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Stocks slumped after opening higher as the dollar rose, but trading was light at the start of a holiday week. AmEx and Boeing sank, while BofA rose.
Shoppers came out in droves on the last weekend before Christmas, tackling their gift lists and driving traffic up at malls across the country.
Options investors are really expecting a 'Miracle on 34th Street' this year, according to Pete Najarian.
First it was newspapers, then music, now it's retailers. The Internet appears to be claiming its next victim—brick and mortar retail stores.
Futures have see-sawed this morning ahead of the Fed’s last meeting of the year today. S&P futures dropped a notable 4 points around 8am ET as Best Buy’s poor earnings rattled investors.
He's got his list. And, he's checking it twice. He's not Santa. He's not on a buying spree. Wall Street Strategies Retail Analyst Brian Sozzi has been surfing the malls in and around the New York City metropolitan area. Sozzi, who is rated five stars by Starmine for accuracy, has been doing this every weekend this season.
Retailers are adding features like aromas, photos and recorded messages to make gift cards more attractive.
Christmas will no longer be on credit for many shoppers, despite tempting offers from retailers and credit card companies trying to coax the plastic out of consumers’ wallets.
Publishers and retailers, spying an opportunity, have begun pursuing in earnest those enthusiastic romance readers who have abandoned print for digital. The New York Times reports.
Last November, Activision’s annual “Call of Duty” release ruled the sales charts in a dominant fashion. This year, the story is set to repeat itself.
In a month that was supposed to be one of the toughest for hedge funds, Pershing Square Capital Management reportedly saw a 12.2 percent net gain—and a 15 percent gain before fees.
Cramer finished his weeklong retail roundup with a focus on the top value-oriented department stores.
Retailers posted stronger-than-expected sales for November as shoppers spent more during the annual Black Friday event. With 22 more days to go until Christmas, what is the outlook for the sector? Peter Benedict, retail analyst at Robert W. Baird, and Charles Grom, broadline retail analyst at JPMorgan, shared their insights.
November's monthly sales reports showed there were plenty of reasons for retailers to be merry as the critical holiday shopping season got underway.
The holiday season is off to a "solid start" across most retail categories, according to a report released on Wednesday that offers some hope that consumer spending is starting to bounce back.
Monthly sales reports from retailers in November are expected to be strong, fueled by early holiday promotions and strong sales over the Thanksgiving weekend. A breakdown of the expected results.
Stocks struggled to end in positive territory but ended down as sovereign debt concerns in the euro zone kept a check on gains throughout the session. News that the Obama administration will work with Republicans on the tax dispute gave a brief lift to stocks. BofA and Procter & Gamble fell.
Stocks lost ground in the final minutes of trading after moving higher in the wake of news that the Obama administration will work with Republicans on the tax dispute. Rising worries over sovereign debt concerns in the euro zone kept a check on gains throughout the session. BofA and Procter & Gamble fell.
The Grinch may not have stolen the Black Friday momentum, but the coal in the retailer's stocking next year could the high price of cotton. "The fabric of our lives" is going to be more expensive come Spring and the prices you are seeing now will soon be a memory.
First Black Friday became a whole weekend of deals, now it looks like it's Cyber Monday all week. Several retailers have announced extensions of their Cyber Monday discounts into Tuesday or for the entire week.