Michael Kors Holdings reported its slowest quarterly revenue growth since it went public in December 2011.» Read More
Stocks kicked off February with a rally, after a dismal January, energized by an earnings beat from ExxonMobil and a strong manufacturing report. Alcoa and Exxon led the Dow. Apple gave the Nasdaq a boost but Amazon took a hit.
Stocks advanced on the first day of February, energized by an earnings beat from ExxonMobil and a strong manufacturing report.
Investors started February on an optimistic note, bidding stocks higher after logging the worst month for the market in over a year in January.
Luxury retailers are showing signs of life after being bludgeoned by The Great Recession, with companies from Saks Fifth Avenue and Nordstrom to Tiffany, churning out respectable sales increases during the holiday season.
Cramer makes the call on viewers' favorite stocks.
The recession has made the luxury customer even more demanding, said Steve Sadove, chairman and CEO of Saks. The luxury customer continues to love their favorite brands, but wants them at lower prices, or at least wants to understand why the product commands the price.
There's a case to be made that consumers will defy the 10 percent unemployment rate and stoke a recovery in the retail sector.
Friday's jobs report is the first big economic report of the new year and as such, it heralds what could be the first really big trading day of the year.
When it comes to the jobs report, good news is bad news and bad news is bad news, says Gary Kaminsky. What does he mean?
Stocks struggled Thursday as the dollar rose and investors remained skittish ahead of Friday's jobs report. GE, Bank of America and Ford were among the day's gainers. Alcoa skidded.
Stocks skidded Thursday as the dollar rose, putting pressure on stocks that outweighed encouraging reports on employment and retail sales. Bank of America, Sears and Bed, Bath & Beyond were among the early leaders, while Alcoa stumbled.
Markets overseas fell in Thursday trading, with China’s Shanghai Composite falling nearly 2 percent for its biggest drop in nearly 2 weeks. This came as China’s central bank made a surprising short-term tightening move by raising rates on its 3-month bills for the first time in over 4 months.
Stocks opened lower on Wall Street as a rising dollar pressures commodity prices and outweighed another round of positive news in the job market.
Another round of better-than-expected employment figures did little to assuage investors as stock futures pointed to a negative open for Wall Street.
A recovery is taking place right under the noses of both the pundits and the press.
As investors look for the retail sector to rebound in 2010, Jeff Klinefelter and Mitchell Kaiser, senior retail analysts at Piper Jaffray, shared their picks and pans for the New Year.
Gift cards are just so easy — so easy for dishonest employees to exploit, that is.
Is the market a tad giddy with good cheer? In other words, have investors priced in an economic recovery that's stronger than what we're seeing?
It seems stores are pushing the envelope in an effort to win as much business as possible this holiday season. How should you trade retail?
From Macy’s to Williams-Sonoma and Sears, retailers are tying more purchases to a worthy cause, banking on the premise that socially conscious buying is in and conspicuous consumption is out.