Last year Chinese consumers bought $9 billion of luxury items, the 2nd highest in the world. Overall, retail sales there soared 18 percent and firms like Apple and YUM generated billions in revenue. Nike earned around $800 million in profits there in 2010 on nearly $2 billion in revenue.
Last week it was Wal-Mart with a dividend increase ... who’s next?
Following are moves you might have missed. Find out why shares of Valero and Coventry Health popped while Gap dropped.
Most retailers continue to omit online sales from their monthly same-store sales reports. However, several retailers have begun to include them. This move says a lot about the retail industry as well as about the maturity of the online business.
Here's why you should keep a close eye on these six stocks.
Despite storms and rising gasoline prices, many retailers reportedly monthly sales managed to top analysts' estimates, but some warned of a weaker March due the timing of the Easter holiday.
Stocks broke three consecutive sessions of losses to end higher amid light volume, led by financial and tech stocks, and as oil prices stabilized. Intel rose, while Microsoft fell.
Stocks broke three consecutive sessions of losses to climb higher, led by the technology and financial stocks, as oil prices stabilized at lower levels. Boeing fell, while Wal-Mart rose.
Expect to see billowy silhouettes, ethnic prints, '40s and '70s looks, longer hemlines and utilitarian-style outerwear when you shop for clothes this fall. That was the word from merchants ranging from mid-range department store Macy’s to tony Saks Fifth Avenue and online marketplace eBay, summing up the key themes that emerged during Fashion Week earlier this month.
Stocks came off the highs of the session but still rose after a mixed batch of economic news, but as oil prices stabilized at lower levels. Intel gained, while Wal-Mart stumbled.
Stocks opened higher Friday, even after the second estimate for Q4 GDP, at 2.8 percent, came in well below expectations of 3.3 percent; the prior estimate was 3.2 percent. The recovery is clearly going to be slower than hoped, and joblessness is going to remain higher longer.
What follows is a roundup of corporate earnings reports for Thursday, Feb. 24.
Stocks ended mixed as the Dow and the S&P 500 posted moderate losses, falling for a third straight session, while tech stocks lifted the Nasdaq, as investors kept their attention on the events unfolding in the Middle East. HP fell, while GE rose.
Stocks fluctuated in the final hour of the session, adding back losses even as oil prices continued to fall amid rumors involving Libyan leader Muammar Gaddafi. HP fell, while GE rose.
Now that the much-anticipated pullback has arrived, traders are debating how low the skittish stock market can go. But one thing's for sure: It'll have a lot to do with oil.
While many analysts expect holiday sales numbers to be strong, Wall Street is expecting earnings conference calls next week to serve more as inflation strategy sessions than as quarterly reviews.
Thirteen retailers will give quarterly results next week, but which retail name has pricing power? The "Fast Money" traders discuss.
Plus, Cramer's take on his favorite bull markets NOW.
Stocks ended higher, once again hitting multi-year highs as the S&P finished at double its lowest level during the financial crisis. JPMorgan and HP rose, while Verizon fell.
Stocks continued to rise on strong earnings and economic news after the Federal Reserve reported its policy setting committee disagreed over whether the stimulus should continue, but felt making changes in the program would be inappropriate. JPMorgan and HP rose, while Verizon fell.