retail sales

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Dow Up 56 on Bernanke, Retail
 Dow Up 56 on Bernanke, Retail 
MARKETS
Sep 15, 2009 3:22 PM CDT

Dow Up 56 on Bernanke, Retail

'Clunkers' boosts sales, NY manufacturing up

(Newser) - Stocks posted solid advances after Ben Bernanke said it was “very likely” that the recession is over, the Wall Street Journal reports. Economic reports showed retail sales gaining 2.7% last month, largely because of the “Cash for Clunkers” program, while the Fed’s index of NY manufacturing...

Toys R Us Pumped Up for Holiday Offensive

Chain plans to open 80 temporary stores in time for holiday shopping season

(Newser) - Toys R Us is getting ready to go on the offensive in the battle for holiday sales, the Washington Post reports. The company—which snapped up the KB Toys and FAO Schwarz brands earlier this year—plans to open 80 temporary "Holiday Express" stores in malls across the country,...

Beer Prices Going Up
 Beer Prices Going Up 
Aug 25, 2009 4:23 PM CDT

Beer Prices Going Up

(Newser) - The nation’s largest brewers plan to raise beer prices in the fall, the Wall Street Journal reports. Anheuser-Busch InBev—maker of Budweiser—and MillerCoors will further test the notion that beer is generally recession-proof. “The environment is very favorable, we think,” says an Anheuser exec. Both companies...

Lousy Retail Sales Will Delay Recovery

Recession isn't over as far as consumers are concerned

(Newser) - If the recession is indeed waning, nobody told consumers. Retailers of every kind reported lousy sales for the quarter ended Aug. 1, the Wall Street Journal reports. Target’s same-store sales fell 6.2%, Home Depot’s dropped 9.1% and Saks’ plummeted a whopping 15.5%. And with unemployment,...

Retail Gains Drive Dow Up 83
 Retail Gains Drive Dow Up 83 
MARKETS
Aug 18, 2009 3:15 PM CDT

Retail Gains Drive Dow Up 83

Signs of life from the consumer help stocks rebound

(Newser) - Positive retail reports helped get stocks back on track today after recent declines, the Wall Street Journal reports. Home Depot, Target, and Saks saw smaller-than-expected declines in quarterly profit, while discount chain TJX reported a 31% gain. The Dow rose 82.60 to close at 9,217.94. The Nasdaq...

Back to School Sales in Slump
 Back to School Sales in Slump 
Aug 15, 2009 5:20 AM CDT

Back to School Sales in Slump

(Newser) - Retailers are seeing the slowest back-to-school season in many years as consumers cling to their cash, the New York Times reports. Estimates on sales, an early indicator of how stores will fare in the holiday season, show declines of 3 to 8% from last year, which saw a 1% increase....

Retail Sales Curb Rally; Dow Climbs 37
 Retail Sales Curb Rally; 
 Dow Climbs 37 
MARKETS
Aug 13, 2009 3:20 PM CDT

Retail Sales Curb Rally; Dow Climbs 37

July retail sales negative despite 'Cash for Clunkers'

(Newser) - A drop in retail sales reported today cooled off yesterday’s post-Fed-meeting rally, the Wall Street Journal reports. Stocks ended with modest gains as the Commerce Department reported a 0.1% drop in July retail sales despite increased car sales under the “Cash for Clunkers” program. The Dow rose...

Sales of Men's Undies Rebound With Economy

Analyst sees hope in unusual indicator's promising numbers

(Newser) - Amid mixed reports about recession and economic recovery, here's a bright spot: Men’s underwear sales are on the rebound. Believe it or not, that's a reliable indicator, because selling unmentionables is “such a need-based business that it really is a good indication that the consumer hasn't checked...

Ho-Ho-Hold on a Minute, Xmas in July?

Stores launch summer promotions to snag holiday dollars early

(Newser) - It's beginning to look a lot like Christmas in malls across the country as stores angle for some extremely early holiday dollars, the Wall Street Journal reports. Retailers like Toys'R'US, Sears and Kmart have dragged Santa away from his summer break and launched July Christmas promotions, hoping to boost sales...

Desperate in July, Sears Looks to Santa for Bailout

(Newser) - Sears is taking the “Christmas in July” trope to a whole new level. With June retail sales tumbling, the company is looking for a boost by selling actual Christmas products, Time reports. Soon, 372 Sears stores will roll out displays hawking tree ornaments, stocking stuffers, and other decidedly off-season...

Dow Up Only 28 Despite Strong Data
 Dow Up Only 28 
 Despite Strong Data 
MARKETS
Jul 14, 2009 3:14 PM CDT

Dow Up Only 28 Despite Strong Data

US retail sales up 0.6% in June, but investors show caution

(Newser) - Stocks wavered in a narrow range today before closing with modest gains, the Wall Street Journal reports. Though Goldman Sachs posted a quarterly profit way beyond expectations and the Commerce Department reported that US retail sales rose 0.6% last month, investors’ reaction was muted. The Dow rose 28 points...

How Fluffy Towels May Point to Economic Recovery

(Newser) - Everyone's reading tea leaves to figure out where the economy's headed, and Time finds reason for hope in something it calls the "Bed, Bath & Beyond barometer." The retailer's profits were up in the first quarter, and same-store sales weren't as bad as expected. This is especially...

Stocks Plunge as Retail Sales Disappoint
 Stocks Plunge 
 as Retail Sales 
 Disappoint 
MARKET Open
May 13, 2009 8:49 AM CDT

Stocks Plunge as Retail Sales Disappoint

(Newser) - Stocks sunk swiftly at the open after disappointing sales reports from retailers. The Dow tumbled 160 points, while the Nasdaq and S&P fell 1.5% and 2.1% respectively. Retail sales were down a more-than-expected 0.4% in April, from a revised-downward 1.3% drop in March. RealtyTrac also...

Filene's Basement Files for Chapter 11

Plans to sell 17 of 25 stories for $22M

(Newser) - Filene’s Basement filed for Chapter 11 bankruptcy today, the Wall Street Journal reports. The bargain clothing store has struggled in an “increasingly competitive discount retail market,” court papers said. The chain plans to sell 17 of 22 locations to real-estate investors Crown Acquisitions, though it will still...

Major Companies Believe a Rebound Cometh

Firms split on whether the bottom has been reached

(Newser) - Some major companies are slowly becoming optimistic about the economy again, the Wall Street Journal reports. Delta Airlines says seat sales are almost at the level they were a year ago and United Technologies says its decline in orders is stabilizing. Intel is among the most upbeat, saying "the...

Old Days&mdash;Good and Bad&mdash;Are Back: Noonan
Old Days—Good and Bad—Are Back: Noonan
OPINION
Apr 17, 2009 10:36 AM CDT

Old Days—Good and Bad—Are Back: Noonan

In slump, simple pleasures are chic as traditional values gain

(Newser) - Reading about a Michigan family that shed modern excess in favor of a self-sufficient farm life didn't strike Peggy Noonan as shocking in these economic times. Her fellow New Yorkers have already begun responding to the same forces, causing Noonan to predict the rise of "a certain authenticity chic,...

Designers Fight Store Discounts
 Designers Fight 
 Store Discounts 
analysis
Apr 16, 2009 9:33 AM CDT

Designers Fight Store Discounts

Sales scare away brand loyalists, they say

(Newser) - Department-store sales may woo bargain shoppers, but they turn off the high-end base luxury designers cater to, Christina Binkley writes in the Wall Street Journal, and cut into those designers’ profits and brand control. Discounts last Thanksgiving set off a chain reaction that collapsed high-end retail’s pricing structure. “...

Stocks Slump on Retail Data
 Stocks Slump on Retail Data 
MARKET Open
Apr 14, 2009 8:48 AM CDT

Stocks Slump on Retail Data

(Newser) - Stocks fell at the open today, as a surprisingly bad retail report overshadowed a strong quarter from Goldman Sachs. The Dow fell 55 points, while the S&P and Nasdaq slid 4.3 and 14.1 points respectively. Retail sales fell 1.1% last month, while inflation fell faster than...

March Retail Sales Show Surprise 1.1% Drop

Blow to hopes that economy has hit trough

(Newser) - Retail sales fell unexpectedly in March, delivering a setback to hopes that the economy's steep slide could be bottoming out. The Commerce Department cited a 1.1% drop, the biggest decline in 3 months and a much weaker showing than the 0.3% increase that analysts expected. Falling auto sales...

It's Snuggie Time, America
 It's Snuggie Time, 
 America 

opinion
Mar 15, 2009 5:36 PM CDT

It's Snuggie Time, America

How one reporter went from skeptic to snuggler

(Newser) - The "Snuggie phenomenon" has blossomed into romance for one New Yorker who ordered a few and fell hard. "Like all relationships, it's hard to chart how this one started," writes Kurt Soller in Newsweek. He ordered two Snuggies and four Slankets—both blankets with sleeves—and...

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