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Target Earnings Top Estimates as Retailer Anticipates Strong Holiday Season

by | Nov 17, 2010 | Towing

Target reported Wednesday morning that net earnings grew 22.6% in the third quarter, beating estimates, as sales rose 3% and the company got a boost from its credit card business. The company also expects fourth quarter compara…

UPS Predicts 7.5% Jump in Holiday Season Shipping for 2010

by | Nov 16, 2010 | Towing

As UPS gears up for its busiest time of year by hiring about 50,000 temporary workers, the world’s largest package-delivery service said it expects to ship about 7.5% more packages this holiday season than it did a year ago.
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The New Retail Reality: More Shoppers but Spending More Cautiously

by | Nov 15, 2010 | Towing

It means more shoppers are in stores, but they’re also spending more carefully. That’s not necessarily bad news for the holiday season. It’s just that retailers have accepted they’ll have to work hard this year to keep register…

Business Inventories Rise 0.9%, Suggesting Stronger Growth Ahead

by | Nov 15, 2010 | Towing

In a sign that holiday sales season will be better than initially expected, business inventories rose 0.9% in September as companies re-stocked their shelves for the nation’s busiest shopping period. The increase also suggests …

Retail Earnings, Sales Tallies Hint at Mildly Merry Christmas for Stores

by | Nov 14, 2010 | Towing

The third-quarter earnings season got off to a reasonably positive start for retailers, with department stores hoping colder weather heats up holiday sales, even as shoppers continue to prefer discounts and generally hold back …

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