As more brands flock to the off-price model, one analyst cautions that outlets could be losing a bit of their luster.» Read More
BOSTON, March 16- Bargain store chains are flooding into North American malls and shopping centers like never before, upstaging old mainstays like J.C. Penney and Sears that are reeling from the one-two punch of an ailing economy and competition from online stores.
Companies in the news after Thursday's bell:
Halfway through earnings reports, the scorecard isn't giving investors much reason for optimism. Here's what you need to know.
NEW YORK, Feb 21- After taking a hammering during the last recession, the U.S. birth rate is expected to begin to recover in the next two years, demographers say. Major rivals, such as Gap Inc and Gymboree Co., rely more on their own stores in malls.
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Wal-Mart and Nordstrom report tomorrow. A crummy outlook may be priced into Wal-Mart.
Loehmann's, the 92-year-old discount clothing chain, has filed for bankruptcy protection for a third time and said it is prepared to sell its assets to a group of liquidators.
According to filings in the U.S. Bankruptcy Court in Manhattan, Loehmann's Holdings Inc. tried last month to sell its businesses as a going concern. SB Capital Group LLC, Tiger Capital Group LLC and A&G Realty Partners LLC, which have handled retailer liquidations, agreed to make an initial bid that includes $19 million in cash and other sums, a court filing shows.
According to a corporate resolution, Loehmann's board has authorized the hiring of SB Capital Group LLC, Tiger Capital Group LLC and A&G Realty Partners LLC, which have experience handling retailer liquidations, in connection with a sale of substantially all of the company's assets.
The second storm of the holiday season is making its way through a wide swath of the nation just as the shopping crunch intensifies.
Some developments are so contradictory that even Jim Cramer throws his hands up in frustration.
Taper talk sets in as traders question whether the Federal Reserve will slow down its stimulus program in December.
"I still see some great opportunities out there," says Peter Dixon, manager of Fidelity Select Retailing fund.
A look at the early winners and losers from the heavily discounted Thanksgiving Day and Black Friday weekend.
“Retail has become downright treacherous,” said Cramer. Stocks that should be doing quite well just aren’t.
Stocks rise, with S&P ending above 1,800.
NEW YORK, Nov 22- U.S. stocks edged higher on Friday in the absence of economic data and ahead of a holiday-shortened week in the United States, a day after the Dow industrials closed above 16,000 for the first time.
Friday's midday movers.
NEW YORK, Nov 22- U.S. stocks were little changed on Friday amid a dearth of data and ahead of a holiday-shortened week in the United States, a day after the Dow industrials broke 16,000 for the first time.
*Time Warner Cable up as Charter nears bank deal for bid. NEW YORK, Nov 22- U.S. stocks were set to tick up at the open on Friday after the Dow industrials closed above 16,000 for the first time, amid a dearth of data and ahead of a holiday-shortened week in the United States.