Discount retailer Target hit the bull's-eye with its better-than-expected earnings report and subsequent stock rise on Wednesday. One analyst thinks the discount retailer still has room to run.
Stocks ended narrowly mixed in lackluster trading Thursday, with the Dow breaking a four-day winning streak, as investors digested a better-than-expected jobless claims report against waning optimism over the ECB to tackle the region's debt crisis.
Traders are watching to see if the S&P 500 can break meaningfully above 1400, a three-month high water mark for the stock market, which could help propel it toward a new high for the year.
California's Inland Empire has suffered some of the harshest effects of the economic downturn. But one area of real estate here is hotter than the August heat.
This year, parents are saying they are planning on spending more on back-to-school supplies despite the tough economic times.
Estimates for the back-to-school shopping season are starting to come in and some of the reports are pretty grim, as analysts fear recent weakness in consumer spending will only grow worse in the months ahead.
Days after Target announced a new partnership with high-end department store Neiman Marcus, the company hit fresh a 52-week high on Friday. Still, one analyst thinks it has more room to run.
While Best Buy cutting back on staff is nothing new — and certainly not a surprise — it may be the first of many announcements to come from retailers, especially as the holidays approach. Last year, Best Buy cut back on its plans to hire temporary staff for the holiday, adding only 15,000 workers versus 29,000 in 2010.
Big retailers including Costco Wholesale, Macy’s, Target, and Kohl’s reported June sales that failed to meet estimates. Some retailers even changed their earnings forecasts as a result. As the back-to-school season and the holidays get closer, a rotten retail stock could start to stink. Here’s what analysts are looking out for.
Overall, retailers' June sales are concerning. Back-to-school is the second biggest "season" for retail after the Christmas holidays, and it's just around the corner. Many analysts think retailers will have to offer aggressive promotions to win consumer dollars. A number of retail analysts even took the step of downgrading retail stocks based on their concerns about a pullback in consumer spending.
Retailers reported largely disappointing sales in June, as consumers pulled back on spending amid concerns about jobs and the economy.
It’s getting more difficult for discount-addicted consumers to get their fix. Major retailers are scaling back promotions — for better or worse.
When it announced another train wreck in monthly sales this morning, Kohl’s did what it has been doing for months: blamed having too little inventory.
Despite a late Mother's Day, the early monthly sales reports from retailers are suggesting most retailers posted modest sales gains in May.
Take a look at some of Thursday’s morning movers:
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.
Take a look at some of Wednesday's midday movers:
J.C. Penney’s stock will likely stay in a range of $25 to $30 in the near term, said one analyst, who warned investors against expecting any miraculous recovery in the company’s shares soon.
JCPenney was hit with a double whammy today: not only were earnings a huge disappointment after the close, but their competitors are gaining on them.
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.