*Loss-making retailer to exit Russia. *Russia slowdown weighs on Finnish economy, companies. HELSINKI, Nov 27- Loss-making Finnish retailer Stockmann is pulling out of Russia by selling its seven department stores there to a local franchisee of Britain's Debenhams for 5 million euros, it said on Friday.» Read More
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.