in-season merchandise to drive demand at full price. The expectation of strong demand for apparel companies comes as shoppers hesitate to splurge on big-ticket discretionary items like electronics and home furnishing.