Discussing the kind of experience consumers want today, and winners in the space, with CNBC contributor Jan Kniffen, and Dana Telsey, Telsey Advisory Group CEO. » Read More
NEW YORK— Sears' fiscal first-quarter loss widened as it suffered another sales drop at its Kmart and namesake stores. The chain said that it believes it can achieve significant growth in the Kenmore, Craftsman and DieHard brands by further expanding their presence outside of Sears and Kmart. Sears' shares rose in early morning trading on the news.
After a dismal week for retail earnings, Dana Telsey, CEO of Telsey Advisory Group, says consumers are spending money on experiences, not things.
The same issues that have plagued department stores this year are similarly weighing on Best Buy's results and growth prospects.
Think the mall is dead? Then you must not have visited one of these malls recently.
NEW YORK— Best Buy Co. on Tuesday offered a disappointing profit outlook for the current quarter, weighed in part by a recent earthquake in Japan that hurt the availability of some highly profitable products. The news sent Best Buy's stock down 6 percent even as the company reported first-quarter profits that topped Wall Street projections.
Forget models in magazines. Consumers are buying goods and services based on what they see in their Instagram feed, recent trends suggest.
Misses from Ross, Gap and other apparel retailers show that in a period of tepid consumer demand, there is little room for error.
The narrative that "everybody shops online so who needs physical stores" is dangerous to retailing, former department store exec Allen Questrom warns.
Retailers are struggling to strike the right balance between brick-and-mortar stores and online operations, Matt Boss says.
Retail received a much-needed reprieve, but the sector was still on track to extend its weekly losing streak.
Investors have soured on the retail sector recently. Here’s how to trade a rebound. CNBC’s Deirdre Bosa breaks down the best stock picks to play when the SPDR S&P Retail ETF rises 8 percent in one month.
BENTONVILLE, Ark.— Surprisingly strong sales at Wal-Mart and an optimistic outlook from the world's largest retailer lifted a pall that settled over much of the sector in the past two weeks. Wal-Mart's revenue climbed to $115.9 billion from $114.83 billion in the quarter, breezing past projections for $112.67 billion in revenue from industry analysts,...
They included executives from traditional retailers like Wal-Mart Stores Inc. and e-commerce upstarts that are disrupting the industry with names like Bonobos and Stitch Fix, both of which offer personalized services for clothing. They came together this week as the health of the retail sector and the future of shopping is under the spotlight in the wake of...
Lowe's reports quarterly earnings and revenue that topped analysts' expectations.
Former Saks Chairman and CEO Steve Sadove, discusses winning strategies of department stores versus selling products online.
NEW YORK— Target easily beat first-quarter profit expectations, but slowing sales at the Minneapolis retailer and across much of the retail sector is creating a lot of unease. Shares of Wal-Mart Stores Inc., which reports earnings Thursday, fell more 3 percent as investors got out of the way. Target CEO Brian Cornell blamed the cold and wet spring for weakening...
After a down session for markets Tuesday, "Fast Money" traders debated whether some recently weak stocks have fallen too far.
The "Fast Money" traders give you 4 stocks to buy that are down over 15 percent.
More consumers are using clothing rental websites or purchasing their clothing second-hand online.
LAS VEGAS— The co-CEO of Westfield Corp., one of the world's largest mall operators, said that shopping centers have to act more like technology companies in order to be relevant to the fast-changing consumer. "Clearly, there's a shake-up going on," said Steven M. Lowy, co-CEO of Westfield, which operates 34 shopping centers worldwide in key cities like London and New...