Retailers reported largely disappointing sales in June, as consumers pulled back on spending amid concerns about jobs and the economy.
As online shopping has surged, traditional retailers have lost millions in sales to so-called showrooming — when shoppers check out products in stores that they then buy from websites. Now some big retailers are taking a new approach, The New York Times reports.
In one way, the wait for a Nordstrom to enter the New York City market is over. In another, the anticipation and what it means for the company and other high-end department stores in the area has just begun.
Take a look at some of Wednesday's midday movers:
Despite a late Mother's Day, the early monthly sales reports from retailers are suggesting most retailers posted modest sales gains in May.
Retail industry analysts are guarded about the outlook for May’s retail sales, despite better-than-expected results at Macy’s and improving consumer confidence.
Flash-sale websites such as Gilt Groupe and Ru La La were hailed as disruptors in the ecommerce space, but recently there’s been a bit of a disruption in their success story, prompting some to wonder if flash-sale sites are more of a marketing gimmick than a sustainable business model.
Spending more on some things can save you money. Shopping smarter does not always mean spending less. Here are 10 ideas for 'thrifty buys.'
The euro dropped, along with European stocks and U.S. futures, around 9 a.m. ET as Greek leaders announced they had failed to agree on a new government and there would be new elections.
Get Cramer's earnings expectations for several retailers scheduled to report on Tuesday.
Get Cramer's earnings expectations for Groupon, Deere, Target and more.
Stocks faded in the final hour of trading to close mixed Friday, with major indexes logging a second weekly decline, pressured by news of JPMorgan's trading loss and amid ongoing worries over the euro zone.
Take a look at some of Friday's midday movers:
Risk management is still no science. Is it not ironic that JP Morgan Chase announced a $2 billion hedging loss in the chief investment office, which is designed to hedge risk for the entire organization. There may be more. They re-hedged synthetic credit exposure (credit default swaps?) designed to hedge its corporate credit risk. Not a successful strategy. It isn't working.
Stock index futures tumbled Friday as investors digested the news of JPMorgan Chase’s $2 billion trading loss as a result of a failed hedging strategy.
Take a look at some of Friday's morning movers:
Check out which companies are making headlines after-the-bell Thursday:
Stocks faded in the final minutes of trading to close mixed Thursday, but the Dow still managed to snap a six-day losing streak. Still, investors continued to be cautious amid ongoing uncertainty in the euro zone and techs dragged following Cisco's disappointing outlook.
U.S. stock index futures advanced Thursday, following the weekly jobless claims report that came in slightly better than expected, but investors continued to worry over the ongoing euro zone debt crisis.
The Fast Money pros may not see a lot of opportunity amid Tuesday’s sell-off. But that’s not to say they don’t see anything.