Black Friday retail sales may have been more sizzle than steak. Traffic was up, but spending was down.» Read More
NEW YORK, Dec 2- U.S. online sales are expected to hit $2 billion on "Cyber Monday," for the first time since the data firm comScore began tracking such information.
To compete with each other and powerhouse Amazon.com Inc, many U.S. retailers began offering some of the season's best online deals, which were traditionally reserved for the Monday after Thanksgiving, several days ago.
HONG KONG/ MADRID, Dec 2- Esprit Holdings' chief is doubling down on a bet to fix the struggling clothing retailer he took charge of a year ago by revamping its existing business model and recreating it in the image of his former employer-now-rival, Zara.
Think of Black Friday doorbusters as a starting point. Here's how you can save even more.
NEW YORK, Nov 26- ComScore Inc, an analytics firm whose data is closely watched by Wall Street, on Tuesday predicted U.S. e-commerce sales will grow 16 percent to $55.2 billion this holiday season.
Betty Chen, Mizuho Securities, thinks Gap is well positioned. Steph Wissink, Piper Jaffray, debates the trade.
U.S. stock index futures signaled a higher open on Wall Street on Friday.
Some of the names on the move ahead of the open.
Companies are making headlines after the bell Thursday:
Retailers from Macy's Inc to Wal-Mart Stores Inc are responding with massive discounts, which are likely to hurt margins. The San Francisco- based company, known for its namesake, Old Navy and Banana Republic brands, reaffirmed its profit forecast of $2.57 to $2.65 per share for the year ending in February.
Gap Inc on Thursday reported a higher third-quarter profit, helped by modest sales gains, but stuck to its earlier profit forecast for the year.
Retailers are pushing black Friday sales earlier this year, letting consumers walk away with doorbuster deals up to a week before the holiday.
The Federal Reserve looks set to move sooner rather than later to taper back its bond buying, once more surprising markets that have been repeatedly confused.
Retail analysts are wondering how much J.C. Penney's drastic price cuts could dent other stores' sales this holiday season.
With consumers expected to do more of their holiday shopping online than ever, Amazon stands to benefit, but can the online giant keep this advantage forever?
Tensions broke on Monday between an American and European group of retailers that formed to improve factory safety in Bangladesh. The NYT reports.
Many factors could affect whether shoppers open their wallets this holiday season. But one thing is clear: The pressure is on.
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Gap’s high-end activewear brand Athleta could emerge as the biggest winner from Lululemon’s quality control questions.
Nov 13- Sales at Macy's Inc rebounded in the latest quarter, joining signs at other retailers that consumers will spend this holiday season if the price is right. Last week, Gap Inc, Victoria's Secret parent L Brands Inc and J.C. Penney Co Inc reported much stronger sales for October than they had for September and August.