Retail sales increased less than expected in June, but apparel retailers are doing well and should see more strength this year, experts say.» Read More
Balmy temperatures meant a few more weeks of summer, but the warm weather likely put a chill on retail sales.
Picture this: panicked banker/trader walks out of the New York Stock Exchange and realizes (gasp!) "Oh ****, it is Valentine's Day/our anniversary/her birthday?!" Where does he head? He follows the big orange sign across the Street to Hermes or down the Street to the Tiffany's that is about to open on the 10th. Who else is there?
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
A surprise drop in U.S. jobs could scare consumers into shutting their wallets during the key holiday shopping season.
The market’s rebound from its worst decline in four years picked up steam Wednesday. The Dow jumped 145 points on the hopes The Fed has restored order to the credit market and dealmaking can continue unbridled. Can it?
Abercrombie & Fitch reported quarterly earnings on Wednesday just above analysts' expectations but issued 2007 earnings guidance below Wall Street's consensus forecast.
In my earlier post, I told you about the debate taking place on today's "Street Signs" about whether private equity deals in the retail industry are over. Here's the video of the discussion I had with retail analyst Lizz Dunn from Thomas Weisel Partners and Manny Weintraub, Integre Advisors president.
Retailers, including industry leader Wal-Mart Stores , reported June sales that topped Wall Street's lowered expectations on Thursday, raising hope for the back-to-school shopping season.
The Dow and S&P catapulted to new highs following strong retail sales data and a major corporate acquisition. "We started out with better than expected retail numbers and it just went from there," said John Massey, portfolio manager with AIG SunAmerica. "M&A deals came through better than expected and people put a lot of the concerns behind them."
It's spring cleaning in the summertime for retailers right now and profit taking time for investors in retail stocks (it would seem.) From what I'm hearing, the disappointing sales we saw today from Children's Place may be setting the tone when it comes to retail sales results. Same store sales declined 4% in June coming in below expectations. CEO Ezrah Dabah cited continued declines in mall traffic--NOT the weather, NOT high gas prices, NOT inventory management issues--for causing sales to fall off at the start of the summer.
It is almost summer but you wouldn't know it by the weather. Next week, the season officially kicks off and the week is expected to be the second coldest, and driest first week of summer in 15 years! Right now the one refrain apparel/retailer CEOs seem to universally repeat is the importance of clearing out inventory over the next few months as stores get ready to restock shelves with back to school items.
Two retail analysts, Kimberly Greenberger from Citigroup and Christine Chen from Needham, discussed the outlook for retail stocks on “Power Lunch.”
Americans shopped hesitantly during May, giving retailers modest relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead.
Apparel retailer Abercrombie & Fitch said its quarterly profit rose due to higher sales at its namesake, Hollister and Ruehl chains.
Billionaire investor George Soros reported Tuesday that he had more than doubled his stake in Microsoft Corp.'s common stock to 415,497 shares as of March 31 from a previously disclosed stake of 198,075 shares.
Limited Brands halted trading in its stock this afternoon, and Morgan Stanley initiated coverage on a few agricultural product companies. Cramer explains what it all means.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Easter came a week earlier this year, so in March, consumers bought more vintage tees from Abercrombie (ANF) and more gas grills from Costco (COST) than they normally do.
Stocks closed mostly lower, dragged down by higher energy prices and defiance from Iran. Technology rallied on strength in computer chips, giving the Nasdaq a boost. "Investors are somewhat cautious at these market levels," Michael Sheldon, Chief Market Strategist at Spencer Clarke, told CNBC.com.
Abercrombie & Fitch said on Wednesday that fourth quarter net income rose by 20%, matching Wall Street estimates, helped by strong sales in its surf-inspired Hollister chain.