With the sales tax hike jacking up the cost of spending, Japanese are consuming less, says Robert Medd, partner at GMT Research. He also discusses the possibility of a wage hike in March.» Read More
A retailers ability to attract youth and wealth can make their stock all the more attractive to investors according to Christine Chen, vice president of equity research for specialty retailing at Needham and Company.
Retailers are hoping last week's strong start to the holiday shopping season at malls and stores translates into a busy buying season online, which officially begins Monday. A number of retailers are hosting one-day sales or special offers for the occasion. Internet research firm comScore estimated online sales may exceed $700 million.
While the origins of the Christmas carol "The Twelve Days of Christmas" may be a mystery, one thing is certain: It's getting more costly to buy your true love all the items mentioned.
Both the "can't miss" betting favorites went down this weekend. First, Kansas -- which closed as a one-point favorite against Missouri -- lost by eight points. Up until Saturday night's loss, Kansas had covered 10 straight games (their Sept. 8 game against SE Louisiana did not have a spread). According to R.J. Bell of Pregame.com, the odds of a team doing that were 1,024-to-1.
Shoppers jammed stores before dawn Friday to grab discounted TVs, toys and clothing for the official start of the holiday season, expected to be the weakest retail showing in five years.
The U.S. holiday shopping season kicked off Thursday even before the turkey was carved, as retailers, worried that gift buying may slow this year, posted special deals on their Web sites on Thanksgiving day.
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.