Stocks rebounded from earlier losses to finish narrowly mixed Thursday, with the S&P adding small gains to the New Year rally, ahead of a key government employment report. Stocks had been under pressure earlier in the session amid ongoing jitters over the European debt crisis and a decline in the euro to its lowest level since September 2010.
Most U.S. retailers turned in solid finish to the holiday season, despite bargain-hungry consumers who put off their holiday shopping until the last-minute in order to snag the very best deals, and mild temperatures, which dampened demand for winter apparel.
Futures slipped again Thursday even after a handful of encouraging data on the employment front as ongoing jitters over the euro zone's debt crisis kept investors from jumping in.
Retailers are expected to report healthy sales gains in December, as a last-minute flurry of shoppers scooped up marked-down merchandise.
Small, independent retailers, many of them mom-and-pops selling off-beat items, are increasingly popping up in shopping malls that have historically been filled by big brand-name retailers such as Gap and Victoria's Secret.
With just six days left before Christmas, the holiday shopping season isn’t over yet, says Thomas Filandro of Susquehanna Financial Group. “I think the opportunity exists for a big surge in business,” said Filandro. “This week, including Super Saturday, could represent just 35 percent of the business, and the week after, a total 50 percent so its not over yet.”
The Saturday before Christmas is too crucial to retailers to be left in the hands of procrastinating shoppers, so many stores are having “Super Saturday” this weekend, the New York Times reports.
If you’ve left your holiday buying until the last minute, see these gift ideas that may save the day.
Don't be fooled by Black Friday. There are hot, and not-so hot stocks to watch in retail, says Stacey Widlitz, president of S.W. Retail Advisors.
Cramer makes the call on viewers' favorite stocks.
Stocks finished narrowly mixed in a quiet session Thursday as investors took a breather following a sharp rally in the previous session and ahead of the crucial government non-farm payroll figure due Friday morning.
Europe: The patient is on the table. Martin Wolff, in an editorial in the Financial Times this morning, said that euro zone officials who insisted on treaty changes that would take two years to enact before they would act decisively were akin to doctors who were treating a critically ill patient by working out an exercise program to ensure he didn't have another heart attack. It's an apt analogy.
Futures turned lower Thursday following news that weekly jobless claims climbed unexpectedly last week and following a sharp rally in the previous session.
The results are in. According to Shopper Trak, sales increased 6.6% on Black Friday. Consumers were inspired by record breaking discounts and store openings as early as 9 p.m. on Turkey Day. That was enough to get the average American to skip dessert, push back from the dinner table and hit the stores in search of savings.
Based on what I am seeing in stores leading up to Black Friday this year I am wondering if retailers really all view us as just a bunch of turkeys?
Stocks dropped heavily in the final hour of trading to finish sharply lower in thin trading Thursday following a report from Fitch on U.S. bank exposure to Europe.
Futures extended their losses Wednesday, amid ongoing concerns over high borrowing costs for heavily-indebted euro zone countries.
Maybe it should not come as a surprise that consumers are pulling back just in time for the holidays
The annual Victoria’s Secret Fashion Show is an event fans look forward to each year, but it has usually been focused on aspiration and brand building — until now. As Limited Brands, the retailer’s parent, gears up for the holiday season, it is planning more promotional events around the fashion show, which airs Nov. 29 on CBS.
Victoria’s Secret delivered yet another star-studded and diamond-studded runway event on Wednesday. Check it out!