As shoppers continue to shift their spending to the Web, traditional retailers are missing out on the impulse buy.» Read More
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..
*Sees current-quarter profit $0.26 to $0.30 vs est $0.39. Dec 6- Teen apparel retailer American Eagle Outfitters Inc joined other U.S. retailers in forecasting a weaker-than-expected profit in the current quarter due to intense discounting in the holidays.
Kohl's announced on Thursday that it will extend its holiday hours to 24 hours in the days leading up to Christmas.
Sales in Europe, the company's second-largest market, fell about 1 percent in the quarter ended Nov. 2. With a shorter U.S. shopping season than a year earlier, many retailers like Abercrombie& Fitch Co and Aeropostale Inc have been wooing customers with heavy promotions.
Tuesday's midday movers:
The rally is still in an uptrend, but it's looking tired. Then again, it's been looking tired for more than a week.
Some of the names on the move ahead of the open.
A look at the early winners and losers from the heavily discounted Thanksgiving Day and Black Friday weekend.