Nov 24- Black Friday comes early to Saks Fifth Avenue stores this year. The luxury retailer, owned by Canadian department store operator Hudson's Bay Co, will start Black Friday sales on Wednesday, Chief Executive Jerry Storch said. Others including Target Corp, J.C. Penney Co Inc and Kohl's Corp have also stepped up promotions and deals as they look to grab a piece...» Read More
The next week investors get the last wave of reports from retailers. Here's Pisani's take on the Weather effect and the names that count.
Three more top executives at J.C. Penney have left the ailing retailer, the New York Post reported, following the ouster of Chief Executive Ron Johnson.
Dollar General posted a higher quarterly profit on Monday as increased sales of food and other basics helped drive growth despite consumers' concerns about the economy.
The decision to do away with sales last year had no testing behind it. So it is not a mystery why J.C. Penney has done a 180 when it comes to its promotional stance.
Next week is the biggest one of the earnings season for the retailers. While each will have different nuances, and wrap up the key holiday quarter, Wall Street will be focused on the sales forecast for the current quarter.
Retailers should be buzzing right now with holiday gift card redemptions. But, there's early evidence retailers aren't getting much of a boost from gift cards this year, according to NBG Market Analyst Brian Sozzi.
The latest batch of retail sales reports shed light on who the retail winners are right now.
Eighty-nine percent of the 20 companies reporting beat, according to RetailMetrics, way above the 64 percent who normally beat. Why?
Retail stocks continue on their slide as investors worry about the world's second largest consumer market. NetNet spoke with Brian Sozzi, a StarMine top-ranked Equity Research Retail analyst, about his outlook on the sector.