The Federal Reserve signals it may ease monetary policy as early as next month. (Reuters) HSBC China PMI estimates hit a multimonth low at 47.8, down from 49.3 in July. ... Read Full Story »
Shares of Wal-Mart Stores Inc. (NYSE: WMT) posted an all-time high over $73/share this morning as investors continue to react to yesterday’s terrible earnings report from Supervalu Inc. (NYSE: SVU). ... Read Full Story »
Shares of grocer Supervalu Inc. (NYSE: SVU) have lost more than -30% since the company announced quarterly results after the markets closed last night. We covered the gruesome details after ... Read Full Story »
Home electronics giant Best Buy Co. Inc. (NYSE: BBY) has seen its shares plunge today following an earnings warning from much smaller rival hhgregg, Inc. (NYSE: HGG). The Indianapolis-based retailer, ... Read Full Story »
In what might seem to be an anomaly, retail stocks are getting dumped on today following the US Supreme Court’s ruling upholding Obamacare. An retail group, the Retail Industry Leaders ... Read Full Story »
Discount retailer Family Dollar Stores Inc. (NYSE: FDO) reported results for its third fiscal quarter this morning that were pretty much in line with expectations. EPS came in at $1.06 ... Read Full Story »
Over the last three months shares of Sears Holdings Corp. (NASDAQ: SHLD) have lost about a quarter of their value, falling from near $85 to around $52. In the three ... Read Full Story »
Internet research firm comScore Inc. (NASDAQ: SCOR) today released its rankings of the top web properties for the month of May. The top 5 of the 50 sites ranked by ... Read Full Story »
Lawn and garden products maker The Scotts Miracle-Gro Co. (NYSE: SMG) lowered its fiscal year guidance after markets closed last night, and the stock is taking a hit on very ... Read Full Story »
The US Census Bureau reported this morning that retail sales in May fell by -0.2% month-over-month. Compared with May 2011, however, retail sales rose by 5.3%. For the three-month period ... Read Full Story »
In a conference presentation earlier this week, Bill Simon, the CEO of US operations for Wal-Mart Stores Inc. (NYSE: WMT), made some comments about the 10 Walmart Express stores the ... Read Full Story »
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 »
With 80% of the 120 companies it tracks having reported first quarter 2012 results, research firm Retail Metrics says that retailers who beat earnings estimates are up 5% year-over-year for ... Read Full Story »
Electronics retailer Best Buy Co. Inc. (NYSE: BBY) reported first quarter results this morning that were better than expected and the company’s shares are getting a much-needed bounce. The company ... Read Full Story »
The three major US stock indexes opened essentially flat this morning as investors were faced with a flat report on new claims for jobless benefits (our coverage here). Manufacturing data ... Read Full Story »