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Posh FAO Schwarz in Manhattan is jammed with shoppers -- but CNBC's Margaret Brennan says big-box stores like Wal-Mart grab some 57% of all toy sales.
Stocks look set to open lower after a sell off in energy and tech took the wind out of the year end rally yesterday, despite nearly $90 billion in deal announcements. Investors will be closely watching the ripple effect in emerging markets from Thailand's clampdown overnight on speculation in the baht....
Warm weather has brought doom and gloom forecasts of apparel sales this season, but there's still reason for some cheer.
Shoppers across America have millions of gift cards tucked away in envelopes, drawers and wallets. And some of the nation's largest retailers are profiting as a result.
With Fed Chairman Ben Bernanke pushing China for currency and economic reform – investors could see a stronger yuan influencing their portfolios. On today’s "Morning Call," Sue Herera looked at the investment opportunities with Robert Hormats, the Vice Chairman of Goldman Sachs International who sees opportunities in retail.
The U.S. market indexes closed relatively unchanged after a bumpy day of trading. Bob Pisani was CNBC’s “Eye on the Floor,” and he wondered if this recent stall in the markets was a sign of “buyer exhaustion.” The Dow Jones Industrial Average did rally in early trading – enough to take it to a new intraday high. But it spent most of the day in the red before finishing up two points.
Stocks closed slightly higher after giving back big gains from an early session surge.
Consumer electronics have replaced apparel as holiday must-haves. And retailers like Best Buy Co. have reaped the benefits. Now, there's some second-guessing going on.
Best Buy reported lower-than-expected quarterly profit as the consumer electronics retailer slashed prices on flat-panel TVs in an effort to boost sales at the start of the holiday shopping season.
In today's credit card society--layaway has all but gone away. The latest to join this trend is Wal-Mart. The discount giant says it will discontinue the service at all its stores by the end of this year. Some are accusing Wal-Mart of turning away from its core customers. And others are saying this decision is hurting Wal-Mart's troubled stock even more.
Holiday shoppers are procrastinating, but retailers aren’t panicking and offering bigger discounts to lure people in.
There will be plenty of news for investors to digest with several Dow heavyweights, including General Electric, Procter & Gamble, and Hewlett-Packard, all hosting analyst meetings this week.
If you haven't finsihed your holiday shopping. Don’t worry: Gian Fulgoni is sure you’ll get to it today, Tuesday or Wednesday.
Wal-Mart will reopen bidding for its $580 million advertising account just days after the departure of the executive who led the retailer's change of ad agencies.
A Wal-Mart advertising account worth $580 million is up for grabs again. The world’s largest retailer let go Interpublic Group’s Draft FCB just two days after dropping Julie Roehm, who as Wal-Mart’s head of advertising had handpicked the agency to help shape a new image for the company. Roehm has a history of racy ad campaigns...
If you can't seem to find enough sales help at the store, there may be a reason. Margaret Brennan reports on Squawk Box that retailers may wind up hiring less temporary workers this year. Target, Wal-Mart and The Limited all plan on keeping hiring at 2005 levels.
Today--Intel (along with Wal-Mart, Applied Materials, B-P America and Pitney Bowes) announced a major healthcare initiative called Dossia. It’s a new way for millions of employees to better manage their personal health records and their healthcare. In a “First on CNBC” – Intel Chairman Craig Barrett discussed why he’s so enthusiastic about this new plan...
Today the next generation of home video took center stage -- say goodbye to the DVD as we know it. There's no surer sign that something has gone mainstream than Wal-Mart selling digital downloads of the new Superman Returns video. DVDs are holding on for now, but if that HD-BLU-ray battle continues, then digital downloads will be the ones to cash in on that dragged out battle over the long run.
Investors will get a first look at whether early strong holiday sales for electronics are translating into higher profits when Best Buy reports its quarterly results next week.
U.S. Treasury Secretary Henry Paulson met with a number of CEOs from various industries in preparation for his trip to China next week. Myron Brilliant of the U.S. Chamber of Congress was there – and he was on “Street Signs” with Erin Burnett to talk about it.