Wells Fargo analyst Scott Wren explains why he's keeping his S&P price target at 2,150 to 2,250.» Read More
For all the retailers whose businesses have become obsolete due to changing tastes, there are others capitalizing on shifting trends.
President Barack Obama is pushing a proposal to extend overtime payment to more white-collar workers. Main Street reacts.
Deutsche Bank analyst Paul Trussell downgraded Macy's, citing "low confidence that the company can bust out of its same-stores sales rut."
May retail sales were in line with expectations, but this has been a very uneven year for retail equities.
*Raises minimum wage to $9 per hour. *Sees Q2 profit/shr of 10- 13 cents vs est. June 9- Off-price retailer Burlington Stores Inc reported its slowest quarterly comparable-store sales growth in three years as harsh weather forced it to shutter some stores and consumers spent less of their tax refunds at their stores.
Chipotle Mexican Grill said it will offer new benefits including tuition reimbursement. Will other companies follow?
Staten Island's Empire Outlets, coming next year, will make it easier for New York City residents to snag name-brand goods at a discount.
June 9- Off-price retailer Burlington Stores Inc reported quarterly same-store sales well below analysts estimates and said it will pay at least $9 per hour to full time-employees and part-time employees with at least six months of service. A number of retailers, including TJX Cos Inc, have raised wages after the world's largest retailer Wal-Mart Stores Inc...
June 2- Wal-Mart Stores Inc will raise minimum wages for more than 100,000 of its U.S. workers in some departments from July, the second time the world's largest retailer has announced a wage hike this year. Wal-Mart, the largest private employer in the United States with 1.3 million U.S. workers, has been targeted by labor groups in the past for its minimum wages.
A study reveals that the median pay of female CEOs increased by 21 percent compared to last year.
"Fast Money" traders discussed how to play retailer Gap's mixed earnings report and CVS' acquisition of Omnicare.
Kohl's is the latest retailer to say it will join the outlet fray, following the likes of Nordstrom, Saks and Neiman Marcus.
As Los Angeles moves to raise the minimum wage to $15 an hour, a key question now is which other large cities might follow suit and hike pay.
U.S. stocks closed mixed on Tuesday as investors eyed renewed gains in yields and the dollar ahead of the Federal Reserve meeting minutes
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...