Taper talk sets in as traders question whether the Federal Reserve will slow down its stimulus program in December.» Read More
NEW YORK, Oct 10- U.S. shoppers remained cautious in September, gravitating toward bargains as their confidence took a hit from political strife in Washington and slow job growth, just weeks ahead of the start of the holiday season. L Brands Inc said on Thursday sales at stores open at least a year grew 1 percent, missing Wall Street estimates of a 2 percent gain.
NEW YORK, Oct 10- U.S. shoppers continued to show caution in their spending in September, gravitating toward bargains, as political strife in Washington and slow job growth hurt their confidence with the start of the holiday season just weeks away.
NEW YORK, Sept 5- Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to attract back-to-school shoppers. Most, including Costco Wholesale Corp and Buckle Inc, beat expectations for the month, but L Brands Inc, parent of the Victoria's Secret lingerie chain, missed them.
Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to woo back-to-school shoppers.
NEW YORK, Sept 5- Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to woo back-to-school shoppers. The level of discounting "was certainly higher than last year," said Ken Perkins, president of consulting firm Retail Metrics. "
Check out companies making headlines before the bell Thursday:
Unintended consequences are in part to blame for volatile markets. To paraphrase Donald Rumsfeld, it's not the known unknowns that worry traders, it's the unknown unknowns.
You can't even blame the grim U.S. durable goods number on a statistical fluke. This was the most high profile data point this week, and greatly complicates the taper talk.
Global manufacturing indexes are up, yet retail results are wetting the bed...again.
U.S. stock index futures signaled a slightly higher open on Thursday, as traders digested the latest weekly jobless claims data and some upbeat manufacturing data out of China and the euro zone.
With Saks the latest retailer to disappoint with weaker-than-expected earnings, investors are worried about how the retail sector will fare heading into a heavy week of earnings.
Data from Europe and China are looking up. These figures support the thesis that the U.S. recovery is a help to China, and is even trickling down to Europe.
A group of large US retailers reported higher sales for July, but had to resort to bargains to lure shoppers who are still careful in their spending while the job market recovers.
Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
*June same-store sales up 4.2 percent before Gap- Thomson Reuters. *Costco same-store sales up 6 percent, top Wall Street forecast. *L Brands same-store sales miss expectations, but margins strong.
*Costco same-store sales up 6 percent, top Wall Street forecast. July 11- Sales at U.S. retailers, including Costco Wholesale Corp and the company that runs Victoria's Secret, suggest that overall U.S. consumer spending is improving while discretionary spending may remain under pressure.
Major retail chains reported sales increases for May that were generally in line with Wall Street's expectations, suggesting consumer spending continues to improve moderately.
Stocks closed lower Thursday, after the Dow and S&P 500 briefly touched fresh all-time highs. Meanwhile, the U.S. dollar rose above the key threshold of 100 yen for the first time since April 2009.
A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
Retailers broadly missed analysts' estimates for same-store sales in March, a month that typically sees cold weather and slow hiring in the early weeks.