As retailers wrapped up their earnings reports this week, most said they’re back in cost-control mode and will tighten inventories after the holidays. Shoppers are still spending cautiously and costs are on the rise, so profits…
The nation’s three biggest department-store operators have been disproportionately pinched by the downturn in consumer spending. That’s what happens when you’re stuck in the middle of the retail-price spectrum during a period of sagging home values and lofty unemployment. [Video]
Continue reading Face-Off on Stocks: Macy’s, J.C. Penney, Kohl’s [Video]
Face-Off on Stocks: Macy’s, J.C. Penney, Kohl’s [Video] originally appeared on DailyFinance on Tue, 16 Nov 2010 17:50:00.
Filed Under: Investing, JC Penney, Macy’s, Stock Picks, Retail, Video, Stocks in the News, Market News, Streetwise
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 …
U.S. consumer spending grew about 7% in October from September, but remained down 5% from the same month last year, according to a Gallup poll released Thursday. The figures could indicate more financial comfort heading into th…
If expectations become reality, retailers will have a good holiday season this year. According to a report from the International Council of Shopping Centers on Wednesday, retailer optimism is at a three-year high.
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