Thursday, 19 Nov 2009 | Source: The New York Times
After a brutal year in which the nation’s luxury retailers were forced to offer their wares at stunning discounts, they are trying to get their magic back. And they may have found a way: deliberately running low on merchandise. The New York Times reports.
NEW YORK (Reuters) - Upscale department store operator Saks Inc <SKS.N> reported a quarterly profit on Tuesday, beating Wall Street expectations for a loss, and its shares rose 5.5 percent.
Tuesday, 17 Nov 2009 | Source: The Associated Press
Luxury retailer Saks Inc. eked out a quarterly profit for the first time in six quarters by trimming expenses and scaling back on promotions and clearance discounts even as sales fell, the company reported Tuesday.
Monday, 16 Nov 2009 | Source: The Associated Press
Improved retail sales gave Wall Street a boost Monday but provided little hope for a robust holiday shopping season that might invigorate the economic recovery.
Monday, 16 Nov 2009 | Source: The Associated Press
Retail sales likely rose in October with part of the strength coming from a rebound in auto sales. Even with a gain, economists worry that consumer spending, the critical ingredient for overall economic growth, could falter in the months ahead.
Nordstromreported earnings that missed analysts expectations by a penny but beat on revenue, causing the company's shares to fall in after-hours trading.
Thursday, 10 Sep 2009 | Source: The Associated Press
The Great Recession and Americans' retreat into thriftiness are teaching retailers a new lesson: How to survive when consumers are focused on "needs" rather than "wants."
Retailers reported disappointing sales in July, a sign that consumers are continuing to watch their spending carefully and hunting for the best bargains.
Among the marks of Manhattan’s prosperity in recent years were the thousands of restaurants and shops that opened to meet an ever-growing demand. But as New Yorkers have drastically cut back, the shops that line the streets, from chain outlets to family-run shops, have started to disappear.
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