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Karen Katz has just been named president and chief executive officer of The Neiman Marcus Group, a title she insisted she wasn't after when she started with the luxury retailer in 1985. Katz talks about her career and the outlook for luxury retail.
The retailer, which has more than 6,200 stores nationwide, is a gathering spot for players, who flock there when big games are released. It has withstood numerous attempts by big box stores to encroach on the most profitable parts of its business model.
The latest batch of retail sales reports underscore that economic recovery doesn't happen overnight. Still, despite these disappointments, the results marked the eighth consecutive month that retailers logged same-store sales increases.
This is is the probably the toughest week of the year for active traders. Why? We've seen a huge increase in volatility and volume but it’s been around events so big (Greece, Spain, future of the euro) that traders have no idea — or strong opinion — on how it will play out.
Stocks were hammered Tuesday, logging their worst decline in months amid worries that the European debt crisis will spread and that Spain might be the next to need a bailout.
This trend is driving the markets right now.
The Dow plunged more than 200 points Tuesday as the dollar rallied against the euro amid worries about the European debt crisis.
Attorneys who specialize in video game law say they do not expect the Supreme Court to rule that video games are not considered a form of free speech. Rather, Justices seem more interested in determining whether there are factors that necessitate regulating sales in the industry.
The bulls may have a battle on their hands Friday, after Microsoft and Amazon shares slipped in extended trade after earnings. What must you know?
The company is facing increasing pressure from publishers, and lots of competition from a slew of e-readers on the market, and many, many more that are headed to market, not the least of which are devices from Apple and Sony .
Considering the President just scolded the Street for pushing the nation into recession, why are financials inching higher?
Companies are still searching for a successful marketing strategy for social media. Here's what Best Buy, Hot Topic, Target and The Gap are doing.
After closing not far from the lows on Friday, the S&P 500 closed at its high yesterday and is sitting just off the highs for the day as of this writing. Volume is again trending toward the heavy side.
Stocks rose for a sixth straight dayas investors cheered a pair of solid manufacturing reports and shrugged off a jump in jobless claims.
Stocks rose Thursday in mid-afternoon trading, following a five-day winning streak as investors digested a jump in jobless claims against a pair of solid manufacturing reports.
It's the perfect time of year to buy this one-stop-shop for all things lawn and garden.
Cramer's seeing an intraday trend that could translate into profits.
The S&P closed higher on Thursday buoyed by much stronger than expected same store sales. Is that your signal to sell?
Mid-afternoon trading: fairly broad advance developing, with retail, transports, and banks leading the way. Weakness in semis really preventing techs from breaking out. Retail sales. The good news: you can't deny that consumer spending picked up. What do retailers do from here?
Warm weather, an early Easter and a more confident consumer appear to have boosted retail sales in March, with many of the retailers who have reported results so far topping analysts' estimates.