The “Mad Money” host weighs in on a popular apparel maker.
Long-term Gap shareholders will need to be a little more patient. The nation's largest apparel retailer told investors gathered at the Piper Jaffray Consumer Conference in New York Wednesday that some of the actions it plans to take to turn around its business will be apparent by this Christmas holiday season, but most won't come until next year.
Even though most consumers are just starting to work on their summer tan, retailers are already plotting how they will convince you come Black Friday that you can’t live without that must-have sweater, over-priced pair of boots or flat screen TV. With rising input costs, food inflation and continued heavy prices at the pump my prediction is The Grinch and Heat Miser will wipe the floor with the Snow Miser.
Plus, the "Mad Money" host reveals his "Game Plan" for the days to come.
Asos, the British fast fashion website which promises cheap versions of celebrities’ outfits within days of them appearing on the red carpet, reported record annual sales Thursday, helped by sales from its recently-launched partner websites in the United States, France and Germany.