Retail Sales


  • Retailers Heart New Theft Detection Software Tuesday, 29 Jul 2008 | 10:31 AM ET

    Billions of dollars are stolen from grocery stores every year, but it's not because of shoplifting. The money walks out the door right at the cash register, where employees are using a scheme called "sweethearting," or giving away merchandise by not scanning it. Now, there's a video security system that can stop it.

  • Crocs Shares Tank as Shoemaker Slashes Outlook Friday, 25 Jul 2008 | 3:16 AM ET

    Shoemaker Crocs on Thursday cut its profit and revenue forecasts for the second quarter and full year, sending the company's shares spiraling by more than 50 percent in extended trading.

  • Amazon Profit Up, but One-Time Gain Contributes Wednesday, 23 Jul 2008 | 5:20 PM ET

    Amazon.com's quarterly net income doubled from a year ago and beat Wall Street targets, though much of the gain was related to the sale of European DVD rental assets, confusing some investors.

  • Will Favre Have To Pay Up For No. 4? Wednesday, 23 Jul 2008 | 11:50 AM ET
    Brett Favre's #4 jersey.

    If Favre is traded to the Carolina Panthers, there could be some money involved with getting the No. 4. That’s because the man who wears No. 4 is their kicker John Kasay, who was drafted in the same draft as Favre (1991) and is the last standing original Panther.

  • Costco Warns On Quarterly Profit, Stock Drops Wednesday, 23 Jul 2008 | 6:36 AM ET
    A Costco employee pulls shopping charts at a Costco Wholesale store.

    Costco Wholesale, the No. 1 U.S. warehouse club operator, warned on Wednesday that quarterly profit would miss current Wall Street targets because of soaring energy costs and other inflationary pressures, sending its shares down more than 8 percent.

  • Back-To-College Spending to Fall this Year: Survey Tuesday, 22 Jul 2008 | 1:27 AM ET

    U.S. parents with school-aged children will spend more on back-to-school merchandise this year, helped by tax rebates, but spending for back-to-college will fall as students struggle with the spike in gas prices, according to a survey released Tuesday.

  • NBA Rookies Sized Up for Shoe Contracts Friday, 18 Jul 2008 | 4:45 PM ET

    The NBA Draft was three weeks ago and Derrick Rose and Michael Beasley still haven’t signed with a shoe company. In the summer league games, Rose wore both Nike and adidas. Beasley wore Jordans. But none of the brands have confirmed that either of them have signed.

  • Bullish on Back-to-School Stocks Thursday, 17 Jul 2008 | 3:44 PM ET

    Despite consumers cutting back spending, Christine Chen, vice president of equity research at Needham & Company, still feels bullish about the back-to-school retail industry.

  • Preview: EBay Needs to Beat And Beat Big Wednesday, 16 Jul 2008 | 12:04 PM ET
    An Ebay sign is shown at Ebay offices in San Jose, Calif., Wednesday, July 20, 2005. The San Jose-based company said Wednesday that it earned $291.6 million, or 21 cents per share, for the three months ended in June, a 53 percent increase from $190.4 million, or 14 cents per share at the same time last year. (AP Photo/Paul Sakuma)

    This has been a raucous legal quarter for online auction house eBay: filing suit against Craigslist, where it owns a 28 percent stake in that company; eBay stock has fallen about 13 percent since its last report; 20 percent since the beginning of the year.

  • Home Video Business Doing Well Enough These Days Tuesday, 15 Jul 2008 | 3:54 PM ET
    DVD's for sale

    Forget about that doom and gloom scenario. At least the home video business is holding its own. Despite the economic downturn, the high price of gas, tighter consumer spending, and the new competition of digital distribution, DVD and Blu-ray disc sales are surprisingly strong.

  • Where's The Boost From Rebate Checks? Tuesday, 15 Jul 2008 | 3:50 PM ET
    Crowd of people on the street

    Weaker-than-expected retail sales implies that tax rebate checks aren't doing too much to stimulate the economy, according to Merrill Lynch Economist David Rosenberg.

  • Steve & Barry's: So What IS Next For Them? Tuesday, 15 Jul 2008 | 8:59 AM ET

    The most troubling aspect of the business is that they don’t own the intellectual property of many of the brands they made their name on and have lost some of the licensing contracts that once generated so much business for them.

  • Web Extra: Tomorrow's Market Movers Monday, 14 Jul 2008 | 6:44 PM ET

    In Monday’s Web Extra the traders reveal how to play J&J earnings, retail numbers and other events likely to move the market, tomorrow!

  • Steve & Barry's Filing May Lead to Liquidation: WSJ Monday, 14 Jul 2008 | 3:01 AM ET

    U.S. apparel chain Steve & Barry's Chapter 11 bankruptcy filing last week is likely to lead to its liquidation, The Wall Street Journal said on Monday citing people involved in the case.

  • NZ Retail Sales Tumble as Economy Cools Further Sunday, 13 Jul 2008 | 11:58 PM ET

    New Zealand's retail sales fell at their steepest pace in more than four years in May, while the housing market and services sector weakened further, putting pressure on the central bank to cut interest rates soon.

  • Game Plan: What to do with Fannie and Freddie Friday, 11 Jul 2008 | 6:37 PM ET

    Also, how to play next week's busy schedule of earnings.

  • Starbury Sneakers

    The New York Post reported this morning that New York Knicks guard Stephon Marbury, who popularized low cost basketball shoes with his "Starbury" brand at retailer Steve & Barry's, spent Wednesday in Seattle signing a deal with Amazon to sell the sneakers on their web site.

  • Indexes Eke Out Gains After Wild Session Thursday, 10 Jul 2008 | 4:57 PM ET

    The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers and oil prices surged more than $5 a barrel. Still, all three major indexes eked out gains by the closing bell.

  • Stocks Reel as Oil Surges, Financials Get Hit Thursday, 10 Jul 2008 | 3:37 PM ET

    The Dow chart looked like a yo-yo Thursday as traders pounded financials including Freddie Mac and Lehman Brothers, overshadowing any positive news the market had to offer.

  • Stocks Flail as Freddie, Lehman Get Pummeled Thursday, 10 Jul 2008 | 2:44 PM ET

    Stocks flipped and somersaulted Thursday as investors juggled worries about capital constraints at Fannie Mae and Freddie Mac with a drop in jobless claims, merger activity and encouraging retail sales.