| Source: The Associated Press
Wall Street headed for a modestly higher open Friday as investors watched oil prices hit a new record high and awaited data on new home construction last month.
The weak economy took its toll on
department stores on Thursday, as retailers Nordstrom, Kohl's
and J.C. Penney reported lower first-quarter net profits, with
all citing challenges stemming from the weakened U.S. economy.
Kohl's Corp <KSS.N>, a mid-priced
retailer of apparel and home goods, reported lower
first-quarter profit on Thursday, and said its sales outlook
remained conservative for the year.
CHICAGO (Reuters) - Kohl's Corp <KSS.N>, a mid-priced
retailer of apparel and home goods, reported lower
first-quarter profit on Thursday, and said its sales outlook
remained conservative for the year.
Wednesday, 14 May 2008 | Source: The Associated Press
In a week stacked with retailers' earnings, Kohl's Corp., J.C. Penney Co. and Nordstrom Inc. are set to report quarterly earnings results Thursday.
Wednesday, 14 May 2008 | Source: The Associated Press
Major business events and economic events scheduled for Thursday:
Wednesday, 14 May 2008 | Source: Reuters
Macy's Inc <M.N> reported a quarterly
loss on Wednesday, hurt by restructuring costs and falling
sales, but the department store operator stood by its full-year
earnings forecast and its shares rose as much as 8 percent.
Wednesday, 14 May 2008 | Source: Reuters
By Nicole Maestri
Wednesday, 14 May 2008 | Source: The Associated Press
Shares of department stores rose Wednesday after Macy's Inc. reported better-than-expected first-quarter results and reiterated its full-year forecast.
Wednesday, 14 May 2008 | Source: Reuters
Retailer Macy's reported a quarterly loss Wednesday as a difficult retail environment hurt sales and it incurred costs from a restructuring.
Sunday, 11 May 2008 | Source: The Associated Press
With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent — and this week's data could help investors gauge the mind-set of the average consumer.
Sunday, 11 May 2008 | Source: The Associated Press
After slashing inventory and cutting expenses, the retail industry is still bracing for the largest overall quarterly profit decline in at least nine years when merchants report their first-quarter earnings this week.
Sunday, 11 May 2008 | Source: The Associated Press
After slashing inventory and cutting expenses, the retail industry is still bracing for the largest overall quarterly profit decline in at least nine years when merchants report their first-quarter earnings this week.
Friday, 9 May 2008 | Source: The Associated Press
Major business events and economic events scheduled for the coming week (some dates are tentative):