More Americans sought unemployment aid last week, though the number of applications was still consistent with steady hiring.» Read More
As CIT works to avoid bankruptcy, many who track the retail industry are concerned that CIT's troubles will set off a chain reaction that will leave retailers in the lurch during the critical holiday season.
The reports out this morning are very typical of the mixed bag of economic and earnings news: some bright spots, but a lot of uncertainty.
As the weak-consumer trend continues, some of these discounters are going to keep performing well, said Dana Telsey, chief research officer and retail analyst at Telsey Advisory Group.
One recurring theme this week—while sales of luxury goods continue to struggle, consumers continue to shop for less expensive goods.
Monthly chain store sales came out this morning. See which companies did well and which did not...
Stock futures are up modestly on better-than-expected jobless claims data and Alcoa’s smaller-than-expected loss.
Find out why Cramer says this is a bad move. Plus, get calls on retail, biotech, the housing bottom and more.
With consumers feeling the recession pinch, the necessity for designer brands to unload excess inventories has given rise to a new breed of Internet retailers.
Stocks advanced Thursday after a report showed jobless claims fell last week and banks gained. Weak retail sales tempered the mood.
Times are tough. Everyone is looking for an edge. So maybe companies will start to do what discount retailer T.J. Maxx is doing: Hire lookalikes!
Stocks opened slightly higher Thursday after a report showed jobless claims fell last week but the gains were offset by the retail surprise: three-quarters of retailers reporting chain-store sales this morning missed their targets.
Stocks opened slightly higher Thursday after a report showed jobless claims fell last week.
With same-store sales numbers hitting the Street on Thursday, is there fast money to be made in retail?
Auto makers are posting May sales that are the best for 2009; Ford's economists are estimating that May vehicles sales were roughly 10.4 million; if true that is well above the consensus of 9.4 million.
Stocks ended a rocky session mixed as a banks rally fizzled and an unexpected drop in housing starts left investors a little shaky. Still, a gauge of fear dropped below a key level.
Regional banks like Zions and Huntington Bancshares have been weak all day. Regional banks continue to suffer from concerns about loan losses.
Stocks bounced back Tuesday as banks rallied and a gauge of fear in the market dropped significantly.
Futures dropped as housing starts for April came in at 458,000, well below expectations of 520,000, and permits came in at 494,000, also well below expectations of 530,000. However, most of the drop is attributable to lower multifamily construction; single family starts and permits rose, though they are still low.
Consumers enticed by warmer weather and glimmers of hope for the economy bought a few more items in April, helping discounter Wal-Mart Stores and many mall clothing chains post better results for the month than expected.
The rally continues. Bulls are arguing this morning that today's data supports the current rally.