- Oil Next Week: What Traders Will Be Watching
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- Cramer: 5 Earnings Reports to Watch Next Week
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Tax Credit Sparking First-Time Home Sales: Realtors
- Investors Cut Back US Stocks for Bigger Growth Abroad
- Cities With the Most Home Price Reductions
- White House Plans to Freeze Spending to Cut Deficit
- This Year's Biggest Thanksgiving Leftover: Cash
- Oil Next Week: What Traders Will Be Watching
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Dollar General Trades Higher After Its IPO
- Fed Reform? Not So Fast.
MOST SHARED
- Seeking Innovation in Health Care
- Today's Market Action
- Israel: Leader of Business Innovation
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Herbalife Vs. Hedge Funds
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Low Interest Rate Investing
- Warren Buffett and Bill Gates: Keeping America Great
- Novo Nordisk CEO on Diabetes Epidemic
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
Text Size 
After a surprise gain in retail sales for March, CNBC asked CEOs of top retailers how they're faring.
Discounters Not Immune
“We do have a lot more speed, but traffic has been down in the general retail marketplace which has led to fewer people actually getting into their car and going shopping. But what we have seen is those people who do get out and go shopping when they enter our stores, we’re seeing that they’re buying a little bit more than they used to.”
- Matthew Rubel, Collective Brands [PSS
Loading...
()
] CEO
Ikea CEO on Falling Sales
“We also see a shift in consumption to other areas, other businesses like leisure, travel, electronics, away from areas like home furnishing. So it is an interesting challenge that we have ahead of us. We see rising costs in the salary costs, we also see rising raw material prices, which has an effect on our margins, and we have the slowdown in the consumption. So, the combination of those three, of course, makes a very challenging retail climate.”
- Andres Dahlvig, Ikea CEO
Saks [SKS
Loading...
()
] CEO on High-End Market
"I think clearly you're seeing a slowdown in the luxury sector. It's a different time in the luxury business. This is probably as weak or weaker than we saw post 9-11...Right now, you're trying to be as focused on the customer as you can. Service is so important. Right now, we're probably in a mode where we're clearing out, and all of the competitors are clearing out a little bit more in inventory than we'd like to see in the system."
- Steve Sadove, Saks CEO
Alliance CEO on Inventories
"We expect for the last year we see our inventory control get much more priority than other activity in the company...Europe I think today start to get reaction to what's happening in the United States."
- Claudio Del Vecchio, Alliance CEO
Print
Email
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.
- A wealthy, distracted Texas driver crashed his million-dollar Bugatti Veyron sports car into a salt marsh, say police.
Data is a real-time snapshot *Data is delayed at least 15 minutes