U.S. online sales are expected to hit $2 billion on "Cyber Monday," for the first time since comScore has been tracking such information.» Read More
TORONTO, Dec 3- U.S. retailers looking north in their quest for growth should consider the frosty reception Canada has so far given trendy discounter Target Corp a cautionary tale: what looks like a simple border crossing can easily go wrong.
NEW YORK, Dec 2- U.S. online sales are expected to hit $2 billion on "Cyber Monday," for the first time since the data firm comScore began tracking such information.
Wal-Mart Stores Inc, Target Corp, Toys R Us, Macy's Inc, J.C. Penney Co Inc and Best Buy Co Inc were among the brick-and-mortar chains that started their online deals early. "All of them are behind Amazon, but some are starting to catch up," said Edward Jones analyst Brian Yarbrough.
To compete with each other and powerhouse Amazon.com Inc, many U.S. retailers began offering some of the season's best online deals, which were traditionally reserved for the Monday after Thanksgiving, several days ago.
NEW YORK, Dec 1- Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent almost 3 percent less than they did a year earlier, according to data released Sunday by an industry group.
NEW YORK, Dec 1- Heavy discounting took a toll on U.S. retail sales during the Thanksgiving weekend as shoppers spent less than they did a year earlier, according to data released Sunday by an industry group.
The Nasdaq got a boost from the technology sector, with Apple up 1.9 percent at $556.07, Microsoft Corp up 1.4 percent at $38.13 and Amazon Inc up 1.8 percent at $393.62. We wouldn't be shocked at all to see the small and mid-cap names lag a little bit, "said Ryan Detrick, senior technical strategist with Schaeffer's Investment Research, in Cincinnati.
Sales that began Thursday continued through Friday. Many people complained about the early start, but still they went out shopping anyway.
Stay up late or sleep in? More Black Friday shoppers abandon early morning hours in favor of sleep.
The retail industry looms large in this week's market winners and losers, and considering it's Black Friday, no surprise there.
*Markets closing at 1 p.m.; volume expected to be light. NEW YORK, Nov 29- U.S. stocks rose modestly on Friday, with investors wary of making big bets in a short post-holiday session, though the S&P 500 is set for its longest weekly winning streak in 10 years.
CNBC's Julia Boorstin reports more than 1,000 people were in line last night to shop at a Target in Los Angeles that opened at 8 pm Thanksgiving night.
*Markets closing at 1 p.m., trading expected to be light. NEW YORK, Nov 29- U.S. stocks edged higher at the open on Friday, with investors reluctant to make big bets in an abbreviated session, though major indexes remained on track for their third straight month of strong gains.
Companies are making headlines ahead the bell Friday:
In the search for answers this shopping season, consumer behavior online is being tracked aggressively with help from technology.
The struggle of low-income workers, many in retailing, is adding momentum to efforts to increase the federal minimum wage. The NYT reports.
Kmart, Old Navy and Lord& Taylor were some of the stores that opened their doors on Thursday morning, as each company did last year. Macy's Inc and a slew of other stores are opening later on Thanksgiving for the first time ever in a bare-knuckle brawl for a bigger slice of holiday sales.
Nov 28- Macy's Inc and a slew of other U.S. retailers are opening on Thanksgiving for the first time ever in a bare-knuckled brawl for a bigger slice of overall holiday sales.
Neely Tamminga, a managing director at Piper Jaffray, thinks consumers might actually open their wallets this holiday season.
*HP, Apple lead tech sector's gains. NEW YORK, Nov 27- The Nasdaq advanced on Wednesday to its highest level since September 2000 as Hewlett-Packard lifted the tech sector a day after the company's earnings. Overall trading volume was light, with many traders out for the Thanksgiving holiday.