CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Headlines hurt stocks this week, while GM is facing a federal investigation. The White House boosts overtime pay for non-union workers, McDonald's employees are suing the company and Men's Wearhouse gets Joseph A. Bank.» Read More
Former University of Tennessee standout and WNBA top draft pick Candace Parker has signed her first two endorsement deals, CNBC has learned.
It costs consumers more to buy ‘green’ or eco-friendly products. But retailers are hoping that consumers’ conscience will override price-consciousness when it comes to buying these green lines.
Imagine going to NBA games for $1 a game. No way, right? Way. Michael Rand's Randball picked off this great nugget. Apparently, the Kevin Garnett-less Minnesota Timberwolves are so desperate from their horrific season--in which they drew the second worst attendance in franchise history (14,402 fans per game)--that they are doing a "Pay the Pick" deal.
Cash your stimulus check at Sears and the company will give you a bonus gift card worth 10 percent of that check. What's the catch? You have to cash your entire check and trade it in for a giftcard that has to be redeemed at a Sears, Kmart or a Land's End sometime between May 14 and July 19th.
In the cross training war between Nike and Under Armour, I gave the early edge to Nike. Why? Well, I liked Nike's commercial a little bit better and I thought that Under Armour's decision to run their spot during the Super Bowl was the wrong one.
Most Retail Detail readers are skeptical about Blockbuster's attempted takeover of Circuit City. Carl Icahn is financing this deal but Circuit City management seems to be resisting it. What's interesting is that Circuit City is now in play.
Cheryl Miller was before her time. Rebecca Lobo was too tall. Lisa Leslie was missing that flash. To date, no professional women's basketball player has been able to be a marketable icon: a true commercial star with an identifiable logo on a pair of shoes and a player who does something more than sell a bunch of college and WNBA jerseys.
European company earnings out Tuesday indicated mixed consumer sentiment, with some retailers blaming the early Easter for weaker-than-expected results while others reported strong results.
Stocks opened mixed as investors juggled an unexpected loss from Wachovia and an uptick in retail sales.
After a surprise gain in retail sales for March, CNBC asked CEOs of top retailers how they're faring.
Whew.. what a morning. I've been reporting on Blockbuster's surprise $1 billion surprise offer for Circuit City. A lot of interesting questions to ponder here, including: Why would Carl Icahn choose to finance the $1 billion Blockbuster bid? Why wouldn't Blockbuster just join in a partnership with Circuit City in order to gain access to the customer list?
European shares closed firmly in the red Monday, but were off the session's lows, as U.S. retail sales, a key gauge of the economy's health, came in better than expected.
US retail sales unexpectedly rose 0.2 percent in March, pushed up by a jump in gasoline sales, a government report released on Monday showed.
The Dow and S&P 500 snapped a two-day losing streak Thursday, led by technology stocks after an upgrade on the chip sector.
Stocks advanced Thursday, helped by an upgrade on the chip sector and increased forecasts from two Dow components.
Retail sales results were almost universally in the red in March--but--retail stock prices were trading in the green. Why? Many on Wall Street were prepared for the weakest sales results in 13 years and that is indeed what we got on Friday.
Retail analysts had been expecting weak sales in March, but an early Easter holiday, chilly weather and recession-wary consumers combined to deliver March sales that were even drearier than expected.
Stocks opened higher Thursday after a better-than-expected report on jobless claims, and raised outlooks from Dow components DuPont and Wal-Mart.
March retail same store sales were weak, outside of discounters. Remember companies and analysts have been aggressively taking down first quarter estimates for over a month (as well as same store sales), but companies like JC Penney, Target, Gap, Abercrombie, and Kohls were all notably below expectations on same store sales.
The dollar is weak again; Band of England lowered rates, but Europe has been weak right from the open and that weakness has spilled over into our futures. Elsewhere: 1) March retail sales were again fairly sluggish...