Retail Spending Meets Low Expectations
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 »
Posts related to ‘NYSE: M’
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June Retail Sales Headed for Modest Gain
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 »
Retail Sales Figures Rise at Most Stores (COST, TGT, M, KSS, JWN, SKS, GPS, TJX, ROST, SSI, LTD, SMRT, WTSLA, BKE, ZUMZ)
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 »
After the Fall: Retail Stocks Upside Potential Remains (COST, WMT, TGT, M, KSS, JCP, GPS, LTD, AEO, ANF, TJX, DG)
Retailers have fared better than many other sectors over the past year, with the majority of share prices having risen although price to book values remain negative. Thus, either the ...Read Full Story »
Kohl’s, Nordstrom Disappoint, Dillard’s Shines (KSS, JWN, DDS, M, SKS, JCP)
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 »
24/7 Wall St. Closing Bell (AIG, COP, HSY, PSX, DMD, AOL, AGU, DTG, M, MPEL, TM, SODA, AMCX, MT, ESRX, MCP, JWN, NUAN, HNR, KSS, PEIX, CPWM, AMRS, ACI)
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 »
Cautious Consumers Cancel Macy’s Results (M, JWN, SKS, JCP, KSS, DDS)
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 »
24/7 Wall St. Closing Bell (F, WYNN, COF, BP, SYNC, CHTR, HL, OMX, THC, WEN, RST, PDC, AOL, CTL, AGU, DTG, M, MPEL, NWS, CSCO, TSLA, TM, PCLN, FOSL, DNDN, AVL)
The major US stock indexes opened sharply lower this morning as weak performance in the European markets as traders try to figure out what last weekend’s elections mean. Crude oil ...Read Full Story »
Retail Sales Figures Off to Slow Start (COST, TGT, M, GPS, SSI, LTD, SMRT, WTSLA, BKE, ZUMZ)
Retailers are reporting April same-store sales today and it looks like the predictions for modest growth will come true. Research firm Retail Metrics Inc. forecast that same-store sales would grow ...Read Full Story »
24/7 Wall St. Closing Bell (JCP, AMSC, EGO, NVDA, M, HCSG, PGR, ADTN, MSW, FAST, RAD, MFRM, TITN, DVR, NOK)
Markets opened higher this morning following the pleasant surprise earnings report from Alcoa Inc. (NYSE: AA) after markets closed yesterday (our coverage here). The report on US crude oil inventories ...Read Full Story »
Retail Sales Push Higher in February (COST, TGT, KSS, JWN, SKS, SSI, M, GPS, TJX, LTD, ROST, SMRT, WTSLA, BKE, ZUMZ)
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 »
24/7 Wall St. Closing Bell (ORCL, ITRI, CSX, ABB, GILD, BKS, BYD, CCO, CIE, DTG, HL, JAKK, M, MDT, PXD, SKS, WLK, THLD, CORT, GTXI, CHTP, WMT, WFT)
US markets opened higher this morning and traded higher for most of the day. The DJIA briefly rose above 13,000 for the first time in nearly 3 years. But in ...Read Full Story »
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