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Discounters, department stores and chains that sell electronics and teen fashions lured big crowds over the weekend as the holiday shopping season got off to a strong start.
Retailers are hoping last week's strong start to the holiday shopping season at malls and stores translates into a busy buying season online, which officially begins Monday. A number of retailers are hosting one-day sales or special offers for the occasion. Internet research firm comScore estimated online sales may exceed $700 million.
Stocks closed higher in a shortened session as the kickoff to the holiday shopping season lifted retail stocks, while signs of progress in a plan to relieve credit market strain helped major banking stocks.
Shoppers jammed stores before dawn Friday to grab discounted TVs, toys and clothing for the official start of the holiday season, expected to be the weakest retail showing in five years.
The mood among consumers hit the skids in November as gasoline prices soared and the housing slump worsened.
Everyone has heard predictions of a tapped-out consumer. And though they haven't materialized in the past, this time is likely to be different.
Stocks closed higher after another volatile session, helped by a rally among energy shares as oil soared to a record high close of $98 a barrel.
Target posted a surprise drop in quarterly profit after weak sales of higher-margin merchandise like clothing hurt its results heading into the holidays, and the discount retailer announced a new $10 billion share repurchase program.
Target (TGT) will lead retail earnings this week ahead of Black Friday. Can things get any worse for this beleaguered bunch or is it due time for a bounce?
One of my mother's favorite lines is the one about not saying anything if you can't think of something nice to say. Well that was the story of the markets Monday. What a day of angst. Look at this headline from a note sent by MF Global's Andy Brenner Monday afternoon: "The market has traded like a crazed man with no liquidity." Yikes.
The turkey’s not even in the oven, but the annual game of chicken has begun. Consumers are waiting to see if retailers grow desperate and cut prices deeper than planned.
U.S. stores may seem less crowded this holiday season, with one research firm predicting a 2.5 percent drop in foot traffic this year.
Tuesday's rally has opened a buying window that won't be around forever.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.
Stocks rebounded from four days of losses, buoyed by a recovery in technology shares, optimism over Wal-Mart Stores' solid profit and an easing of concerns about credit losses atmajor banks.
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.
Wal-Mart Stores Tuesday reported a higher-than-expected 8 percent rise in quarterly profit, helped by tighter control on expenses and efforts to draw customers into its U.S. stores earlier than ever for holiday shopping.
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.
So a week has passed since my first post on the drama surrounding the HD DVD vs. Blu-ray next generation format war. Hundreds of emails, though the pro Blu-ray, anti-Jim emails outnumbered the HD DVD side by better than ten to one. Not sure what message that sends, but maybe I angered the Blu-ray folks more than I satisfied the HD folks.
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.
October was not kind to Wal-Mart even with the promotional pricing and marketing campaign that the world's biggest retailer has been pushing. The only sales growth at Wal-Mart stores was at its Sam's Club division (+2.7%) which helped boost the overall Wal-Mart comp to a meager .4% gain.