It's logical for retailers to extend their search outside of the retail industry, so long as they come from a business that's' "wired to consumers."» Read More
*Wal-Mart profit falls as severe winter deters shoppers. NEW YORK, May 15- Wall Street was set for a lower open on Thursday as weaker-than-expected earnings from Wal-Mart Stores Inc overshadowed a number of better-than-expected economic reports.
U.S. stock index futures shaved their losses following a better-than-expected jobless claims report, though disappointing earnings from Wal-Mart weighed.
*Wal-Mart profit falls as severe winter deters shoppers. *Wal-Mart Stores Inc reported a 5 percent fall in quarterly profit as severe winter weather hurt comparable sales in the United States. *The New York Fed's Empire State and Philadelphia Fed manufacturing surveys are due at 8:30 a.m. and 10:00 a.m. EDT, respectively.
Some of the names on the move ahead of the open.
Kohl's delivered quarterly earnings and revenue that fell short of analysts' expectations on Thursday.
Thousands of Vietnamese set fire to foreign factories and rampaged in a reaction to Chinese oil drilling in Vietnam's part of the South China Sea.
Markets will navigate a series of economic reports while traders worry the lowest bond yields in seven months could sting stocks.
*Sears Holdings says it may put Sears Canada up for sale. Sears Holdings, which operates more than 2,300 stores in the United States and Canada, said it will hire an investment bank to explore options for its share of Sears Canada. The move comes as Sears Holdings, which operates Sears and Kmart discount stores, tries to engineer a turnaround.
*Sears Holdings says it may put Sears Canada up for sale. May 14- Sears Holdings Corp said on Wednesday that it was considering the sale of its 51 percent stake in Sears Canada Inc, a move that could mean all of the Canadian department store operator goes up for sale.
U.S. cosmetics company Elizabeth Arden Inc said it is evaluating strategic alternatives, sending its shares down 16 percent after the bell.
Parents and the purchasing power they represent are also shying away from teen retailers, as they seek value when making purchases for their kids.
In the week ahead, Monday and Wednesday could be kinda big. Are you ready?
Traders await retail sales, inflation data and retailer earnings, but it's the stock market's own behavior that could be most key in the week ahead.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Physical stores and the malls that house them are aiming to bring the ease of online shopping to the real world.
As discounting shows little sign of abating, it's the stores with on-trend merchandise that will emerge as the season's winners.
NEW YORK, March 31- Macy's Inc on Monday said it promoted its chief merchandising officer, Jeffrey Gennette, to president of the company, in a move that potentially positions him to become chief executive.
Internships are one way to get a job. But some companies are better than others at hiring their interns for full-time positions, says a new survey.
March 13- Retailer Dollar General Corp reported lower-than-expected sales for the holiday quarter on Thursday, blaming weak consumer confidence among its low-income shoppers, cold weather and aggressive competition.
Dollar General follows Wal-Mart Stores Inc, Target Corp, Kohl's Corp and other retailers catering to lower-income shoppers in reporting weaker-than-expected sales for what analysts have called a particularly competitive holiday season.