Higher-end retailers like Bloomingdales's, Saks Fifth Avenue and Nordstrom are also dangling bonus dollars in front of their customers and tying them to store credit cards, according to Mary Delk, director in the retail practice of the consultancy Deloitte LLP in Charlotte, North Carolina.
*Nestle announces voluntary recall; affects frozen Buitoni Spinach&. Portobello Mushroom All Natural Ravioli; due to mislabeling and undeclared. *Nestle prepared foods co-initiating voluntary recall of 323 cases of Buitoni.
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NEW YORK-- Summary of revenue at stores open at least a year in September for discount chains, with percentage increase or decrease over the same month last year. These figures are a key indicator of a retailer's health because they exclude revenue at newly opened stores. Costco Wholesale Corp. 6 pct.
Higher-end retailers like Bloomingdale's, Saks Fifth Avenue and Nordstrom are also dangling bonus dollars in front of their customers and tying them to store credit cards, says Mary Delk, director in the retail practice of the consultancy Deloitte LLP in Charlotte, North Carolina.
NEW YORK-- SEPTEMBER SALES: A tally of 22 major retailers, including Target Corp. and Macy's Inc., showed that September sales rose 3.9 percent compared with a year ago. That's slower than the 6 percent rise in August. BEHIND THE NUMBERS: But shoppers are still spending.
Mark Newton, Greywolf Execution Partners, and Patricia Edwards, Trutina Financial, discuss whether they prefer Wal-Mart or Target now.
Retailers saw a slowdown last month from August sales, but a few names performed better, former Staples CEO Tom Stemberg told CNBC on Thursday.
U.S. stocks rose at the open after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis. **NUVASIVE INC, $14.9, down 34 pct.
The consensus is that Governor Romney did well in the debates last night; while Europe is meandering on either side of positive or negative, U.S. stocks are higher.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. Brokerages Canaccord Genuity, Robert W. Baird& Co, Mizuho Securities USA, BMO Capital Markets and ThinkEquity Llc cut their price targets on the stock.
*Sales at Costco and Gap top expectations. *Macy's, Target, Kohl's sales miss analysts' forecasts. "I think September overall is going to be OK; I don't think it's going to be great," said John Rooney, national retail& distribution sector lead for Deloitte Consulting.
*Macy's, Target sales miss analysts' forecasts. Retailers including Costco Wholesale Corp, Victoria's Secret operator Limited Brands Inc and teen chain Zumiez Inc posted bigger-than-expected gains in September sales at stores open at least a year. Target Corp and Macy's Inc posted same-store sales increases that missed analysts' expectations.
Oct 4-* Thomson Reuters same store sales index ex-drugstore chains 3.6 percent in.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. **NUVASIVE INC, Wednesday close $22.62, down 29.3 pct premarket. **INFORMATICA CORP, Wednesday close $33.63, down 19.7 pct premarket.
September sales rose 3.9 percent _ a slowdown from the 6- percent rise in August _ as 22 retailers like Macy's and Costco reported mixed results, according to the International Council of Shopping Centers. "This should set up to be a good holiday season," said Ken Perkins, president of Retail Metrics LLC, a research firm.
Target says a key revenue figure rose 2.1 percent in September as shoppers picked up back-to-school items and groceries. Total sales for the five weeks ended Sept. 29 rose 2.6 percent to $6.08 billion. Minneapolis- based Target expects October revenue in stores open at least one year to rise in the mid- to low-single digit percentage range.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising between 0.2 and 0.5 percent. **NUVASIVE INC, Wednesday close $22.62, down 27.4 pct premarket.
With Facebook's stock down 40 percent, the company is going on the offensive.
The annual Advertising Week conference is underway in New York and the big question this year is where are ad revenues growing and who's cashing in on that growth?