Retailers specializing in off-price merchandise are positioned to win as investors shun fashion risk and look for quality, Oliver Chen tells CNBC.» Read More
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.
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.
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.
April 13- New York's attorney general has sent letters to 13 national retailers, including Gap Inc, Target Corp and JC Penney Co Inc, about "on-call shifts" in which workers are told whether to report to work a day or less before a scheduled shift. A number of companies with stores in New York are requiring employees to check in by telephone, text message or email before...
April 13- New York's attorney general has questioned 13 national retailers, including Gap Inc, Target Corp and JC Penney, about "on-call shifts," a staffing practice that requires workers to find out just hours before their shift whether or not they need to report to work. Letters were also sent to Abercrombie& Fitch, J. Crew, L Brands Inc, Burlington Coat Factory, TJX Cos,...
April 13- New York Attorney General Eric Schneiderman has written to 13 retailers, including Gap Inc and Target Corp, questioning them about "on-call shifts," a staffing practice under which workers find out just hours before their shift whether or not they need to go in to work. Practices such as on-call scheduling may violate a New York law, according to the letter.
Are you ready for the trading sprint that is earnings season? Goldman Sachs is.
Jim Cramer reminds investors of the many gifts that go into their pocket when energy costs are lower, thanks to the low price of oil.
April 6- Domino's Pizza Inc will need to raise the minimum wage to get the "right people" to stay competitive, the pizza chain's chief executive said on Monday, less than a week after McDonald's Corp said it plans to raise the minimum wage for its U.S. workers. Retailers such as Target Corp, Wal-Mart Stores Inc and TJX Cos have also said they would raise worker pay.
*March job gains smallest since December 2013. WASHINGTON, April 3- U.S. employers added the fewest number of jobs in more than a year in March, the latest sign of weakness in the economy and one likely to further delay an anticipated interest rate increase by the Federal Reserve. Nonfarm payrolls rose 126,000 last month, less than half February's pace and the...
The jobs report is the latest in a string of data that suggest the Fed shouldn't get trigger happy on rates, this economist says.