Tuesday, 15 Jan 2008 | Source: Reuters
Home goods retailer Williams-Sonoma reported a decline in its holiday same-store sales Tuesday and gave a weak outlook for the current quarter and upcoming fiscal year, sending its shares down 11 percent in morning trade.
Tuesday, 4 Dec 2007 | Source: Reuters
Retailers want to rack up sales now. But consumers are playing the waiting game for bigger discounts closer to Christmas
The turkey’s not even in the oven, but the annual game of chicken has begun. Consumers are waiting to see if retailers grow desperate and cut prices deeper than planned.
Everyone has heard predictions of a tapped-out consumer. And though they haven't materialized in the past, this time is likely to be different.
Thursday, 15 Nov 2007 | Source: Reuters
Home-furnishings retailer Williams-Sonoma said Thursday net income for the fiscal third quarter fell 7 percent, hurt by falling same-store sales and higher expenses.
Thursday, 15 Nov 2007 | Source: CNBC.com
Stocks closed sharply lower as investors remained skittish about the housing slump's toll on the economy and potential credit losses at big financial services companies.