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.…
The major US stock indexes opened significantly lower this morning as investors reacted to the surprise loss of $2 billion by JPMorgan Chase & Co. (NYSE: JPM) disclosed by the bank’s CEO…
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…
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…
Department store firm Dillard’s Inc. (NYSE: DDS) has increased its stock repurchase program by $250 million. The company said it still has $27.5 million left in its previous share buyback program. Yesterday…
Paul Ausick After a flat opening this morning, markets turned down before reversing course in mid-morning to return to positive territory, where they spent the rest of the day. A good report on new…
US retailers are reporting December same-store sales today, and here’s a wrap-up of the results as of about 10 a.m. this morning. Reports were in from Costco Wholesale Corp. (NASDAQ: COST), Target…
Retailers are reporting November sales this morning and the results are decidely mixed. The best report we’ve seen so far this morning is from Limited Brands, Inc. (NYSE: LTD) and the worst…
These are some of Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Apple Inc. (NASDAQ: AAPL) Reiterated Outperform and $500 target at Credit Suisse. CIGNA Corp. (NYSE:…
The markets got off to a strong start this morning, and stayed that way throughout the day. The dollar weakened against the euro and yen as currency traders seem to believe that…
Crude oil is at $98.03, up 0.26% Gold is at $1,763, up 0.21%. Hong Kong’s Hang Seng closed up 0.91% to 19,137. Japan’s Nikkei closed higher by 0.16% to 8,514. The U.S. 10-year is at 2.05%, down 0.o1%. The FTSE…
Filene’s Basement and parent company Syms declared bankruptcy recently. The situation is so grim that Syms will shutter all 46 locations, and 2,500 employees will lose their jobs. The company, founded in…
A couple of weeks ago we looked at implied share price gains at several retailers, and today we’ll take a more focused look at mall anchor stores. Three retailers from our previous…
Retail sales for the coming holiday season are expected to be about 3% higher than 2010 sales. Not bad, considering that US GDP growth predictions are now below 2%; not good, either,…
