Tuxedo rental may be a very old idea, but it took two very bright Harvard MBAs to reinvent it for runway labels.» Read More
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.
The run is done, at least for several stocks according to Merrill Lynch. As Dylan Ratigan first told you on “Closing Bell,” Savita Subramanian, Quantitative Strategist at Merrill Lynch, has made a list of companies due for a pullback. You can’t afford not to click.
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.
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.
Kohl's , which runs a chain of mid-priced department stores, on Thursday reported a smaller-than-expected gain in November sales at stores open at least a year, saying warm weather hurt sales.