Marissa Webb will become the Gap-owned brand's creative director and executive vice president of design, effective April 28.» Read More
Following are the week’s biggest winners and losers. Find out why shares of Amazon and Apple popped while Union Pacific and U.S. Steel dropped.
Medal Round - Day 3: Despite a down day, the US continues to outperform while India's Sensex has fallen to last place.
It's not quite the Olympics, but retail earnings this week could also be pretty exciting. Here's why...
The Dow made gains on Monday with investors believing the current down trend in oil improves prospects for consumer and business spending.
Early July sales results from retailers have been disappointing, with many falling short of analyst estimates. It also appears that the benefit from tax rebate checks is beginning to wane.
Futures are down nearly 10 points, not surprising given AIG, a strange but generally disappointing retail sales report, and jobless claims higher than expected.
Investors will get a glimpse of how much cash-strapped consumers are willing to spend in the key back-to-school shopping season when major U.S. retail chains release July sales results Thursday.
The most troubling aspect of the business is that they don’t own the intellectual property of many of the brands they made their name on and have lost some of the licensing contracts that once generated so much business for them.
U.S. apparel chain Steve & Barry's Chapter 11 bankruptcy filing last week is likely to lead to its liquidation, The Wall Street Journal said on Monday citing people involved in the case.
Shoppers, enticed by heavy discounts and armed with rebate checks, spent freely in June...
Retailers, including Wal-Mart Stores, are posting solid same-store sales growth in June, as expected, as seasonal weather and tax rebate checks helped get consumers to the store.
Two pieces of positive news this morning: 1) Wal-Mart sales better than expected and raising guidance, and 2) Dow Chemicalspacer buying Rohm and Haas. Jobless claims lower than expected is also a help.
U.S. retailers, led by the discounters, are expected to post slightly better June same- store sales this week, thanks to seasonal weather and rebate checks that have made their way to cash registers, mostly for basic items such as gasoline and food.
U.S. store closings and cutbacks turned the second quarter into the worst for strip mall owners in 30 years, as budget-conscious consumers flocked to low-cost warehouse-style grocery centers.
Stocks tumbled Wednesday as oil's resurgence lit the fuse of inflation fears, pushing the Dow to a three-month low. Oil jumped about $5 a barrel, settling at $136.38. Financials were the hardest hit.
Stocks fell sharply as oil's resurgence fanned inflation fears and a downgrade on Alcoa dragged on the Dow. Oil jumped about $6.
The consumer across the world is under considerable pressure. Record oil prices, the credit crunch and inflationary pressures all appear to be taking their toll on people’s willingness to spend. We got some better data from the UK on Tuesday, but the trend across Europe has been weak since the turn of the year, and many of the big players are beginning to become very worried.
Consumers stepped up their shopping in May after the tax rebate checks hit bank accounts, giving many of the nation's retailers a boost and helping them to top analyst estimates.
Stocks could close out the month of May with a tailwind, particularly if the commodities sell off continues.
Oil's relentless ascent finally pushed stocks over the edge, abruptly snapping the market's two-month rally. The Dow dropped 3.9% for the week, dragged down by GM's 15% decline. Crude jumped $6 this week, settling at $132.19 a barrel. All U.S. financial markets are closed Monday.