Evan Gold, Planalytics, discusses the economic impact of the blizzard in the Northeast., including the retail winners and losers.» Read More
Swedish fashion chain Hennes & Mauritz said on Monday its sales rose 14 percent in November year-on-year, lower than expected by analysts, but aided by a collection from Italian designer Roberto Cavalli.
As we enter the final stretch of 2007, the stock market may temporarily lose some of its violent mood swings and secure gains for the month and the year.
If I hear or read another headline that calls November's retail sales results "surprising," I may scream. I am also hereby banning use of the word 'cautious.' Today the Commerce Department reconfirmed what retailers told us all last week. November sales were sweeter than expected. The consumer is still buying cold weather apparel and Christmas presents.
Holiday 2007 hasn't even happened yet but buyers and retailers are beginning to stock the shelves and clothing racks for 2008. With that in mind, I put together a list of some of the biggest questions that the retail industry is mulling over right now that will affect 2008.
Consumer inflation data is big on Friday's agenda after Thursday's producer prices showed wholesale level inflation surging at the fastest rate in 34 years.
Except for car buying, the consumer didn't show signs of holding back in November even with a big pickup in energy prices that is beginning to hit at the wholesale level. That is what today's data shows with a 1.2 percent pickup in retail sales for November, double expectations, and a big 3.2 percent in jump in producer prices, the biggest increase in that number since 1973.
It's that time of year again. That time of year to tell you what's going to happen next year in the sports business.
LIBOR rates are down today, admittedly only slightly; but it's a start. Asian markets closed down about 2 percent; Europe also down about 2 percent. Retail sales and jobless claims good, but Producer Price Index indicates wholesale inflation stronger than expected.
Lehman Bros.' fourth-quarter earnings report, producer price inflation data and November retail sales will be factors setting direction for Thursday's markets.
At this time of year, it's predictions, predictions, predictions. So as part of CNBC's Outlook for '08, here are mine for the media world and all that's in it--with a personal look as well! (see number 7). Here I go!!
Spain's Inditex, the world's No. 2 clothing retailer, reported lower-than-expected nine-month sales on Wednesday, dragging its shares lower despite net profit coming in above analysts' forecasts.
Come tomorrow, we get the next salvo fired in the HD DVD vs. Blu-ray saga when Universal Studios Home Entertainment lets loose the last leg of the Jason Bourne trilogy, "The Bourne Ultimatum" on HD DVD. We'll also get the new boxed Jason Bourne Collection.
So the good news is that I'm not alone. I have only made one Christmas gift purchase so far this season. Yes, budgeting is always a big factor in when purchases are made but honestly, I can't say that I'm waiting to get a better deal. My new retail shopping theory involves a demographic argument: unless you have a kid or tons of little young nieces, nephews, cousins, godchildren, etc., shopping early isn't such a high priority.
Despite evidence that shoppers are cutting back this holiday season, retailers are expected to report strong improvement in November sales after a weak fall.
Head on over to West 14th and 9th Ave. in New York's meat-packing district, and you'll see something big and bright from the fruits and veggies set: A 3-story retail bonanza courtesy of Apple Inc. It's the company's second largest store in the nation, behind its flagship store here in nearby San Francisco.
The slightly better-than-expected increase in November non-farm jobs gave some support to stock prices, but has done little to change the debate about what the Fed will do when it meets on Tuesday. The Street has been in hot debate about whether the Fed will trim the target 4.50 percent Fed funds rate target by a quarter or a half point.
The big three automakers plan to curtail production of full-size pickups for several weeks as economic worries hit sales of their most profitable products, the Wall Street Journal reported.
Stocks closed sharply higher on hopes that a government plan to stem home foreclosures would help ease the housing slump's drag on the economy and underpin profit growth.
Shoppers in November turned out in droves for big bargains on Black Friday, helping retailers to post improved sales growth, but by the end of the month, some retailers, especially those at the mall, saw a slowdown in consumer traffic.
Are bonds about to lose their flight-to-quality premium? The Fed, the executive branch, the legislative branch, and now even the Bank of England (which cut its key rate a quarter point to 5.5 percent) are working to resolve credit problems. The 10-year is looking toppy here.