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  • Wall Street Beats Back Bears; Yahoo Gains 10% Monday, 7 Jul 2008 | 10:12 AM ET

    Stocks moved out of bear territory Monday as oil retreated more than $4 a barrel, easing inflation fears, and technology got a boost from two of its largest companies.

  • Even the Wealthy Are Being Prudent Monday, 7 Jul 2008 | 5:24 AM ET

    The music doesn't sound so sweet over at high-end audio-visual equipment maker Bang & Olufsen. The Danish company announced a downgrade on profit expectations for the year this morning.

  • On the Bright Side, Shopping Bargains Abound Friday, 4 Jul 2008 | 4:04 AM ET

    Anyone who has managed to forget about fuel prices long enough to enjoy a little retail therapy knows some steep discounts are available these days, the New York Times reported.

  • Steve & Barry’s, the miracle retailer that sold everything new at bargain basement prices, is contemplating filing for bankruptcy. And while making that move would not necessarily mean the end to the business, which grew to more than 250 stores and might now have to shut some of them, it does mean that anyone who hasn’t gotten paid isn’t too happy right now.

  • Nike “Air McFlys” Finally Hit Store Shelves Wednesday, 2 Jul 2008 | 10:23 AM ET
    Nike Hyperdunk sneaker

    The “Back to the Future” movie franchise, which produced three movies from 1985 to 1990, generated an impressive $935 million in gross box office receipts. Nike will be releasing their new Hyperdunk in a teal version to make it look like the “Air McFlys.” Shoe collector shop Undefeated in Santa Monica will get first dibs as they’ll sell less than 100 pairs today.

  • Australia May Retail Sales Rise on High Food Prices Tuesday, 1 Jul 2008 | 11:22 PM ET

    Australian retail sales rose well past expectations in May, pointing to consumer resilience in the face of higher living costs and challenging the official view that interest rates were high enough to curb domestic demand.

  • Australia's Just Cuts Forecast, Shares Drop Tuesday, 1 Jul 2008 | 10:04 PM ET

    Just Group, an Australian clothes retailer, cut its earnings forecast for the 2008 financial year by as much as 12.6%, hit by sluggish consumer demand, but said it still rejected a takeover bid from billionaire Solomon Lew.

  • Sony's Latest "Play" For Your Living Room Friday, 27 Jun 2008 | 12:32 PM ET
    Sony CEO Howard Stringer

    Sony's CEO Howard Stringer has unveiled the company's three year plan and one key to its growth strategy is a new video service called the PlayStation Network. Stringer said at a news conference: "Our mission is simply to be the leading global provider of networked consumer electronics and entertainment."

  • High-End Consumers Grow Cautious And Moody Thursday, 26 Jun 2008 | 2:35 PM ET

    High-end consumers are still shopping, but they are doing so with caution according to some executives from the high-end retail and recreational busines sector.

  • American Apparel Gets Good News But Charney Drama Goes On Wednesday, 25 Jun 2008 | 2:41 PM ET

    Good news for American Apparel: the company was able to reach an agreement on a new mended credit agreement with its lead bank. It is a positive in this tight lending environment to see a company lock in a credit line or letter of credit.

  • Joe Alexander "Bucking" The Trend? Wednesday, 25 Jun 2008 | 1:00 PM ET
    NBA Draft

    On Monday, I wrote about how the shoe money has dried up for this year's crop of NBA Draft picks. So much so, I'm hearing, that we might not see a single player ink a deal worth more than $2 million annually.

  • Fear the RBI and the BOC, not the FED Wednesday, 25 Jun 2008 | 7:20 AM ET

    The markets have worked themselves into a frenzy of navel contemplation about today's Fed meeting, and the "consensus" seems to be investors are collectively worried about Ben Bernanke & Co. sounding too hawkish.

  • Sports Retailers: Are They Feeling Consumer Pinch? Tuesday, 24 Jun 2008 | 2:20 PM ET

    Just look at Cabela's,spacer whose stock is hovering around an all-time low, down almost 50 percent from a year ago. Years ago, we applauded these guys for being absolutely awesome in the niche of hunting, fishing and outdoors.

  • Newspapers' Record-Breaking Bad News Monday, 23 Jun 2008 | 8:19 PM ET

    Newspapers are breaking records -- and it's not a good thing. A double-digit drop in newspaper ad revenue, the third consecutive year of declines, and record margin contraction makes this the industry's worst year ever. The newspaper industry's ad revenue is down 12 percent this year, on top of last year's already dismal 8 percent drop.

  • Walgreen Profit Up 2%, Helped By Cost Cutting Monday, 23 Jun 2008 | 1:29 PM ET
    Walgreens Store

    Walgreen posted a 2 percent increase in quarterly profit as sales were muted by a weak U.S. economy and slowing growth in prescription drug sales.

  • No Shoe Windfall for NBA Draft Picks Monday, 23 Jun 2008 | 12:01 PM ET
    NBA Draft

    It's the Monday before the NBA Draft and not one top draft pick has signed with a shoe company. It’s partly due to the fact that there’s just not one standout slam-dunk, marketable player in Derrick Rose, Michael Beasley or O.J. Mayo. But it’s also due to several other factors that can’t be ignored...

  • Live Nation's Music Strategy Too Risky? Friday, 20 Jun 2008 | 2:10 PM ET

    LiveNation, the world's largest concert promoter is facing a serious shakeup. The company is "negotiating the exit" of Michael Cohl, the company's chairman, according to the Wall Street Journal.

  • How Cheap Should A Beer Be? Friday, 20 Jun 2008 | 12:58 PM ET
    Most Expensive and Cheapest Beers

    Everyone complains about stadium prices, but I'd argue that there's one price that has to be high: Beer. For the safety of everyone involved, it's good that a beer cost a bundle--especially at a ballgame.

  • Roger Staubach

    I consider Roger Staubach to be the most successful athlete-businessman of all-time. Why? Because he built a huge business in an area outside of the traditional sports-related businesses.

  • Wal-Mart May Set Up Back-Office in India: Report Friday, 20 Jun 2008 | 3:12 AM ET

    Retail giant Wal-Mart Stores may set up a back-office center in India's technology hub of Bangalore to cater to its multiple functions across the world, the Economic Times said on Friday, citing unidentified sources.