Retailers have been trying to get a fresh read on the consumer and can't afford to sit back and wait for consumers to get out of their funk.» Read More
Swedish clothing giant Hennes & Mauritz posted fourth-quarter pretax profit short of analysts' expectations on Thursday and said its December sales in stores open more than a year fell 1 percent.
Robust European sales and a stronger euro helped Esprit Holdings slightly beat expectations with a 37 percent rise in first-half earnings, but the world's No. 5 fashion chain faces a potential hit to global consumer spending this year.
Talk about a mixed picture from online retailer Amazon.com. On its surface, Amazon tells a major success story, especially in the face of an economic slowdown and worries of recession. The company meets the Street with 48 cents a share, but blows past revenue
Wal-Mart Stores said it is cutting prices on "thousands" of items by 10 percent to 30 percent this week to win sales in a difficult economic environment.
What can Doritos do to save the economy? Cheesy nachos, 600 LCD TVs and $99 workout systems are all part of Wal-Mart's economic stimulus plan unveiled today to coincide with President Bush's push of his own tax rebate and economic stimulus package.
Japan's jobless rate was flat in December but the ratio of jobs to applicants hit a two-year low, suggesting that rising raw material costs and growing pessimism on the economy are making firms reluctant to boost hiring.
If you're an entertainment buff, you can't miss the significant presence of Scientology. Over the past few weeks, dozens of people have e-mailed me links to Tom Cruise's Scientology rant -- more accurately, it's his acceptance of a Scientology award -- and it's so bizarre...
Wall Street is shopping for retail bargains. Even before consumers rang up the weakest Christmas in five years, retail shares were beaten down and plagued by worries of just how slow the American consumer will become in 2008.
Say you're the National Lacrosse League, you get 8,000 fans a night and you're looking for more people to sample your product. You can't just tell people it's free: The way society works, no one will want to go. So they have a plan...
Dutch supermarket group Ahold posted a forecast-beating rise in fourth-quarter sales on Friday, helped by favorable markets in Europe which offset tougher economic conditions in the United States.
So yesterday, I get a link from a reader that points me to a YouTube rant from a Lakers fan, who thinks the NBA and adidas are being disingenuous in advertising that they sell authentic, pro-cut jerseys. The fan makes a lot of good points. The most important one: the authentic jerseys they sell online sure don't look like the real ones. It's actually really entertaining.
Thanks so much for all of the readers who took the time to send emails during what has been a busy (and tumultuous) past week and a half. Retail seems to be one of the few bright spots this week in the middle of a tough market.
Starbucks Corp is testing $1 coffees and free refills, The Wall Street Journal reported on Wednesday, as the global coffee chain faces increasing competition from fast-food rivals.
This morning GM released its global sales for last year, and guess what, the company is still #1 in the world. But it is now in a virtual tie with Toyota for the top spot. Officially, GM sold 9.369 million vehicles worldwide.
Richemont, the world's second-largest luxury goods group, narrowly missed forecasts on Wednesday with an 8 percent rise in third-quarter sales, and said demand "slowed somewhat" in Japan and the United States in December.
But not just any stock will do. Here’s a name that should perform no matter which way the market goes.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Cramer's playbook for this market.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The consumer, spending and just where this market is headed right now are the main focus of everyone on the street. I'm down at the COMEX today watching how metals trade in reaction to the selloff we saw overnight in Asia.
Britain's fourth largest grocer William Morrison Supermarkets on Tuesday attributed strong festive sales to increased advertising, price cuts and a wider offering of fresh foods.
Target said its January sales are coming in at the low end of the range it had expected earlier this month.