#TheDress, or a poorly lit photograph of a garment valued at $77.13, has sent social media into a tizzy.» Read More
"Squawk Box" kicked off a new series this morning--Fire and Ice--a look at how the unusually warm weather is helping and hurting areas of the U.S. economy. The focus today is on retail. When the weather's too warm--many people don't shop for cold weather items--as some holiday season retailers found out last month. December in the U.S. was one of the warmest on record.
Homeware retailer Dunelm Group said on Tuesday like-for-like sales had risen 5% in the first-half following a strong performance, with trading in line with its expectations.
Marks and Spencer reported its sixth consecutive quarter of underlying sales growth, in line with analysts' expectations and underlining a recovery at the iconic British retailer.
Gap has hired Goldman Sachs to help it explore strategic alternatives that could include the sale of the company, people familiar with the situation have told CNBC's David Faber.
CNBC’s David Faber reported this afternoon that Gap Inc. has hired Goldman Sachs to help it find some strategic business alternatives. There’s speculation that a sale is possible. Whether that means company's founding family-- the Fishers--will take the retail giant private or a private equity will buy it out remains to be seen.
Sure, there's plenty of sexy, pocket-size gadgets at the CES, but there's a world of wonder for couch potatoes in the form of HDTV. And for those of you thinking big, here's what you need to know about the new generation of boob tubes.
The nation's two biggest consumer electronics retailers, Best Buy and Circuit City, reported strong December sales on Friday, a bright spot in a month that was weak for many other retailers.
Retailers reported mixed sales for December, as unusually warm weather hurt sales of winter apparel but stores with high-end or big-ticket items lured shoppers at the end of the month.
Milli Vanilli might “Blame It On The Rain” but retailers are singing "Blame It On the Sunshine!" Warm weather in the Northeast is being cited as the cause of lackluster December sales. CNBC’s Margaret Brennan sifted through the numbers with Liz Claman on today’s “Morning Call.”
Stocks look set to open lower as concerns about the direction of interest rates hangs over the market. Yesterday's turbulent move in stock indexes came on a wave of record trading volume. Some traders are telling us the high level of intraday volatility will be a theme for 2007 after a period of relative calm.
British upmarket department store chain House of Fraser said on Thursday like-for-like sales rose 7.3% in the four weeks to Dec. 30, boosted by record trading in the week before Christmas. "The company is also pleased to report a strong operating performance through the period, with margins being in line with expectations," House of Fraser, which was acquired by Icelandic investor Baugur last year, said in a statement.
British clothing retailer Next expects annual profits to be slightly ahead of analysts' current consensus forecast, with tight cost controls and strong online sales helping to offset tough trading at its shops.
The Goth-inspired retailer slashed its earnings outlook due to disappointing sales during the holiday shopping season. Shares of Hot Topic fell more than 10% in after-hours trading on Wednesday.
Stock markets around the world opened the New Year on a note of optimism. European shares are close to six year highs this morning, and Hong Kong closed just under its all time high. U.S. stock exchanges are closed in honor of the national day of mourning for President Gerald Ford. Services for Ford are held this morning. Our Hampton Pearson will be there, and John Harwood will discuss President Ford's legacy.
Wal-Mart Stores estimated that December sales rose 1.6% at its U.S. stores open at least a year, beating its forecast, in the heaviest shopping period of the year.
Which retail stocks should investors keep an eye out for in ’07? Robert Buchanan, retail analyst for A.G. Edwards, and Dana Telsey, retail analyst and chief research officer for Telsey Advisory Group, were on “Morning Call” to give their picks. Buchanan has a buy on J. C. Penney . He says a slowing has already occurred and the company is poised for growth in the new year. Buchanan especially likes the management at Penney.
For some, stocks are the be-all and end-all of investing. For others it's gold. We'll have a lively debate on the issue during "Squawk Box" tomorrow with Greg McCoach -- he's president of The Mining Speculator (guess which side he's on) -- and Jeffrey Christian of the CPM Group. Other scheduled topics and guests include a look at HMOs on "Morning Call." Will they grow in 2007 or not? We'll have analysts give them a checkup.
Swarms of online shoppers armed with new iPods and iTunes gift cards apparently overwhelmed Apple's iTunes music store over the holiday, prompting error messages and slowdowns of 20 minutes or more for downloads of a single song.
Wayne Best tells CNBC's Michelle Caruso-Cabrera that card redemptions by "the cautious consumer" will boost sales volume in the week following Christmas.
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