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Department store operator Macy's reported a quarterly profit Wednesday against a year-earlier loss on lower merger costs, but sales at stores open at least a year declined.
Futures rallying on economic and subprime news. 1) Economic news showed no inflation at the wholesale level and retail sales on the aggregate were a tad better than expected. 2) Two large financial companies made relatively positive comments concerning their subprime exposure this morning.
Why the rally? Let me count the ways: 1) Stocks oversold (financials in particular over-shorted). 2) Oil drops (helping overall market). 3) Wal-Mart does not lower guidance for the fourth quarter (retailers rally).
Gift cards are still at the top of everyone's wish list this holiday season, but growth is expected to slow dramatically from last year.
I haven't purchased a single Christmas gift for ANYONE that I know. For me, this may be inexcusable given the amount of time that I spend in malls for work. I'm trying to rein in my spending and apparently I'm in good company. According to the National Retail Federation, more than 70% of consumers have completed only 10% of their holiday shopping.
Warm weather, the credit crisis and gas prices are threatening to drag down retail. What will next week’s Wal-Mart (WMT) and Macy's (M) earnings reveal about consumers?
Stocks fell for a second straight day, led by declines in the Nasdaq after tech bellwether Cisco Systems signaled the credit crisis was hurting demand from key customers, including banks.
Retailers posted a second-straight month of weak sales, as warmer-than-usual weather cooled demand for fall clothing and surging gasoline prices and a weak housing sector created a more cautious consumer.
Cramer makes the call on some Georgia Tech students' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
September same-store sales growth falls to its slowest pace in three years, forcing a number of retailers to cut their third-quarter earnings forecast.
Balmy temperatures meant a few more weeks of summer, but the warm weather likely put a chill on retail sales.
She's dressed former First Ladies Nancy Reagan and Jackie Kennedy and is a favorite of starlet Renee Zellweger, but designer Carolina Herrera says she would like to do a mass-market line, much like the one her friend Vera Wang recently created for Kohl's.
During my two days reporting from the Miami area this week, I covered the gamut of stores. A Wal-Mart, a Target, a Whole Foods, a Starbucks and a slew of boutiques in the posh Lincoln Road shopping district. The one thing in common between all of the customers that we spoke with is that all were acutely aware of the housing problems in the area.
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Investors appear certain that Ben Bernanke will cut interest rates by some amount Tuesday. What will that rate relief do for you: the consumer?
Grace Kelly and Jackie O are the two women Tommy Hilfiger sent down the runway yesterday. The collection of trench coats, silk knit dresses, tuxedo shirts and sport jackets referenced a glamorous 1950s-era wardrobe. Hilfiger said that his goal is to stay all-American in the sensibilities of the clothing but sell that polished American sportswear to a global market.
Macy's CEO Terry Lundgren told me that thinks that holiday sales will be 'great' this year. Back-to-school went well, he says, and he expects customers to be hungry for new clothes and fashion by the time the Spring runway looks (showing now) make it to the racks.
The boss of the handbag giant comes to Cramer to discuss a new business strategy, why he isn’t worried about his stock price and more. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Retailer Macy's is preparing to launch a $100 million fall advertising campaign with celebrities such as Martha Stewart and Donald Trump as it tries to boost its dowdy image and sagging sales, The Wall Street Journal reported on Wednesday.
Retailer Macy's posted a lower quarterly profit and cut its full-year outlook on Wednesday, sending its shares down.