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High unemployment could hinder the retail sector's recovery, despite the recent improvement in same-store sales, Macy's Chairman, President and CEO Terry Lundgren told CNBC Thursday.
Marriott International President and Chief Operating Officer Arne Sorenson told CNBC that he expects room rates and revenue to continue to rise this year.
Ebay shares tumbled in late trading Wednesday after its profit outlook for current quarter fell far short of estimates and it handed in a full-year outlook that also disappointed.
The online auction site operator said it expects 2010 full-year revenue of between $8.8 billion and $9.19 billion, and earnings of between $1.29 and $1.34 a share.
Wall Street analysts expected 2010 revenue of $9.12 billion, and earnings of $1.67 per share.
In addition, eBay said it expects to generate a profit of between 27 cents and 29 cents a share in its current quarter, well short of the 40 cents a share that 27 analysts who follow the company had expected, according to Thomson Reuters.
The auctioneer lowered its revenue guidance for the current quarter to between $2.15 billion to $2.2 billion. Analysts' consensus stood at $2.21 billion.
Colin Gillis, an analyst at BGC Partners, called eBay's second-quarter outlook "lackluster" and said the company would have needed to raise its full-year guidance to keep the Street happy.
Consumers are no longer relying on layaway programs just at the holidays, Kmart Chief Marketing Officer Mark Snyder told CNBC Wednesday.
Just in case you were starting to feel a bit better about the economy, along comes a new study by the National Foundation for Credit Counseling, which found that the consumer recovery isn't as far along as some think.
If you think it's tough to get a read on how consumers are feeling now, think about what it's like for retailers who are trying to forecast how generous their customers will be at Christmastime.
The teenage consumer is returning to the mall to replace her wardrobe, and her continued search for deals has helped Aeropostale set itself apart from competitors in the teen retail space, Co-CEO Mindy Meads told CNBC Wednesday.
BJ's Wholesale Club President and CEO Laura Sen said she has "zero" concerns about losing customers as the economy recovers.
Phillips-Van Heusen is starting to see a resurgence in consumer spending, CEO Emanuel Chirico told CNBC.
Christina Cheddar Berk is editor of CNBC.com's Consumer Nation and chief trend spotter.
Courtney is a retail reporter for CNBC.
Tom is a Senior Editor and Assignment Desk Manager for CNBC TV. He also writes about the business of beer for CNBC.com.
Stephanie Landsman is one of the producers of CNBC's 5pm ET show "Fast Money."
CNBC Segment Producer
Strong sales in Asia helped luxury brand Burberry post a 19 percent rise in second-half revenue.
Food prices are rising. After two months of sharp increase, grocers had no alternative but to raise their prices.
Brooklyn, N.Y.-based sneaker brand, Greats, said it has raised $1.5 million in new capital from a group of investors, Crain's reports.