Friday, 30 Oct 2009 | Source: The Associated Press
Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program.
Wednesday, 25 Nov 2009 | Source: The Associated Press
The season's traditional kickoff isn't quite here, but already some winners have emerged, from electronic book readers and hot pink netbooks to shimmery tops and the "snood," a hood-scarf hybrid that resembles a babushka.
Wednesday, 14 Oct 2009 | Source: The Associated Press
Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's popular Cash for Clunkers program.
As another new fashion season debuts, against the chilliest retail climate in years, many believe this is not merely a difficult moment for high-end retail but a defining one as well.
Stocks advanced Wednesday as investors got some much-needed good news on the economy, including a report that showed existing-home sales — and home prices — have started to rise.
Wednesday, 12 Aug 2009 | Source: The Associated Press
Macy's posted a second-quarter profit and beat analyst expectations even as the department store chain's results were weighed down by costs for consolidations and store closings.
Futures indicated a slightly higher open for the U.S. stock market Wednesday, following the previous day's losses of roughly 1 percent, ahead of the Federal Reserve policymakers' issuance of their latest economic pronouncements at about 2:15 p.m. New York time.
Retailers reported disappointing sales in July, a sign that consumers are continuing to watch their spending carefully and hunting for the best bargains.
Thursday, 6 Aug 2009 | Source: The Associated Press
Shoppers remained tight-fisted in July, raising concern about the back-to-school and holiday shopping seasons as well as for the broader economic recovery.
Friday, 31 Jul 2009 | Posted By:
Alexandra Klein | Source: CNBC.com
After a century in the business, JC Penney finally made its move to Manhattan with the grand opening of a three story store in Herald Square today. While other big retailers like Macy'sand Bloomingdales have been hit by the recession, Penney is relying on the struggling economy to generate its success.
By all accounts, the holiday season appears to be off to a robust start, with lines longer and carts fuller than a year ago, but a key question remains: What will happen after the holiday madness fades?... Read More
The S&P 500 closed higher on Friday, giving the stock market a second straight week of gains as upbeat retail news reinforced hopes for strong sales this holiday season.... Read More