While the Canadian discount sector is over-penetrated by American competitors, the luxury space still has room to grow.» Read More
Department-store retailers Kohl's, J.C. Penney and Nordstrom posted better-than-expected first-quarter earnings on Thursday and raised profit forecasts for the full year, citing demand for exclusive brands and designer merchandise.
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Earnings reached $156.8 million, or 60 cents a share, for the quarter ended May 5, compared with $131.2 million, or 48 cents a share, a year earlier.
Retail investors are bracing for a storm, coming later this week. J.C. Penney (JCP), Kohl's(KSS), and Nordstrom's (JWN) will barrage Wall Street with quarterly earnings on Thursday. That leaves you one day to make your move. What is it?
Economic data could continue to make the markets fluctuate, but many analysts say liquidity will ultimately keep the rally going. Money managers expect the market will have pullbacks in the near-term, but many say the overall trend remains bullish.
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.
Kim from New York wants to know if Jeff Macke is expecting any surprises in the retail sales figures being released on Thursday? And Carolina from Ohio wants to know if the box office performance of Spider-Man 3 is “baked” or priced into shares of Marvel Entertainment (MVL).
A slew of retail sales numbers will come out Thursday - that gives you only one day to get long the winners and short the losers. Jeff Macke’s on hand to give some insight into what you can expect on Thursday.
Here are a few more names from Cramer’s "Benefit of the Doubt" list of retail CEOs who deserve your patience and understanding.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Ted from Connecticut asked: “With the China markets and other emerging markets cooling off, both PetroChina and Petroleo Brasiliero - China and Brazil's largest oil companies are off their 52 week highs. Do they look like a good buy or will they go even lower?”
Wall Street took its worst beating in four years, as a sell off in the Chinese stock market triggered a global stock selling spree and raised fears of a slowdown in the world economy. "Asia sneezed and we all picked up a global chill," Frederic Dickson, Chief Market Strategist at D.A. Davidson, told CNBC.com.
Nordstrom said late Monday its fourth-quarter profit rose 22% in the period that includes the crucial holiday season. The results just missed Wall Street expectations, sending the clothing retailer's shares lower.
The nation's clothing stores released their January sales figures this morning and a solid number of retailers are coming in above expectations. Shoppers who redeemed their gift cards were a plus for Saks, Federated and Nordstrom. And, although frigid weather came late this year, it helped boost sales in outdoor apparel.
Retailers reported mixed sales for December, as unusually warm weather hurt sales of winter apparel but stores with high-end or big-ticket items lured shoppers at the end of the month.
Milli Vanilli might “Blame It On The Rain” but retailers are singing "Blame It On the Sunshine!" Warm weather in the Northeast is being cited as the cause of lackluster December sales. CNBC’s Margaret Brennan sifted through the numbers with Liz Claman on today’s “Morning Call.”
Which retail stocks should investors keep an eye out for in ’07? Robert Buchanan, retail analyst for A.G. Edwards, and Dana Telsey, retail analyst and chief research officer for Telsey Advisory Group, were on “Morning Call” to give their picks. Buchanan has a buy on J. C. Penney . He says a slowing has already occurred and the company is poised for growth in the new year. Buchanan especially likes the management at Penney.
Holiday shoppers are procrastinating, but retailers aren’t panicking and offering bigger discounts to lure people in.
Retail sales in the U.S. rose a paltry 2.1% in November. Now the race is on to capture valuable holiday shopper dollars before the end of the season. But are the discounts being offered to lure customers into stores shaving too much off the retail industry’s profit margins? Marshall Cohen – chief retail analyst at NPD Group – seems to thinks so.
From cars to furnishings to fragrences, you'll find what's on the lists of luxury shoppers., according to the latest survey of the Luxury Institute.