Jon OggThis week marked the beginning of the end of earnings season, and stocks challenged all-time highs yet again. Investors and traders are looking for how to position themselves for 2014. Each…
ThinkstockLast year consumers spent an average of $786 on holiday gifts, but if the latest poll from Gallup is correct they’ll be sitting on the wallets this year. Americans say they plan…
courtesy Wal-Mart Stores Inc.Wal-Mart Stores Inc. (NYSE: WMT) reported third-quarter fiscal 2014 results before markets opened Thursday morning. The retailing giant posted diluted earnings per share (EPS) of $1.14 on revenues of…
courtesy Wal-Mart Stores Inc.Holiday shoppers are expected to spend about 3.9% more this year than they did last year, according to a National Retail Federation estimate. And in order to facilitate the…
courtesy of TargetTarget Corp. (NYSE: TGT) said Monday morning that it plans to open its stores at 8 p.m. on Thanksgiving Day, an hour earlier than it has opened in the past.…
courtesy J.C. Penney Co. Inc.Struggling retailer J.C. Penney Co. Inc. (NYSE: JCP) has started what it is billing as “Our Biggest Sale of Them All” and plans to run it through Saturday,…
ThinkstockThe world’s largest toy seller, Toys”R”Us, announced on Wednesday afternoon that it had hired interim CEO Antonio Urcelay as its permanent CEO. The company also hired Hank Mullany as President of its…
courtesy of Wal-Mart Stores Inc.As the holiday season approaches, retailers are preparing for the busiest shopping time of the year by increasing their workforces. Five of the nation’s largest retailers will add…
courtesy J.C. Penney Co. Inc.So far this year, J.C. Penney Co. Inc. (NYSE: JCP) has borrowed about $3 billion to buy its way out of the hole it dug for itself under…
ThinkstockMajor U.S. retailers are announcing their hiring plans for the coming holiday shopping season, and the first two announcements have come in below last year’s totals. Kohl’s Corp. (NYSE: KSS) said last…
ThinkstockRetail sales during the 2013 holiday shopping season are forecast to rise by 2.4%, but store traffic is expected to decline by 1.4% from year-ago levels. Compared with last year’s sales gain…
ThinkstockRetailers are announcing August same-store sales figures today. Research firm Retail Metrics projected an overall gain of 3.2% year-over-year, compared with a 4.2% gain in July and a 4.3% gain in June.…
ThinkstockSo far this earnings season U.S. retailers haven’t put up a very good show. Retailers that have already reported results said that customers had become cautious again during the quarter and same-store…
ThinkstockU.S. railroads moved nearly 260,000 intermodal units (containers) in the week ended August 10. That is a 6.1% increase over the same week a year ago, and it is a hopeful sign…
ThinkstockNordstrom Inc. (NYSE: JWN) reported second-quarter 2013 results after markets closed on Thursday. The department store chain posted quarterly diluted earnings per share (EPS) of $0.93 on revenues of $3.1 billion. In…
