While the superstore retailer lagged during the holiday season, Target has kicked off 2012 with “aggressive promotions” and is expected to ramp up even more in February, says Adrianne Shapira, Goldman Sachs’ senior retail analyst.
Retailers reported mixed sales results in January, offering a signal that American consumers remain cautious amid a weak economic recovery.
Over dinner last night with several managing directors for a large equity desk, the first topic of conversation was not, “What's going to happen after the NYSE-Deutsche Boerse merger gets turned down?” It was, “What the hell is going on with this lousy volume? My desk is dead.”
After wild price swings that left investors bewildered and not a cent richer last year, stocks are rising again, and calm has settled over the market like blue skies after a storm. Or maybe eye of the storm is the better metaphor.
Jim Cramer’s researcher, Nicole Urken, takes a look at why it is just too tough to come into JC Penney right here.
Most U.S. retailers turned in solid finish to the holiday season, despite bargain-hungry consumers who put off their holiday shopping until the last-minute in order to snag the very best deals, and mild temperatures, which dampened demand for winter apparel.
S&P futures popped about 5 points as the ADP Employment Change for December came in much stronger than expected, at 325,000 jobs created, well above the consensus of 175,000. This bodes well for the December nonfarm payroll report, out tomorrow.
Retailers are expected to report healthy sales gains in December, as a last-minute flurry of shoppers scooped up marked-down merchandise.
Vendors who loan to retail suppliers of Sears are already starting to pull back and could distance themselves further from the company if things don't change soon.
Sears Holdings' announcement that it will close between 100 and 120 locations should not really be a surprise. Since the combination of Sears and Kmart, management has focused on everything BUT the most important item: the customer. Stock buybacks and cost cutting have ruled while Target, Kohl's and Wal-Mart have focused on sprucing up stores and grabbing a larger share of the consumer wallet.
With excess cash on hand from years of cautious spending and slower store growth, retailers in 2012 will focus on returning capital to investors via share buybacks and dividends, according to a Credit Suisse report out today.
The bulls are shopping at Kohl's this holiday season.
With the holidays looming, it’s easy to fall prey to retail tactics that coax you to spend more as you frantically gather gifts for those on your list. Here are some tips to avoid these spending traps.
Divorced couples sometimes have to see each other at work. Some share ownership of a business but communicate only through lawyers and underlings. Others go on 300-day international stadium tours together.
My prediction that next year J.C. Penney will be the hottest retail stock got a ton of pushback. None was as well-reasoned as Brian McGough, Managing Director of the Retail Sector at Hedgeye Risk Management.
Amazon.com and Nordstrom performed well, but “Fast Money” pros called out the lack of net gains and upcoming employment report.
Two big retail players restructure, hard times for other brand names and ETFS become a scapegoat for market volatility.
Europe: The patient is on the table. Martin Wolff, in an editorial in the Financial Times this morning, said that euro zone officials who insisted on treaty changes that would take two years to enact before they would act decisively were akin to doctors who were treating a critically ill patient by working out an exercise program to ensure he didn't have another heart attack. It's an apt analogy.
Black Friday has historically been regarded as the day when retailers move from a loss into profit for the year. While the explanation no longer holds much relevance, this year the day after Thanksgiving could be critical for several major retailers.
Who has the biggest buzz this Black Friday? It looks like Wal-Mart Stores, Best Buy, Target, Amazon and Apple may have an edge, according to CNBC's Real-Time Retail Read.