Good results or bad — It won’t be long before retailers have to rip off the monthly same-store sales Band-Aid when the report comes out Thursday.
"We are in the worst economic crisis since 1929," Credit Agricole CEO Jean-Paul Chifflet. If you think the Greece mess is costless or bloodless, just look at the European bank news this morning. At least four banks posted poor earnings and cited losses on their Greek holdings.
“We just came out of the holiday season with a very, very competitive mindset among retailers, and consumers really waited for those best deals,” said Morgan Stanley analyst Kimberly Greenberger. “The message from consumers is, ‘If you don’t have a great deal we’re not coming to your store.’ So we see 2012 as a year that will continue that theme.”
Stocks kicked off the week on a high note Monday, after Greece's parliament finally gave the green light over the weekend to austerity measures aimed at securing an international bailout package.
Stocks ended narrowly mixed in a lackluster session Thursday following a handful of mixed earnings reports, decline in weekly jobless claims and ahead of the government's monthly employment report due Friday morning.
Retailers reported mixed sales results in January, offering a signal that American consumers remain cautious amid a weak economic recovery.
Love may be blind, but it’s not free. Americans are planning to spend big bucks this Valentine’s Day to show their significant others that they care.
Tuesday’s market action provided a glimpse into what the market wants and want it doesn’t want, the “Mad Money” told viewers.
Take a look at some of Tuesday morning's early movers:
Private antitrust litigation pitting some five million retailers against several large banks has slipped under the radar of many analysts and investors who follow those companies, but the case may deliver a multibillion-dollar shock to bank bulls in the coming months, TheStreet.com reports.
Stocks rebounded from earlier losses to finish narrowly mixed Thursday, with the S&P adding small gains to the New Year rally, ahead of a key government employment report. Stocks had been under pressure earlier in the session amid ongoing jitters over the European debt crisis and a decline in the euro to its lowest level since September 2010.
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.
Futures slipped again Thursday even after a handful of encouraging data on the employment front as ongoing jitters over the euro zone's debt crisis kept investors from jumping in.
Retailers are expected to report healthy sales gains in December, as a last-minute flurry of shoppers scooped up marked-down merchandise.
Small, independent retailers, many of them mom-and-pops selling off-beat items, are increasingly popping up in shopping malls that have historically been filled by big brand-name retailers such as Gap and Victoria's Secret.
With just six days left before Christmas, the holiday shopping season isn’t over yet, says Thomas Filandro of Susquehanna Financial Group. “I think the opportunity exists for a big surge in business,” said Filandro. “This week, including Super Saturday, could represent just 35 percent of the business, and the week after, a total 50 percent so its not over yet.”
The Saturday before Christmas is too crucial to retailers to be left in the hands of procrastinating shoppers, so many stores are having “Super Saturday” this weekend, the New York Times reports.
If you’ve left your holiday buying until the last minute, see these gift ideas that may save the day.
Don't be fooled by Black Friday. There are hot, and not-so hot stocks to watch in retail, says Stacey Widlitz, president of S.W. Retail Advisors.
Cramer makes the call on viewers' favorite stocks.