Wells Fargo analyst Scott Wren explains why he's keeping his S&P price target at 2,150 to 2,250.» Read More
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.
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.