Gap shares fell more than 5 percent Wednesday, after it said Old Navy's global president will be leaving the brand for Ralph Lauren.» Read More
Stocks fell sharply on Thursday after an unexpected spike in jobless claims and global jitters pushed the dollar higher. Alec Young, equity strategist at Standard & Poor’s, and Phil Dow, managing director at RBC Wealth Management, shared their market outlooks.
Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. The Dow ended down about 350 points and the VIX was above 34.
The latest batch of retail sales reports underscore that economic recovery doesn't happen overnight. Still, despite these disappointments, the results marked the eighth consecutive month that retailers logged same-store sales increases.
Stocks declined for a third straight session Thursday as retail sales fell short of expectations and worries about the European debt crisis nagged at the market.
Stocks remained lower in mid-afternoon Wednesday, led by energy and industrials, after the Dow briefly popped into positive territory. Markets remained skittish after Moody's put Portugal's debt rating on review.
US Senate is voting today on the first parts of the financial reform bill. Barbara Boxer from California set to add language that no taxpayer money will be used to bail out financial institutions. Looks like the $50 billion fund set for an orderly liquidation of a failed bank is dead.
Companies are still searching for a successful marketing strategy for social media. Here's what Best Buy, Hot Topic, Target and The Gap are doing.
Have we hit bottom? Probably...and we're just bouncing along for a while. Why do I say this? Because signs of the times suggest some things are improving, while others are not.
Cramer makes the call on viewers' favorite stocks.
The S&P closed higher on Thursday buoyed by much stronger than expected same store sales. Is that your signal to sell?
Mid-afternoon trading: fairly broad advance developing, with retail, transports, and banks leading the way. Weakness in semis really preventing techs from breaking out. Retail sales. The good news: you can't deny that consumer spending picked up. What do retailers do from here?
CEO Steve Jobs' personal style, however, has been the subject of much debate, praise, and consternation over the years. Same black mock turtleneck. Same blue Levi's. Why? Lore has it that Jobs decided long ago to buy several black turtlenecks and several pairs of jeans so that he wouldn't ever have to waste time figuring out what to wear.
Warm weather, an early Easter and a more confident consumer appear to have boosted retail sales in March, with many of the retailers who have reported results so far topping analysts' estimates.
In an exclusive to CNBC.com, Patty Edwards says "We’re quickly going to start coming up against tougher sales comparisons and retailers are going to have to prove that they’re doing more than just riding calendar shifts and surviving – they’re going to have to be thriving."
What should you be watching and how can you make money in this environment?
Retail sales for March: another month that may be better than expected. While everyone is fixated on the jobs report, watch out for March same store sales, due April 8. February retail sales were better than expected, despite bad weather, now the same may happen for March. Same thing: poor weather pattern in third week in the Northeast, but early reports seem to be encouraging.
As their margins begin to recover and shoppers start loosening their discretionary budgets, experts said retailers need to focus more on customer service initiatives to win consumers over.
Option volume in the Gap is unusually bullish as its shares trade just below five-year highs.
It’s certainly at the top of the list, all thanks to a fabulous CEO.
Evidently Christmas came very, very early for retailers this year – in February!