If U.K. consumers continue to keep spending, incentivized by low oil prices, then the Bank of England could hike interest rates sooner than we think, says Jane Foley, senior currency strategist at Rabobank.» Read More
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...
I was listening to the Circuit City conference call this morning and one headline really jumped out. Management said that the company is "assuming a recession in the first half of the year and a soft economy in the second half."
Plus, Intel drags down tech, breaking news from American Airlines and UPS and much more.
Is online retail the only avenue of real growth in this sector? Keep in mind that this part of the market still only represents 7 percent of overall sales. But online retail is bigger than ever. Internet sales are benefitting from the same headwinds that that are hurting sales at brick and mortars.
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Want to monitor the security cameras at headquarters while you're having dinner at home? Want to keep an eye on the kids while you're at your desk? Now you can. Richard Soloway, chairman and chief executive of Napco, explains his new service, i-See Video.
When you're stressed, do you hit the bar or hit the gym? Do you drink whiskey or wheatgrass? Lululemon Athletica's incoming CEO Christine Day says that one strategic advantage of the high-priced yoga wear line is that during an economic downturn, people choose things to relieve that stress--like working out.
Euro zone retail sales turned out much weaker than expected in February, contracting on the back of falls in Germany and Spain and reinforcing concerns about the outlook for economic growth.
Revenge is bittersweet for Lululemon Athletica. Short interest in the stock is at 21 percent of the float right now and today's rally may have something to do with short covering. That said, investors who subscribe to Credit Suisse analyst Paul Lejeuz's thinking (his rating is outperform) would say that this yoga wear company has earned the right to a rally.