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Retailers turned in surprisingly strong monthly sales reports in August, as sales-tax-free holidays and discounting coaxed shoppers to open their wallets and stock up on back-to-school items.
August same-store sales better than expected. Maybe those tax-free sales days made a difference: 17 states had at least one tax-free weekend in August, up from 13 last year, including big states like Florida, Illinois, and Massachusetts, and it looks like they made a difference.
Stocks began September by soaring more than 2.5 percent after strong U.S. and Chinese manufacturing reports relieved some of the mounting worries over the global economy. Bank of America and Caterpillar rose.
Discounters and department stores are expected to fare well when retailers issue their monthly sales reports Thursday, as consumers look for one-stop shopping to stock up on school supplies and clothing. Which retailers are heading to the top of the class? A look at analysts' estimates.
First there was the dot-com boom — now there’s the cloud explosion.
Price, price, price. There's been a lot of talk about how price-sensitive consumers are these days, but if you had any doubt about how relevant this is to actual shoppers—banish it.
This fashion play may be just the thing you need to punch up that homely portfolio.
Of all the data businesses long to collect about you, one of the most precious is where you are. The closer you get to a store, the more likely you’ll actually open your wallet. That makes location-based services a potential multi-billion-dollar opportunity.
There are very few must-have items going into Back to School, but one item analysts are keen on is jeggings, pants which combine the fit of leggings with the look of jeans.
Major retailers are working with a new smartphone application that tracks and offers promotions to shoppers as they move about.
Shoppers have been flocking to TJX's stores in this rough economy, and now the call buyers are coming along as well.
Retailers shouldn't worry about back-to-school spending, the shoppers will be there. It's what may come next that is the concern.
Stocks slipped Friday in quiet summer trading as the closing bell neared after several reports on the economy did little to improve the mood of investors and the market continued on track to record its worst week since the week ending July 2.
Stocks ended the week down sharply, with the major indexes down as much as 4 percent in the worst week for the markets since July 2. Retail drops.
While stocks fell off again Wednesday, following the Fed's gloomy view of the recovery on Tuesday, two market watchers on CNBC focused instead on how to 'juice' the economy.
Stocks tumbled Wednesday on light volume as investors lost confidence in the global economic recovery following the Federal Reserve's grimmer outlook and softening growth in China.
Even as more retailers try to get leaner and meaner, and more centralized, to stay competitive amid sluggish consumer spending, many are finding that it pays to think locally.
What follows is a roundup of corporate earnings reports for Wednesday, Aug. 11.
The US equity markets have been "underplayed," hurt by a negative psychology that isn't based on the fundamentals, Robert Weissenstein, CIO at Credit Suisse Private Banking Americas, said on CNBC Wednesday.
Stocks tumbled more than 250 points Wednesday amid light volume as investors continued to lose confidence in the strength of the global economy in the wake of the Federal Reserve's dimmer outlook and a decline in China's domestic economy.