Staples confirmed on Friday a data breach that may have affected up to 1.2 million cards.» Read More
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.
October sales figures from Nordstrom (JWN) and Target (TGT) hit the Street, Thursday. Not much is expected but will the retailers at least tell the market that the consumer is ok?
Stocks are firming after the last few anxious sessions though the U.S. dollar has moved to a new low, oil is back on the rise and gold is at a 28-year high. The ever sunny Google is hitting a new high before the opening bell after Sanford C. Bernstein upped its target on the stock to $850 from $720.
Forget the Bernanke speak. Cramer doesn't think the central bank has any choice but to keep cutting rates.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.
The mighty U.S. consumer may be starting to crack, just as the Federal Reserve signaled that it was through with interest rate cuts barring a sharper economic downturn.
After the Fed hinted at an end to rate cuts in its announcement Wednesday, retail and utility stocks may be the most vulnerable.
Cut early, be aggressive and roll out gradually. That's Wal-Mart's spacer price strategy for the holidays. And the marketing team at Wal-Mart follows that dictate when it unveils some big ticket price cuts this Friday--more than 2 weeks ahead of "Black Friday," which has traditionally been the kickoff of the holiday shopping season.
If you're going to play the sector, you might as well go with best of breed.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.
Companies ranging from pancake house chain IHOP to high-priced handbag seller Coach reported signs of the continuing U.S. consumer pullback, sending retail and some restaurant stocks lower.
As suspected the market cares more about Apple's earnings than anything else this morning. However, a number of other important companies came through, with a couple exceptions. At American Express, investor concerns about a slowdown in card spending and an increase in charge offs did not materialize.
As I reported last week, tech was the bright lure in an otherwise fishy market. Well, we saw just how stinky that market could become Friday when not even tech brought buyers in the door. But those buyers were the first ones back in on Monday, and Apple promises to keep the tech fire burning. It reported a 67% jump in fiscal fourth quarter profits earnings to $904 million or $1.01 per share, well above expectations. Apple shares were sharply higher after hours.
Target cut its outlook for October sales at stores open at least a year on Monday, the second month in a row the discount retailer has lowered its same-store sales forecast, as investors begin to focus on how the holiday sales season will measure up.
The world's largest retailer has spawned this blog's biggest response ever! The anti-Wal-Mart emails (some 655, almost all I would say from Wal-Martwatch.com readers) keep pouring into the Retail Detail inbox. We'll continue to post your thoughts and responses so keep them coming. I've yet to hear from any on the pro Wal-Mart side.
Twice in the past year, Wal-Mart Stores has given its stock a shot in the arm by announcing plans to rein in expansion in the United States.
Can something overpriced, lowfat and "healthy" sell as well as something overpriced, addictive and caffeinated? Probably not. Replicating the success of Starbucks seems next to impossible. But Howard Schultz the chairman of Starbucks and partner Dan Levitan are betting $27.5 million that they can use their knowledge...
After hitting record intraday highs, stocks closed lower led by a selloff in tech shares. "We've certainly had a good run in the market and it's been driven by momentum and not necessarily valuation," said John Massey, portfolio manager at AIG SunAmerica Asset Management.
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.