"Fast Money" traders discussed how to play retailer Gap's mixed earnings report and CVS' acquisition of Omnicare.» Read More
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Wal-Mart Stores Inc., down $3.49 to $76.43. Dick's Sporting Goods Inc., down $2.86 to $53.43.
May 19- Not every U.S. retailer has cause to complain about the West Coast port disruptions. Off-price retailers such as TJX Cos Inc, which sell high-quality merchandise at low prices, are snapping up orders canceled by traditional stores in the congestion that follows a months-long labor dispute. The fallout from the port strikes was a bright spot in TJX's...
*Wal-Mart biggest drag on Dow, S&P. May 19- U.S. stocks were little changed on Tuesday, constrained by Wal-Mart's weak results and as investors took a breather after a rally that took the Dow Jones industrial average and the S&P 500 to record closing highs the previous day. "I definitely think the markets are overvalued at this time but it's the only place where the...
TJX reports a strong first quarter; raises its forecast for the year.
*Wal-Mart biggest drag on Dow, S&P. May 19- U.S. stock fell on Tuesday, dragged down by Wal-Mart's weak results and after a rally that took the Dow Jones industrial average and the S&P 500 to record closing highs. Markets have been pushed higher by the fact that there is nowhere else to invest, said Peter Cardillo, chief market economist at Rockwell Global Capital in New...
CNBC's Jim Cramer explains where and why the retail sector is seeing a shift.
May 19- TJX Cos Inc, the owner of off-price chains TJ Maxx and Marshalls, raised its full-year profit and comparable sales forecast, encouraged by more bargain-hungry shoppers visiting its stores. TJX raised its full-year profit forecast to $3.21- $3.27 per share on a constant currency basis from $3.17- $3.25 earlier. TJX's net income rose to $474.6 million, or 69...
*Dow component Wal-Mart falls after results. May 19- U.S. stock were set to open higher on Tuesday after the European Central Bank suggested it would speed up bond buying, and investors shrugged off weak earnings from Wal-Mart. "The ECB's announcement to front-load its asset buying program certainly sparked the European markets and that's spilling over into the...
May 19- TJX Cos Inc, the owner of off-price chains TJ Maxx and Marshalls, reported a 5.8 percent rise in quarterly sales as more customers visited its stores and the company expanded its offerings. The company's net income rose to $474.6 million, or 69 cents per share, in the first quarter ended May 2, from $454.3 million, or 64 cents per share, a year earlier.
FRAMINGHAM, Mass.— The TJX Cos. on Tuesday reported fiscal first-quarter net income of $474.6 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Twelve analysts surveyed by Zacks expected $6.81 billion.
U.S. stock index futures indicated Wall Street would follow European markets higher on Tuesday, after finishing at record highs on Monday.
*Dow component Apple's shares rose 0.43 percent to $130.75 in premarket trading, a day after investor Carl Icahn said the stock was "still dramatically undervalued." *Wal-Mart fell 2.21 percent to $78.15 after the company reported lower-than-expected U.S. same-store sales growth. *Urban Outfitters was down 16.5 percent at $34 after it reported quarterly sales...
Wednesday's Fed minutes along with housing data might cause turbulence.
Next week's Fed minutes along with housing data might cause turbulence.
H&M launched its first national recruiting campaign on Thursday to support its expansion in the United States, USA Today reports.
Facebook unveiled new standards for contracted workers at its vendors including a $15 minimum wage and paid time off.
Macy's on Tuesday lifted the lid on its new off-price business, its latest bid to reach a new set of shoppers.
Retailers are tapping into more unique tactics to get shoppers spending in their stores.
Female CEO pay, on average, outstrips pay to all the male CEOs of the 100 largest publicly held companies reports USA Today.
Cowen & Co. broke down which retailers pay the most rent per square foot, as well as which rake in the most sales per square foot.