William Taubman, Taubman Centers, and Steve Sakwa, Evercore ISI, weigh in on the state of malls in the Miami market, and retail's ability to keep up with occupancy rates.» Read More
We've put together a shopping list of catch phrases that apply to the consumer economy.
Cramer thinks so. See his interview with this company's CEO.
Last year Chinese consumers bought $9 billion of luxury items, the 2nd highest in the world. Overall, retail sales there soared 18 percent and firms like Apple and YUM generated billions in revenue. Nike earned around $800 million in profits there in 2010 on nearly $2 billion in revenue.
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Stocks ended sharply higher after rallying throughout the session Thursday as an upbeat report on jobless claims and falling oil prices led investors to retrace losses from earlier in the week ahead of a key jobs report on Friday. Caterpillar and Bank of America gained.
Most retailers continue to omit online sales from their monthly same-store sales reports. However, several retailers have begun to include them. This move says a lot about the retail industry as well as about the maturity of the online business.
Stocks rallied more than 1 percent across the board Thursday, fueled by a handful of upbeat economic news and as oil prices declined amid talks of a peace plan in Libya.
Despite storms and rising gasoline prices, many retailers reportedly monthly sales managed to top analysts' estimates, but some warned of a weaker March due the timing of the Easter holiday.
Retailers had several headwinds to deal with in February; however, analysts are still expecting sales to be higher than the year-ago period.
Expect to see billowy silhouettes, ethnic prints, '40s and '70s looks, longer hemlines and utilitarian-style outerwear when you shop for clothes this fall. That was the word from merchants ranging from mid-range department store Macy’s to tony Saks Fifth Avenue and online marketplace eBay, summing up the key themes that emerged during Fashion Week earlier this month.
This week's batch of earnings reports showed that Target trumped Wal-Mart Stores, but Target still needs to watch its back, because other retailers are grabbing a bigger chunk of the consumer budget.
Each day this week the Fast traders are looking at a company or sector with pricing power. Find out why Karen Finerman has Macy’s on her radar.
What follows is a roundup of corporate earnings reports for Tuesday, Feb. 22.
Stocks tumbled as the unrest in Libya—and the cut-off in Libyan oil supplies—sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and JPMorgan fell, while Kraft gained.
Stocks held steep losses into the close as the unrest in Libya sent oil prices soaring and gave skittish investors a reason to sell stocks in a market that had climbed to multi-year highs. Alcoa and Bank of America fell, hwile Kraft rose.
The unrest in Libya is boosting energy prices: oil up about 7 percent, heating oil up 4.2 percent, gasoline up 3.8 percent. Saudi Arabia will not allow any supply disruptions from the Middle East to impact global supplies of oil, the country's oil minister told CNBC, though that is scant reassurance. Also: Wal-Mart, Home Depot and Macy's.
Stock index futures pointed to a lower open for Wall Street Tuesday as mounting violence in Libya prompted investors to cash in recent gains and take a more cautious stance after the President’s holiday on Monday.
The S&P is now up 6.8 percent for the year, and analysts and traders keep watching for the pullback that just doesn't seem to come. Turmoil in the Middle East, recurring sovereign debt concerns in Europe and now the idea of inflation all hang over markets.
While many analysts expect holiday sales numbers to be strong, Wall Street is expecting earnings conference calls next week to serve more as inflation strategy sessions than as quarterly reviews.
Thirteen retailers will give quarterly results next week, but which retail name has pricing power? The "Fast Money" traders discuss.