7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...

U.S. department store chain Macy’s lifts its annual profit forecast on strong luxury demand

A Macy's store in the Downtown Crossing district, in Boston, on Nov. 17, 2021.Charles Krupa/The Associated Press

Upscale U.S. retail chain Macy’s Inc M-N raised its annual profit forecast on Thursday on resilient demand for high-end clothes and beauty products, while the inflation squeeze on lower-income shoppers forced rival Kohl’s Corp KSS-N to scrap its forecast.

Luxury goods sales have held up for Macy’s as affluent shoppers returning to social events after the pandemic splurge on pricier handbags, perfumes, clothing and gifts heading into the holiday season.

But Kohl’s withdrew its annual forecasts, as the company, which caters more to lower-income customers and stocks fewer luxury goods, reeled from weakening demand due to rising prices. “The Kohl’s customer is being hit by inflation a lot more than Macy’s,” said Jane Hali & Associates analyst Jessica Ramirez.

“Shoppers are also now traveling and returning to offices, and Macy’s has a better collection of those products. You’re not going to Kohl’s for dresses,” she said.

Shares of Macy’s rose 10 per cent. On Wednesday, the stock fell 8 per cent as a holiday sales warning from Target Corp pummeled retail stocks.

Inventories at Macy’s were up just 4 per cent in the third quarter from a year ago, thanks to heavy discounts to clear excess stocks of casual and athleisure apparel. Kohl’s inventories ballooned 34 per cent.

Macy’s warned of more promotions heading into the holidays and reversed its earlier position that Christmas shopping would start early, saying consumers were holding out in the hope of getting discounts.

“(Consumers) are under a tighter budget, feeling the impact of inflation on non-discretionary items and beginning to deplete their savings. With that in mind, we believe they are waiting until closer to holiday to make purchases,” Macy’s Chief Executive Jeffrey Gennette said.

Kohl’s executives also made similar comments on an analyst call.

Macy’s raised its fiscal 2022 adjusted per-share profit forecast to $4.07 to $4.27 from $4 to $4.20.

https://www.tausiinsider.com/u-s-department-store-chain-macys-lifts-its-annual-profit-forecast-on-strong-luxury-demand/?feed_id=336008&_unique_id=64863e9fde4c7

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