Halfway through earnings reports, the scorecard isn't giving investors much reason for optimism. Here's what you need to know.» Read More
The failure in the U.S. to adopt tighter credit card payment standards makes purchases more vulnerable to hackers, said the CEO of a leading smart card maker.
Some undercover work at Starbucks stores shows there may be problems brewing at Wall Street's coffee darling, says retail analyst Brian Sozzi.
Behind the Target security hack is a dysfunctional U.S. credit card norm created by opposing retail and banking interests.
BOSTON/ NEW YORK, Jan 13- Target Corp began a major public relations effort on Monday to apologize to customers for an unprecedented cyber attack on its network, but the No. 3 U.S. retailer was vague in providing details about what it knew and when. Target is trying to woo back customers after sales dropped off at the end of the holiday season.
Top bosses at retail and automotive companies are noticing the same thing about the U.S. economy, and it has them optimistic.
Earnings season heats up this week, and the results actually could mean something this time.
Macy's boss Terry Lundgren tells CNBC there's no evidence that his retailer has been subject to the kind of cyberattacks experienced at Target and Neiman Marcus.
It's been a year of rising stock prices and economic recovery. So why are executives still making cuts and dissing this economy? Retail analyst Brian Sozzi explains.
Target and Neiman Marcus are not the only U.S. retailers whose networks have been breached, sources familiar with attacks on other merchants say.
Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.
Some business strategies are just so clever all Jim Cramer can do is step back and smile.
Stocks closed little changed Thursday, with investors unwilling to place large bets ahead of Friday's jobs report.
In-store retail sales suffer as the Internet takes a bigger share of the pie.
Analysts say retailers' big challenge will be to figure out a way to attract customers without giving away the store, as many did this holiday.
Fewer store visits and aggressive pricing at the start of the season by big retailers like Amazon.com Inc and Wal-Mart Stores Inc left many chains with little choice but to offer sweeter deals this holiday season. Those bargains led many chains, including L Brands, Family Dollar Stores Inc and teen retailer Zumiez Inc, to slash their profit forecasts.
Macy's is becoming an innovator, but don't expect that to carry through to other retailers.
L Brands cut its earnings forecast for the holiday quarter on Thursday after reporting disappointing December sales at its Victoria Secret and La Senza chains. Family Dollar Stores Inc and teen retailer Zumiez Inc, which both reported sales declines for December, also slashed their profit forecasts.
Some of the names on the move ahead of the open.
Companies making headlines after the bell Wednesday:
Department store operator Macy's forecast earnings for the coming year above Wall Street's estimates and announced a new cost cutting plan. Shares up.