Stocks fell on Friday, with the S&P 500 retreating from its record, after the February jobs report exceeded expectations.» Read More
A strong brand may be the most valuable thing in retail these days. Maintaining the credibility of that name in a market saturated with brands is what separates the flash in the pan from the successful. From Liz Claiborne's 50% stake in Narciso Rodriquez to the slew of private equity firms snapping up designer names (Permira's stake in Valentino, HILCO's purchase of Halston), merchants are fighting for fresh star brands as they spend the cash on their books these days.
Two retail analysts, Kimberly Greenberger from Citigroup and Christine Chen from Needham, discussed the outlook for retail stocks on “Power Lunch.”
Americans shopped hesitantly during May, giving retailers modest relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead.
It was five years ago this month that The Gap (GPS) dumped CEO Mickey Drexler. Today, the struggling casual clothing chain found out just how big a mistake that was. Drexler, now the chief at J. Crew (JCG), guided that retailer to 10% surge Friday after its earnings trounced Street expectations. How can you profit from Drexler's sweet revenge?
Will it be Nancy, or Serge or Steven--or maybe someone else winning a $1,000,000? The Million Dollar Portfolio Challenge is winding down today. Trading stops at the closing bell, so what happens will depend on who picked the best stock or stocks--as very little money separates the top three contenders. But as we said, there could be someone back in the pack, that's picked the best stock to leapfrog over the big three.
Nancy Beaumont already has some firsts in the Million Dollar Portfolio Challenge. She was our first weekly winner--and that qualified her for the finals. And she's currently in first place as the contest enters its last day. Nancy is a Director of Counseling at Touro University in Vallejo, California. Her strategy was "to buy small stocks." We'll see how that plays out by the end of trading today
Gap shares rose modestly Friday as its fiscal first-quarter earnings fell less than analysts had expected. Gap, which is still searching for a new chief executive, is seeing sluggish sales at its established stores, while absorbing costs for closing its Forth & Towne business.
Good morning all. We're starting this last day on the rough side as more than half of our Million Dollar contestants lost ground Thursday in a volatile market. All of our finalists are fully invested, with the exception of #15, Chuck Chow who is all in cash. Nancy Beaumont holds first place for the 4th straight day on the 9% gain of Gymboree. Nancy may hold onto the top spot with her almost all-in trade on Verigy, a Singapore-based maker of test systems for the semiconductor industry, which beat estimates after the bell Thursday. Verigy was up almost 10% in extended hours.
Private equity is reshaping the U.S. economy as well as its capital markets and is a force to be reckoned with.
The outlook for consumer spending dimmed Thursday after big retailers stumbled in April, their sales hurt by rising gasoline prices and the weak housing market.
April showers bring May flowers, and, for retailers the analogy is apt: April sales were extremely dreary, but conditions are looking up for May and June.
In this feature CNBC Contributor Herb Greenberg confronts the guys about one of their more controversial picks. Click here to find out which clothing company brings Jeff Macke and Herb to blows... also the tech titan that leaves Herb and Tim Strazzini at each others throats.
Clothing retailer Gap is considering sizable layoffs over the next few weeks to cut costs, the New York Post reported on Wednesday, citing three people familiar with the situation.
Diego from Miami asks: given all the concerns about credit deterioration, why hasn't Mastercard sold off while other companies like American Express have?
On February 26th, Guy Adami, The Negotiator recommended this drug play. "Mylan Labs, you've gotta go the generic route… I'm going the generic route…I like Mylan Labs here. They had a nice earnings release I think this is a stock you have to own” Well guess what...
Stocks closed sharply lower on Friday, sparked by a wave of last-minute selling by investors reluctant to be in the market over the weekend.."There was just no good news that came out today to convince people to buy stocks," said Charles Rotblut, senior market analyst at Zacks.com. "There are a lot of people happy with taking money off the table and waiting until Monday to see how it unfolds."
The global retailer, which is searching for a new chief executive after the January departure of Paul Pressler, said net income dropped to $219 million, or 27 cents a share, from $337 million, or 39 cents a share, a year earlier.
Apparel retailer Gap Inc. reports fourth-quarter earnings after the bell today. Analysts expect earnings of 24 cents, according to a poll by Thomson Financial. Investors are hoping the troubled retailer will offer some hope that a turnaround is possible. Kimberly Greenberger, retail analyst at Citigroup, and Gabrielle Kivitz, retail analyst at Deutsche Bank Securities, spoke with CNBC's Bill Griffeth this afternoon on Gap’s strategy.
There's hesitancy in the stock market this morning after yesterday's cautious move upwards. As of now, stocks look set to open lower. Economic data could help set direction when we see jobless claims and personal income and spending. The 10 a.m. New York time release of the ISM manufacturing data will also be important. Asian stocks were under pressure overnight, and European stocks have retreated from earlier highs.
Federated Department Stores said stronger same-store sales and lower costs boosted fourth-quarter earnings 5% higher. And Chairman and CEO Terry Lundgren told CNBC's Becky Quick that the parent of Macy's and acquirer of May Stores is getting "better and better."