H&M sales have beaten expectations and is planning on expanding internationally. Jyrki Tervonen, chief financial officer, says that focusing on the customer is essential to the functioning of their business.» Read More
Holiday shoppers are procrastinating, but retailers aren’t panicking and offering bigger discounts to lure people in.
Two weeks and counting until Christmas, and the shoppers are out in force. But so are the shoplifters, who get more sophisticated all the time. Now, they're facing a new kind of resistance. On this morning’s “Squawk Box” CNBC’s Scott Cohn went behind the scenes to see what business are doing to catch these thieves.
If you haven't finsihed your holiday shopping. Don’t worry: Gian Fulgoni is sure you’ll get to it today, Tuesday or Wednesday.
Procrastination nation." That's how Senior Economics Reporter Steve Liesman described the state of the holiday shopping, based on the latest CNBC survey.
Online sales are supposed to increase 20% this year. Winners and losers are already emerging. And it's becoming clear what's hot and what's hot. Find out from one tracking sales and another doing the selling.
The serious holiday shoppers were back in U.S. stores and malls over the weekend, buying in earnest but also making sure they came away with great bargains.
U.S. sales should be weaker than expected this holiday season due to the lack of a particular "must-have" item and a dearth of Christmas cheer to entice shoppers, a retail industry consultant said.
With an hour left in trading, the markets were up. A strong U.S. jobs report today counterbalanced less then stellar consumer sentiment. CNBC’s Mary Thompson reported from the floor of the New York Stock Exchange, saying that both Citigroup and McDonald’s were among the winners today. Mickey D’s hit a seven-year high on strong November sales.
If you can't seem to find enough sales help at the store, there may be a reason. Margaret Brennan reports on Squawk Box that retailers may wind up hiring less temporary workers this year. Target, Wal-Mart and The Limited all plan on keeping hiring at 2005 levels.
If you're out of holiday gift ideas, there's always stocks for that hard-to-shop-for person. "Squawk On The Street" unveiled its Four For The Holidays feature today.
What do homebuilding, footwear and computer hardware stocks have in common? They're all good value plays, says Craig Callahan, president of ICON Advisors. He was on “Squawk on the Street” to talk with Mark Haines and Erin Burnett about his picks. ICON predicts steady growth for some companies in these areas.
Freeman tells CNBC's Carl Quintanilla why consumer confidence will soften and housing inventories will improve in 2007 in an interview only on cnbc.com’s home page.
Investors will get a first look at whether early strong holiday sales for electronics are translating into higher profits when Best Buy reports its quarterly results next week.
Eighteen days to go and with the temperatures swinging like a pendulum, CNBC’s Margaret Brennan looked at how holiday shopping trends are ebbing and flowing.
The stock of the nation's largest traditional grocery chain hit its highest level since January, 2001 as the company reported earnings above Wall Street's expectations.
Woolworths Group, a British retailer of goods ranging from food to DVDs, said Tuesday it may not meet analysts' forecasts after sales fell in October and November.
The weather outside is frightful, but the sales are so delightful at Victoria’s Secret Stores. Sharen Turney, the CEO of Victoria’s Secret, was joined by sultry supermodels Adriana Lima and Selita Ebanks on the NYSE floor, where they gave CNBC’s Bob Pisani the inside scoop on the company’s success.
Retail sales in the U.S. rose a paltry 2.1% in November. Now the race is on to capture valuable holiday shopper dollars before the end of the season. But are the discounts being offered to lure customers into stores shaving too much off the retail industry’s profit margins? Marshall Cohen – chief retail analyst at NPD Group – seems to thinks so.
Walgreen posted a greater-than-expected 9.3% rise in sales at stores open at least a year in November, sending its shares up more than 3%.
After being out of vogue for years, department stores are making a big comeback this holiday season.