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 by just…
The S&P Retail Index is down -2% in the late morning today, considerably below the overall DJIA decline of -1.2%, and it’s not entirely clear what’s causing the drop. Sears Holdings Corp.…
Retail Metrics is out with its forecasts showing that it still expects that the May 2012 Same Store Sales Index will come in with a gain of 1.7% for the month. This…
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 sector is…
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: KSS), and…
The major US stock indexes opened significantly higher this morning as investors were heartened by yesterday’s nationalization of Spain’s Bankia. The Bank of England also keps rates and asset purchases stable. This…
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 of the…
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 stock down…
US retailers will report April same-store sales results this week and the outlook calls for a substantial drop from March’s gain of 3.9% to an April rise of just 1.4%. The data…
The research firm Retail Metrics is out signaling better than expected retail sales should be the norm this week when companies report their March same-store sales figures. The report noted that February…
US equities opened higher this morning following the report on a US non-farm payroll gain of 227,000 jobs (more coverage here). In Europe, the Greek debt swap deal went off smoothly, but…
Jon OggThese are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Arch Coal, Inc. (NYSE: ACI) Cut to Market Perform at BMO. Cabela’s, Inc.…
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 companies: Costco…
On January 25, new JCPenney (NYSE: JCP) CEO Ron Johnson, former head of Apple’s (NASDAQ: AAPL) retail operations, unveiled his vision for the retailer’s turnaround. His “Fair and Square” price plans would…
Markets opened lower today and of the three major indexes, only the S&P 500 was able to break through to positive territory and stay there for most of the day. The DJIA…
