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July 24, 2008 11:53:22 PM CDT

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Stories related to: retail sales

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  • June 2008

    • Oil Reversal Stymies Rally

      newser  |  MarketWatch  |  Jun 12, 08 3:45 PM CDT

      Oil Reversal Stymies Rally

      A stock rally lost steam after oil reversed an early decline and finished up slightly at $136.74 a barrel, Marketwatch reports. Investors had earlier turned bullish on an unexpectedly strong retail report and crude prices of $131.55. The Dow ended up 57.81 points, at 12,141.58, after being up 185 points earlier. The Nasdaq climbed 10.34 points to 2,404.35, and the S&P 500 climbed 4.38 points to 1,339.87. More »

      Tags

      stock market  • S&P 500  • Nasdaq  • oil price  • Dow Jones Industrial Average  • retail sales  • Benchmark crude futures

    • Most Returned Electronics Aren't Broken

      newser  |  PC World  |  Jun 3, 08 6:30 PM CDT

      Most Returned Electronics Aren't Broken

      Just 5% of the electronics that consumers return to stores actually don’t work, though often the buyers believe they’re broken, a new study says. In 68% of cases, “they thought it was defective when it wasn't, or there was an expectation gap,” an executive of the firm releasing the study told PC World . US electronics returns cost $13.8 billion in 2007. More »

      Tags

      retail sales  • retail  • consumer electronics  • consumer products

  • May 2008

    • Ditching TV Ads Helps Put Gap Back on Track

      newser  |  Advertising Age  |  May 27, 08 10:27 AM CDT

      Ditching TV Ads Helps Put Gap Back on Track

      The Gap's balance sheet is back in the black, helped along by its decision to stop spending on TV ads, Advertising Age reports. The clothing retailer slashed marketing spending by nearly a fifth in the first quarter and saw profits leap 40%, even as sales slumped. The Gap has switched its focus to merchandising initiatives instead. More »

      Tags

      advertising  • retail sales  • marketing  • retail  • clothing  • TV advertising  • Gap  • advertising budgets

    • GameStop Axes Zune; Microsoft Shrugs

      newser  |  TheStreet  |  May 23, 08 7:22 PM CDT

      GameStop Axes Zune; Microsoft Shrugs

      GameStop, a national chain of video game stores, has announced it will no longer carry Microsoft’s floundering Zune digital media player, TheStreet.com reports. "We have decided to exit the Zune category because it just did not have the appeal we had anticipated," a spokesman said of the iPod competitor, on shelves since late 2006. Microsoft seemed unfazed. More »

      Tags

      Microsoft  • Apple  • retail sales  • iPod  • Zune  • mp3  • portable media players  • GameStop

    • Home, Retail Sales Keep Sliding

      newser  |  Bloomberg  |  May 13, 08 11:36 AM CDT

      Home, Retail Sales Keep Sliding

      The housing market continued to plunge in the first quarter of 2008, as single-family sales dropped 22% from their year-ago pace, to 4.95 million annually. Bloomberg reports that the median home price is off 7.7% from a year ago, to $196,300, as foreclosed properties drag down values. Meanwhile, US retail sales were off in April, mainly because of a big drop in autos. More »

      Tags

      recession  • housing market  • economy  • retail sales  • home prices  • home sales  • housing sector

    • Markets See Gains From Retail

      newser  |  Wall Street Journal  |  May 8, 08 3:23 PM CDT

      Markets See Gains From Retail

      The markets achieved solid gains today as better-than-expected sales from big-box discount retailers encouraged investors worried over oil prices still in record territory, the Wall Street Journal reports. The Dow gained 52.43 to close at 12,866.78, while the Nasdaq rose 12.75 to 2,451.24. The S&P 500 rose 5.11, settling at 1,397.68. More »

      Tags

      S&P 500  • Nasdaq  • oil price  • Dow Jones Industrial Average  • Wal-Mart  • retail sales  • commodities

  • April 2008

    • Haggling Makes a Comeback

      newser  |  Los Angeles Times  |  Apr 15, 08 7:05 AM CDT

      Haggling Makes a Comeback

      Many shoppers might consider haggling a buying technique better suited to a Moroccan carpet bazaar than their local mall, but the practice is picking up steam in the US in the midst of increasing economic woes, reports the Los Angeles Times . Cash-strapped consumers are trying to create bargains rather than hunt them down, and retailers stuck with unsold stock are giving sales staff more leeway to cut deals. More »

      Tags

      retail sales  • consumer  • shopping  • retail shopping  • retailing  • negotiation  • shoppers

    • Stocks Seesaw, Close Down

      newser  |  MarketWatch  |  Apr 14, 08 3:34 PM CDT

      Stocks Seesaw, Close Down

      Stocks wobbled today, eventually posting modest losses as investors still processing GE’s poor results absorbed Wachovia's unexpected losses and steeled themselves for more disappointment from first-quarter earnings reports. The Dow ended the day down 23.36 at 12,302.06, the Nasdaq dropped 14.42 to 2,275.82, and the S&P 500 fell 4.51 to 1,328.32. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones Industrial Average  • retail sales  • gas  • General Electric  • Wachovia  • first quarter earnings

    • Gas Fuels US Retail Sales, Up 0.2% in March

      newser  |  Bloomberg  |  Apr 14, 08 10:25 AM CDT

      Gas Fuels US Retail Sales, Up 0.2% in March

      US retail purchases rose in March by 0.2%, pushed up by higher prices at the gasoline pump, Bloomberg reports. Purchases excluding gasoline were unchanged, and consumer spending is still on its way down, causing investors to think that the Federal Reserve might again look to cut interest rates—despite worries about rising inflation. More »

      Tags

      gas prices  • retail sales  • consumer spending

    • Linens 'n Things to Go Bust

      newser  |  Wall Street Journal  |  Apr 11, 08 6:50 AM CDT

      Linens 'n Things to Go Bust

      Linens ‘n Things ls expected to file for Chapter 11 by Tuesday, the deadline for a $15-million quarterly debt payment, the Wall Street Journal reports. The move would make the home-furnishings giant the first major retailer sunk by the housing crisis, after bloated debt and plummeting demand handed the New Jersey company $242 million in losses last year. More »

      Tags

      retail sales  • retail  • bankruptcy  • retail stores  • Chapter 11  • Linens 'n Things

    • Techs Stand Tall in 'Relief Rally'

      newser  |  Wall Street Journal  |  Apr 10, 08 3:34 PM CDT

      Techs Stand Tall in 'Relief Rally'

      Stocks rallied despite a generally unfavorable climate today on positive news from Intel and Wal-Mart, though, with the exception of the Nasdaq, failed to hold on to session highs. The Nasdaq rose 29.58 to close at 2,351.70. The Dow, up triple-digits during the session, ended 54.72 higher at 12,581.98; the S&P 500 gained 6.06 to close at 1,360.55. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Wal-Mart  • Intel  • retail sales  • first quarter earnings

    • March Retail Sales Fall Flat

      newser  |  Wall Street Journal  |  Apr 10, 08 11:29 AM CDT

      March Retail Sales Fall Flat

      Retailers’ same-store sales were flat in March, due in part to an early Easter, the Wall Street Journal reports. The Thomson Financial Same Store Sales Index, projected to sink 0.1%, fell 1.1%, excluding Wal-Mart. Shoppers weren’t ready to buy for spring on the heels of winter, store closings for the holiday reduced sales, and consumer sentiment his a five-year low amid still-rising fuel prices. More »

      Tags

      gas prices  • Wal-Mart  • retail sales  • Target  • Easter  • Costco  • same-store sales  • Gap  • Thomson Financial Same Store Sales Index

    • Book Publisher Takes Stab at New Model

      newser  |  Wall Street Journal  |  Apr 4, 08 2:46 PM CDT

      Book Publisher Takes Stab at New Model

      HarperCollins has decided to rock the book-publishing boat, the Wall Street Journal reports. It’s launching a new imprint that won’t allow retailers to return unsold books—a potentially risky departure from tradition—and will offer little or no advance payments to authors. The imprint will focus on online sales and likely refuse to pay for prime bookstore real estate. More »

      Tags

      book  • retail sales  • publishing  • online retailers  • HarperCollins  • Borders  • Internet sales

  • March 2008
  • February 2008

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