As discounting shows little sign of abating, it's the stores with on-trend merchandise that will emerge as the season's winners.» Read More
Companies making headlines after the bell Thursday:
The gifts are all unwrapped. Returns and exchanges have been made. Now it's time to see what really happened during the holiday shopping season.
Wall Street analysts are adjusting their 2014 forecasts for retail, and although they're generally cautious, they do see some positive signs.
A number of specialty stores have pumped the brakes on their dramatic discounts, but department stores are still offering big price cuts.
Bricks-and-mortar stores lose out as e-commerce grows, but most retailers have now supplemented their shops with online businesses, the FT reports.
WEST NYACK, NEW YORK, Dec 24- Retailers are trying new ways to win over Christmas procrastinators. "There is not a whole lot you can do at the 11th hour, but this is one of the few levers you can pull," said Sucharita Mulpuru, an e-commerce analyst at Forrester Research, about what the industry calls "omni-channel" shopping.
The "Fast Money" traders share their final trades of the day.
ELMHURST, N.Y., Dec 23- U.S. consumers shopped less on the final weekend before Christmas despite deeper discounts, the latest sign of how difficult a season this is turning out to be for retailers. "We expect the next two weeks to pick up a lot of the slack," Topeka Capital Markets analyst Dorothy Lakner wrote in a note.
The increase in and volume that comes with quadruple witching on Friday will come with the S&P 500's quarterly rebalancing.
It is the latest move in a competitive environment that has had retailers trying to out-promote one another since Thanksgiving.
After an earlier controversy, poor sales and stock performance, the once-trendy retailer is offering larger sizes as part of a turnaround effort.
Dec 11- Standard& Poor's on Wednesday said Facebook Inc will join its S&P 500 stock index after the close of trading on Dec. 20, cementing the social media network's rise into one of the biggest, most powerful U.S. companies. Facebook shares rose 4.3 percent to $51.51 following S&P's announcement after regular market hours.
Up 97% year to date, this clothing maker may be the secret behind a well-dressed portfolio.
Abercrombie & Fitch said it will extend CEO Mike Jeffries' contract, but some say he looks like a shoo-in to win as this year’s worst CEO.
NEW YORK, Dec 9- U.S. stocks advanced modestly on Monday after positive Chinese trade and inflation data, while remarks by top Federal Reserve officials about the outlook for slowing the Fed's stimulus had little impact on the market.
Struggling retailer Abercrombie & Fitch said it will extend CEO Mike Jeffries' contract, days after a shareholder urged the company to replace him.
Jeffrey Lacker, the president of the Federal Reserve Bank of Richmond, will speak at an economic outlook conference in Charlotte, North Carolina, at 12:30 p.m.. St. Louis Fed Bank President James Bullard will also speak on the economy in St. Louis in the afternoon, and Dallas Fed Bank President Richard Fisher will speak in Chicago in the evening.
Dec 9- Struggling teen apparel retailer Abercrombie& Fitch Co said it will extend Chief Executive Mike Jeffries' contract by at least a year after it expires in February, days after a shareholder urged the company to replace him.
some of Monday midday movers:
Dec 9- Struggling teen apparel retailer Abercrombie& Fitch Co said it will extend Chief Executive Mike Jeffries contract by a year, days after a shareholder urged the company to replace him. Abercrombie said Leslee Herro will retire from her position as executive vice president of merchandise planning and inventory management in the spring of 2014..