Thursday, 5 Nov 2009 | Source: The Associated Press
Department-store operator Kohl's Corp. said Thursday that sales in stores open at least one year rose 1.4 percent in October, a smaller rise than analysts predicted.
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.
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 eked out a gain after a late rally Thursday as investors cheered an encouraging business-inventories report, the latest sign that the recession is winding down.
Stocks rebounded from a midmorning slide Thursday after a report showed business inventories continued to shrink as sales jumped, offering the latest indication that the recession is winding down.
There's some positive momentum for Wall Street ahead of Thursday's session. Futures are pointing to a nice pop at the open, following yesterday's strong gains.
Retailers reported disappointing sales in July, a sign that consumers are continuing to watch their spending carefully and hunting for the best bargains.
The Fast Money crew likes Wal-Mart, even more so after a recent breakout from a triangle formation — a very bullish indicator for the retailer.... Read More
October retail sales generally positive, not as robust as last month, but we don't have the back to school stimulus that we had last month... Read More