Saks is betting that shoppers still care about glamour with a $250M restoration of its Fifth Avenue flagship store, the New York Times reports.» Read More
All week Cramer has been highlighting retail managers that deserve the benefit of the doubt when the numbers take a dip. For this segment he puts the focus on a couple of executives who keep those managers looking good.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.
Upscale U.S. retailer Saks is bullish for spring sales and sees low double-digit like-for-like growth thanks to brisk business in high-end goods, Chief Executive Stephen Sadove said on Thursday.
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Saks reported a quarterly profit on Wednesday, reversing a year-earlier loss, helped by better-than-expected sales, higher store traffic and cost controls.
Guess who will be caught in the crosshairs next week? You! Consumer confidence is down, gas prices are jumping and the housing market is cracking . And next week, major retail chains including JC Penney, Macy’s and Target will give winter sales figures. It’s judgement week for the consumer and retail stocks. Will they rescue this market or drag it down?
Milli Vanilli might “Blame It On The Rain” but retailers are singing "Blame It On the Sunshine!" Warm weather in the Northeast is being cited as the cause of lackluster December sales. CNBC’s Margaret Brennan sifted through the numbers with Liz Claman on today’s “Morning Call.”
Holiday shoppers are procrastinating, but retailers aren’t panicking and offering bigger discounts to lure people in.
After being out of vogue for years, department stores are making a big comeback this holiday season.
America is seeing another British invasion – and a Japanese and Brazilian juggernaut – in its retail stores. CNBC’s Margaret Brennan told “Morning Call” that international travelers are swarming over the U.S. this holiday season. As the Yankee greenback drops versus the euro, the yen and the British pound, America is becoming the destination of choice – for luxury shoppers.
Holiday shopping got off to a strong start over the week-end with upscale department stores looking like early winners. And it's not just grownups who have their hearts set on something luxurious. Kids are going upscale, too.