Analysts said Best Buy's dip to $26 represents a buying opportunity for investors, as its long-term recovery remains in tact.» Read More
Retail shoppers are polarizing, gravitating to discounters and luxury stores. Traditional middle-class outlets like department stores could lose out.
U.S. stocks tallied modest declines on Tuesday as investors wait to hear from the Federal Reserve in weighing central-bank monetary moves ahead.
Some of Tuesday's midday movers:
Best Buy is losing share to Amazon, and it won't capture it back, explains Michael Pachter, Wedbush Securities.
U.S. stock index futures turned lower as Asian and European stocks mirrored the U.S.'s losses from the previous session.
Some of the names on the move ahead of the open.
Best Buy warned of an increasingly promotional holiday environment and promised to be competitive on price, raising concerns about margins.
Many factors could affect whether shoppers open their wallets this holiday season. But one thing is clear: The pressure is on.
Some traders are convinced the stock market is poised to move higher into the year end, and the week ahead may provide more proof of that.
What's the game plan? Watch these earnings! They should reveal volumes about the health of the economy.
Passengers are spending more at airports, due in part to unique offerings. In 2012 travelers spent $630 million on retail items in U.S. terminals.
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As the Black Friday creep continues, Sears and Kmart announced Wednesday that they will kick off their deals one week early.
Despite backlash, retailers such as Wal-Mart have been quick to offer associates pay benefits and other perks for giving up part of their Thanksgiving to work.
With the high profile launch of two gaming systems and a slew of new games, the video game industry is hoping Santa brings it a turnaround this year.
Wal-Mart announced that it will begin its in-store Black Friday sales at 6 p.m. on Thanksgiving Day, two hours earlier than last year.
U.S. stocks climbed on Monday, with the Dow Jones Industrial Average extending its record rise, as Wall Street looked to earnings reports this week from retailers including Wal-Mart Stores and Macy's to get a read on consumer spending.
Along with Best Buy, JCP, Macy's and Kohl's, Target is the latest retailer to open earlier at 8 p.m. on Thanksgiving this year.
Best Buy is having a record year up nearly 270%. Michael Lasser, UBS, upgrades the stock siting there is a tremendous amount of upside due to lack of competition and gaming.
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