CNBC's Mandy Drury looks back at the week's top business and financial stories. The Lumber Liquidator CEO resigns. LA agrees to raise its minimum wage, and egg prices have nearly tripled because of the bird flu.» Read More
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.
If you ever find yourself concerned about which investment advice to follow, or wish you could tap the collective wisdom of lots of smart investors, well, now you can. Michael Reich, CEO of UpDown.com explains.
LeBron James' stint with Coca-Cola can best be described as moderately interesting. Five and half years ago, the brand signed the high school phenom and number one draft pick to a six-year deal and assigned him to its Sprite and Powerade brands
German retail sales fell unexpectedly by 1.6 percent month-on-month in real terms in February, the largest fall in nine months, as inflationary pressures in the food sector discouraged spending.
American Apparel's t-shirts and clothing better continue selling like hotcakes... because the legal bills at this retailer/manufacturer must be astronomical. Now, filmmaker and iconic NY curmudgeon Woody Allen has filed a $10 million lawsuit against American Apparel...
Starting up a clothing business during an economic downturn is a challenge. These days having experienced navigating the tumultuous foreign exchange, commodity markets and consumer spending obstacles is probably of more use than years spent in fashion design school!
Inditex, Europe's biggest clothing retailer and owner of the Zara chain, reported a 25 percent jump in 2007 net profit on Monday and gave healthy sales figures for the new year so far.
Over the last year, J. C. Penney rolled out a powerful new marketing campaign, but consumers are not biting. Friday, J. C. Penney sharply cut its earnings forecast for the first three months of the year, blaming the tough economy.
So plenty of debate on the retailers as JC Penney lowers estimates. The crux of the debate is, is this the worst for the year? Lehman Brothers thinks so, in a note to clients a short while ago they said, "we are optimistic that 1Q08 represents the low point of the year as we expect inventory levels to improve throughout 2008."
J.C. Penney lowered its first-quarter earnings forecast, saying sales through the Easter holiday were "well below expectations."
Dump the bad and replace it with the good -- it's how the pros do it. Here's how to get started.
Swedish fashion company Hennes & Mauritz bucked a gloomy economic backdrop and boosted its shares with a near 20 percent jump in first-quarter profit, above forecasts and fired by strong February sales.
Kansas State head basketball coach Frank Martin says he's pretty sure his freshman Michael Beasley is turning pro, speculating that he's worth about $100 million in salary and endorsement money.
Motorola announced today it's planning on splitting up into two publicly traded companies: spinning off its money-losing mobile device business from its growing broadband and mobility solutions business. CEO Greg Brown said on a conference call this morning that having two independently traded companies would unlock value for shareholders
Well, you knew it would happen--"sell the rally," except this time it's come a few days after the rally. The dollar is getting hit again as the ECB has make it clear they are unlikely to lower interest rates.
British supermarket retailer J. Sainsbury reported a 4.1 percent rise in like-for-like sales excluding fuel in the fourth quarter, above expectations, and said it saw "strong growth" in sales of non-food items.
So the NBA has given us the mother of all jersey sales lists. In honor of them celebrating the upcoming 10-year anniversary of their store in New York City, they have released their top 10 best selling jerseys.
Upmarket Australian department store chain David Jones said first-half underlying profit jumped 25 percent, helped by buoyant Christmas sales, and maintained its forecast for the rest of the year.
I was traveling in LA back on St. Patrick's Day and didn't get a chance to blog about American Apparel's Q4 earnings when they were reported on March 17th. As we mentioned on this blog, same store sales were expected to be up an impressive amount and they certainly were: + 40 percent.