On a year-on-year basis, Australia's retail sales figures are up about 5 percent in May, says David Thomas, head of Australian consumer research at CLSA.» Read More
Due to the Yom Kippur holiday tomorrow, a number of retailers are reporting September same store sales a day early. In general, discounters (ex-Target) outperformed, so Wal-Mart, Costco BJ, and Fred's all did fairly well.
U.S. stock index futures turned positive after coordinated action to cut rates across the globe to fight the danger of the world economy being hit by a depression.
Halloween is not just for the tykes anymore. An estimated 51.8 million adults plan to sport some sort of costume for the big night.
I had a conversation with a high-profile owner and asked him what his greatest concern in these tough economic times was. He told me exactly what I thought I'd hear. With the lack of liquidity in the market, he said, how hard is it going to be to sell a team for the so-called appraised value?
Aikman has been among the smarter of the athlete businessmen out there, so I thought that with the economic downturn it would be a good time to talk with him.
Cowed by the financial crisis, American consumers are pulling back on their spending, all but guaranteeing that the economic situation will get worse before it gets better, the New York Times reported.
Every year, friends of mine head up to Hong Kong to go shopping. Not at the swanky boutiques in Central or the funky shops in Causeway Bay. Nope, they go to the warehouse outlets on the other side of Hong Kong Island. Why?
The credit freeze, which is shifting into overdrive heading into the holiday season, is expected to hit consumers harder than corporate America.
In our story today on Puma utilizing the "World's Fastest Man" Usain Bolt (link: we put in what I thought would be a pretty pointless poll asking you who was more marketable on the world stage: Michael Phelps or Bolt.
Now, with a deal on the financial bailout expected soon, let's get back to the real economy—and the recession already in progress.
Michael Beasley's sticking to the line that he's been in adidas shoes his entire life. We're fine with that. But there's no reason to go out of the way to say you've been completely loyal if there are thousands of photos that suggest otherwise.
Not surprisingly, Americans are still down on the economy, according to the latest CNBC survey, with 93 percent of respondents describing it as poor or fair. But, in light of the Wall Street problems on the front page, there are signs that sentiment has bottomed. Nowhere is that more apparent than the huge jump in expectations that the economy will get on track in the next year.
After a retail group says to expect the worst Christmas in years, what will Nike earnings on Wednesday reveal about the outlook for holiday spending?
For many of the nation’s retailers, this is shaping up to be the most critical holiday season since the recession of the early 1980s. Chains that fare poorly could end up as ghosts of Christmases past, says the New York Times.
Holiday sales are expected to grow at the slowest pace in six years as shoppers worry about jobs, the housing and stock markets and high gas and food prices, according to a forecast from the National Retail Federation being released Tuesday.
When the Orlando Magic unveil their new jersey tomorrow, they’ll try to make the announcement as "big" as possible. That’s good news to Doug Verb, who has developed a great niche in putting the world’s largest jerseys on huge inflatables.
My report last night about Nikes exiting the swim business came without the company's public confirmation. A few minutes ago, company spokesman Dean Stoyer confirmed the news in a statement:
Attention Wall Street: Add the precipitous slowdown in consumer spending to the list of worries and reasons to think a recession is underway or imminent.
Teens across the nation have spent their summer vacations battling high gas prices, competing for jobs in a weak part-time employment market, and making do with smaller contributions from cost-conscious parents, said Portfolio.com