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Colorado State University is just out with its 2007 Atlantic Hurricane forecast. The report sees above-average activity next year--with some 14 named storms ahead. That includes 3 major hurricanes. Of course--they could be wrong. They were in 2006 when CSU said the 2006 hurricane season would top 2005. It didn't--as the East Coast was hurricane free.
If you can't seem to find enough sales help at the store, there may be a reason. Margaret Brennan reports on Squawk Box that retailers may wind up hiring less temporary workers this year. Target, Wal-Mart and The Limited all plan on keeping hiring at 2005 levels.
Eighteen days to go and with the temperatures swinging like a pendulum, CNBC’s Margaret Brennan looked at how holiday shopping trends are ebbing and flowing.
Holiday spending is in full swing - with online shoppers spending nearly $12B so far this season and U.S. November same-store sales up 1.8%. But all that money isn't helping the stocks. After a run-up--retailers remain under pressure--down 1.25% last week. What should investors buy and sell? On CNBC’s “Morning Call” Erin Burnett asked Goldman Sachs Retail Analyst--Adrianne Shapira.
Retail sales in the U.S. rose a paltry 2.1% in November. Now the race is on to capture valuable holiday shopper dollars before the end of the season. But are the discounts being offered to lure customers into stores shaving too much off the retail industry’s profit margins? Marshall Cohen – chief retail analyst at NPD Group – seems to thinks so.
After being out of vogue for years, department stores are making a big comeback this holiday season.
Stocks closed mostly lower amid higher oil prices and a surprising decline in Midwest business activity.
November sales got off to a weak start because of unuseasonably warm weather, but some retailers overcame those early losses with big discounts and extended sales leading up to Black Friday.
Retailers reported mixed November same-store sales, with nearly half falling short of forecasts.