Of the 10 Cyber Monday promotions since 2005, the major department stores have all traded down at least 9 of the 10 sessions.» Read More
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
Retail is a 'lead indictor for the S&P' and the broader market, David Berman, president of the retail-based hedge fund Durban Capital, told CNBC on Wednesday. 'Everyone gets excited about department stores, the problem is that they are really on a long-term death spiral.'
Heading into Thursday's batch of retail sales reports, expectations are high that retailers will report their strongest sales in four years. However, as BJ's Wholesale's report showed Wednesday, there are sure to be some misses here and there.
A new report from MasterCard Advisors' SpendingPulse, which estimates sales across all payment forms, shows strong sales growth in December for apparel and high-end items, including jewelry. Online sales were also very strong, perhaps helped by wet weather in West and a post-Christmas blizzard in the Northeast.
Stocks closed mixed amid thin holiday trading after a couple lackluster economic reports on housing and consumer confidence. Chevron and HP rose, while American Express fell.
It seems investors are just shrugging off higher prices at the pump. How long until they derail the fragile recovery?
Even with the skeletal staffing in New York, comments are trickling in from analysts about the strong holiday season. Several companies have been mentioned multiple times this morning as notable winners: Abercrombie & Fitch, which appears to be continuing to win market share;
See what's happening, who's talking and what will be making headlines on Monday's Squawk on the Street.
After a rough 2009 that saw the demise of several stores, jewelry merchants have emerged as the shining star of the retail sector this holiday, with chains from tony Tiffany to mass-market Sterling Jewelers posting robust sales gains.
Liz Claiborne drew upside options for the second day in a row as the apparel retailer followed the rest of the sector higher this holiday shopping season.
The strategist known for coining 'BRICs' shares his insight for the next batch of "growing economies" in 2011.
Stocks traded mixed ahead in lackluster trading, although the S&P 500 and the Nasdaq hit new two-year highs on thin gains amid a lack of economic news. Alcoa and 3M rose, while American Express fell.
Stocks traded narrowly mixed amid thin trading and a lack of economic news as stocks struggled to move beyond recent highs. 3M and Alcoa rose, while AmEx fell.
Though this is traditionally a slow week, there are several underlying trends to the market.
Stocks slumped after opening higher as the dollar rose, but trading was light at the start of a holiday week. AmEx and Boeing sank, while BofA rose.
Cramer makes the call on viewers' favorite stocks.
Options investors are really expecting a 'Miracle on 34th Street' this year, according to Pete Najarian.
First it was newspapers, then music, now it's retailers. The Internet appears to be claiming its next victim—brick and mortar retail stores.
He's got his list. And, he's checking it twice. He's not Santa. He's not on a buying spree. Wall Street Strategies Retail Analyst Brian Sozzi has been surfing the malls in and around the New York City metropolitan area. Sozzi, who is rated five stars by Starmine for accuracy, has been doing this every weekend this season.