Among our rated apparel retailers, Gap and Limited Brands, are expected to continue the positive momentum through the holiday season, on top of their reported comps growth at 6% and 5%, respectively, following 9% and 8% comps growth in August. Costco reported a 5% growth in comps excluding gasoline, in line with consensus estimates.
Macy's revenue at stores open at least a year rose 2.5 percent in September, while analysts expected a gain of 3.3 percent. Shares of Macy's rose 34 cents to $39.83. Kohl's Corp.' s revenue at stores open at least a year fell 2.7 percent in September, a bigger drop than Wall Street expected, hurt by lower demand for accessories and women's clothing.
Retailers saw a slowdown last month from August sales, but a few names performed better, former Staples CEO Tom Stemberg told CNBC on Thursday.
U.S. stocks rose at the open after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis. **NUVASIVE INC, $14.9, down 34 pct.
The consensus is that Governor Romney did well in the debates last night; while Europe is meandering on either side of positive or negative, U.S. stocks are higher.
SEATTLE-- Nordstrom Inc. said Thursday that sales in stores open at least one year rose 4.4 percent in September, slightly below analysts' expectations. Nordstrom said it was also competing against strong figures from September 2011 _ a 10.7 percent jump in same-store sales _ when the company offered free shipping and free returns for online purchases.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. Brokerages Canaccord Genuity, Robert W. Baird& Co, Mizuho Securities USA, BMO Capital Markets and ThinkEquity Llc cut their price targets on the stock.
Oct 4-* Thomson Reuters same store sales index ex-drugstore chains 3.6 percent in.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. **NUVASIVE INC, Wednesday close $22.62, down 29.3 pct premarket. **INFORMATICA CORP, Wednesday close $33.63, down 19.7 pct premarket.
*September same-store sales view up 5.0 percent-- Thomson Reuters data. *Says preliminary total retail sales of $1.01 billion for September 2012. *Says preliminary year-to-date total retail sales of $7.33 billion increased.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising between 0.2 and 0.5 percent. **NUVASIVE INC, Wednesday close $22.62, down 27.4 pct premarket.
Nordstrom is the latest in a string of retailers to announce Canadian expansion plans as companies seek to reach the country’s consumers who exhibit less enthusiasm for ecommerce.
To compete in an industry that J. Crew CEO Millard "Mickey" Drexler said already contains many brands and designers, retailers must guard against overexpansion and growing merely for growth's sake.
With Fashion Week in full swing, Cramer looks at retail stocks with room to run.
There is some concern that the political uncertainty surrounding the election and looming fiscal cliff could rattle consumers heading into the all-important holiday season.
CNBC's Courtney Reagan provides a preview of this year's annual retail conference. A number of the big names are there, this year, and one theme that's emerging is uncertainty about the future economic environment.
Especially since Mitt Romney’s résumé became presidential campaign fodder, there has been much debate about the merits of private equity, which is known for its focus on short-term gains. The New York Times reports.
Small and big companies alike, including Google and IBM, have undergone name changes. Here's how to gauge if a name change is right for your business.
Take a look at some of Tuesday's morning movers:
Take a look at the strategies used by America's most trusted brands, and what you can learn to better connect with your customers.