Evan Gold, Planalytics, discusses the economic impact of the blizzard in the Northeast., including the retail winners and losers.» Read More
Will this week tell us anything about the state of the consumer or retail? After all, there is some controversy about just how big Black Friday is in terms of actual dollars spent and in-store traffic levels.
It's not exactly like following the weather or sports, but the holiday shopping season still draws it share of prognostications -- whether it's sales forecasts ot what's-hot lists. Here's a need-to-know guide for cnsumers and investors alike.
Black Friday is a big day for DVD and player sales but some people may be confused. If you buy "Ratatouille" in high def, you've gotta have a Blu-ray player. If the new high def "Transformers" is your thing, that Blu-ray player on your PS3 is totally useless, you need an HD DVD player.
Gap posted a 26 percent rise in quarterly earnings Wednesday but a raised forecast failed to match some Wall Street targets, disappointing investors.
The unofficial start to the holiday shopping season is just around the corner and Dev Shapiro has left nothing to chance. The Dallas resident and veteran bargain hunter has spent the last three weeks developing a plan of attack for Black Friday sales, the day after Thanksgiving when retailers across the country slash prices on everything from flat screen TV’s to the hottest Christmas toys.
We begin today by offering you a hodgepodge of sports business commentary. We’ll start with Matt Leinart’s signature. This is the worst part of the collectibles industry right now. I pulled this out of an Upper Deck pack. I realize that penmanship isn’t everyone’s thing, but I have to think if you’re a Leinart fan, you’re disappointed with the way his John Hancock looks.
Upscale department store chain Nordstrom reported quarterly earnings that topped a lowered forecast it gave last month, sending its shares up more than 10 percent in extended trade.
Wal-Mart Stores unveiled Thanksgiving holiday sales plans, which focus heavily on using its Web site to publicize its discount prices and kick off the extended holiday shopping weekend.
Happy Anniversary to Wii: It was one year ago that the wildly popular videogame console hit the market, taking interactive play to a new level -- and giving Nintendo a huge advantage over Sony and Microsoft in the game game.
Shop carefully! It's good advice not only for the consumer, but for the investor. Piper Jaffray retail analyst Mitchell Kaiser tells CNBC that investors should be especially selective about retail stocks these days.
Finally! A positive headline about retail: "An Exceptional Black Friday Weekend for Cold Weather Items" is the title of the latest report from Weather Trends International. One thing that's working in favor of retail sales is the weather turning 40 degrees colder midweek throughout the Central U.S.
Paris Hilton's favorite color may be pink, but she's seeing green. The Starlet's newest fragrance with publicly traded Parlux Fragrance, is expected to boost her four-perfume line to nearly $100 million in annual wholesale sales. And Paris's take for licensing her famous name? 5 percent — nothing to sniff at.
In yesterday's Barry Bonds indictment, the words "flax seed" appears six times. It is, after all, flax seed oil that Bonds claims he thought he was using instead of steroids. While Bonds might have never used flax seed oil or tried eating flax seeds, many have surely become curious from its mention in Bonds related stories.
Electronics are in, women's clothes are out -- and leather handbags and jewelry are on the fence heading into next week's unofficial start to the 2007 holiday season. U.S. consumers are struggling with soaring fuel and food costs and the falling housing sector.
Biggest worry today: another fade into the close. It’s happened five of the last seven trading sessions. Elsewhere: give the Street some credit. One month ago, as the fourth quarter was starting, traders began lightening up on their positions in financials and retai
The fourth quarter is now half over, and fourth quarter earnings estimates have been coming down quickly for financials and retailers. Both Kohl's and Ann Taylor lowered their guidance. Ann Taylor noted that "Traffic trends were particularly soft in the month of October," though they improved in November
Two days after the initial scandal that caused shares to plummet, lululemon just sent out its response via press release at 9 pm ET on Thursday. According to inside sources, board members felt that lulu "should not have let this happen" (the scandal and NY Times quotes from company executives) and said that LULU will "learn from this experience."
I am sitting at a Starbucks across from Lululemon on the Upper West side of Manhattan. I find this somewhat ironic given that Lululemon has done for athleticwear what Starbucks seems to have done for coffee. No, it didn't just inflate prices and make it yuppie-wear, Lulu glamorized it.
Lululemon shareholders seemed to make lemonade yesterday after that initial sell-off. But on day two of the story, the sentiment seems to have drifted back to sour lemons. Whether it was shortcovering or new money jumping into the market, I'm not sure. Today short sellers are back betting against Lulu's company.
Here's what we're focusing on throughout the day: Oil took a dive after inventory data showed an unexpected build in supply. Oil was also moving lower earlier after OPEC cut its demand forecast for the fourth quarter Core CPI for October rose 0.2%, in line with expectations. Oil is lower this morning , following comments earlier this week from the IEA. Inventory data was due at 10:30 a.m.