Retail sales growth in June were expected to be weak compared with sales a year ago, and the predictions came true. Sales growth last June was a tough comparison because ... Read Full Story »
Retailers will be announcing June same-store sales this week, and industry research firm Retail Metrics is now predicting sales growth of just 1% for the month. The past weekend’s storms ... Read Full Story »
Retails sales for the month of June are expected to show only modest growth according to research firm Retail Metrics Inc. June is not a particularly good month for most ... Read Full Story »
The three major US stock indexes opened sharply lower this morning on weak PMI reports from Europe and even weaker news on US employment (our coverage here). The US ISM ... Read Full Story »
Retailers are reporting May same-store sales today and it looks like the predictions for modest growth are being realized. Research firm Retail Metrics Inc. forecast that same-store sales would grow ... Read Full Story »
Lost in the last night’s commotion over the $2 billion loss at JPMorgan Chase & Co. (NYSE: JPM) were weak reports from retail Nordstrom Inc. (NYSE: JWN), Kohl’s Corp. (NYSE: ... Read Full Story »
The major US stock indexes opened sharply lower again this morning as investors consider Greece’s commitment to the austerity measures it had previously agreed to. Renegotiating the deal seems out ... Read Full Story »
Macy’s Inc. (NYSE: M) reported first quarter results this morning that beat estimates on both EPS and revenues. The soft spot was the company’s guidance, and that is taking the ... Read Full Story »
Retailers have been posting same-store sales figures for February this morning, and most are posting better-than-expected numbers -- in some cases, much better than expected. We have reports from 15 ... Read Full Story »