December 3, 2025

  • Holiday weekend sales drew a record 202.9 million consumers to spend, according to data from the National Retail Federation (NRF). That figure is significantly up from last year’s number of 197 million, and also breaks the previous record of 200.4 million set in 2023. “Consumers continue to take advantage of the extended holiday shopping weekend with online deals on Cyber Monday. While mobile devices now lead as the most popular way to shop online for Cyber Monday, laptops also remain popular,” said Prosper EVP of strategy Phil Rist (via Chain Store Age).
  • Macy’s delivered its third quarterly Wall Street beat in a row, with the retailer now expecting an EPS of between $2 and $2.20 versus previous projections of between $1.70 and $2.05. Net sales are now anticipated to come in at between $21.48 billion to $21.63 billion, versus previous calls for $21.15 billion to $21.45 billion. “We’re pleased with the fourth quarter to date, but we have a big holiday in front of us,” said CEO Tony Spring of the company’s ongoing turnaround efforts (via CNBC).
  • American Eagle likewise beat Wall Street projections for Q3, and raised both its Q4 and full-year guidance as a result of its strong Sydney Sweeney campaign. Full year adjusted operating income is now projected at a range of $303 million to $308 million, revised upward from $255 million to $265 million, while fourth-quarter comparable sales are anticipated to rise by between 8% and 9%, much higher than analysts’ previous expectations of 2.1% (via CNBC).
  • San Francisco has launched a lawsuit against 10 major food manufacturers — including Coca-Cola, PepsiCo, General Mills, and Kraft Heinz — alleging that said manufacturers were knowingly creating a health crisis via the production and sale of ultra-processed foods. “They took food and made it unrecognizable and harmful to the human body. These companies engineered a public health crisis, they profited handsomely, and now they need to take responsibility for the harm they have caused,” said city attorney David Chiu (via FOX Business).
  • Dollar Tree also raised its annual profit forecast on the back of strong fiscal indicators, with an EPS of between $5.60 and $5.80 for fiscal 2025 being gestured toward, set against a previous EPS range of $5.32 to $5.72. Dollar Tree also enjoyed quarterly sales of $4.75 billion, beating analyst estimates of $4.7 billion (via Reuters).