Stocks are at new highs, but where are the bargains? Big financials are mounting an impressive rally.» Read More
As Zynga becomes the latest adopter of the digital currency, the move highlights a budding trend: businesses adopting bitcoin to woo a key consumer demographic.
UPS, embarrassed by deliveries that failed to reach clients in time for Christmas, may have a shrunken fleet of jets to blame. The WSJ reports.
StellaService, which rates retail customer service, scored sites on meeting promised delivery dates on holiday orders.
According to ShopperTrak, traffic for the week ended Dec. 22 was down 21.2 percent year over year.
The 11th-hour moves include a barrage of emails broadcasting drastic promotions, including half-off discounts on all merchandise.
Call it mistress inflation: The recession is over and she's going to want a much more expensive gift this year, says Todd Schoenberger.
L Brands last week reported a 5 percent decline in same-store sales, but analysts said it should turn around as the holiday season progresses.
Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.
NEW YORK, Dec 6- Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all year.
Costco Wholesale Corp said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters. Costco shares were down 1.9 percent in morning trading.
It may be time to step back from retailers, because the damage is broader than just apparel.
Costco missed its November sales target as lower gasoline prices and weaker foreign currencies cut into a five percent increase in monthly net sales.
NEW YORK, Dec 5- Several major U.S. retailers posted disappointing sales for November after cautious shoppers pinched their pennies at the start of a shorter holiday season. Costco Wholesale Corp on Thursday said sales at stores open at least a year rose 2 percent, below the 3.3 percent increase analysts were looking for, according to Thomson Reuters.
Some of the names on the move ahead of the open.
"I still see some great opportunities out there," says Peter Dixon, manager of Fidelity Select Retailing fund.
Black Friday retail sales may have been more sizzle than steak. Traffic was up, but spending was down.
Nov 21- Canadian clothing maker Gildan Activewear Inc forecast first-quarter profit below analysts' estimates, saying its cotton costs would remain high because it bought the raw material before prices declined. Cotton prices have fallen nearly 17 percent from a five-month peak of about 94 cents per pound in August.
Companies are making headlines after the bell Wednesday:
Wearing millions of dollars of diamonds, Swarovski crystals and lingerie, Victoria's Secret Angels hit the catwalk during the annual runway event.
Gap’s high-end activewear brand Athleta could emerge as the biggest winner from Lululemon’s quality control questions.