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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: retail sales

retail sales stories: 111 news summaries

41 - 60 of 111 Stories | << Prev 1 2 3 4 5 6 Next >>

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Concerned, NASCAR Watches Sponsors Downshift

Economy, viewership make advertisers shy away

Dec 8, 08 9:19 AM CST
(Newser) - The unthinkable is happening to NASCAR: Its ubiquitous sponsors have begun heading for the exits, setting up the unheard-of prospect of fans glimpsing a bit of car beneath all the corporate logos. The economic downturn is partly to blame, but falling viewership numbers have also contributed to sponsors' newfound hesitancy... More »

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golf • NASCAR • retail sales • advertising budgets • corporate sponsorship

 Retailers Post Worst 
 Month This Decade 

But Wal-Mart, other discounters profit from downturn

Dec 5, 08 7:46 AM CST
(Newser) - November was the worst month for retail in a decade, reports the Financial Times, as stores from Macy's to Abercrombie & Fitch posted double-digit falls in sales. Mid-market stores like Target posted worse-than-expected numbers, while department stores crashed. But giant Wal-Mart, leading a small number of discounters, managed to... More »

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retail • recession • retail sales • Target • Wal-Mart • economic downturn

MARKET Open

 Stocks 
 Go South 
 at Bell 

Dow down 150

Dec 4, 08 8:48 AM CST
(Newser) - Stocks took a modest dip at the open, amid a weak round of retail sales numbers and general economic pessimism. The Dow fell 81 points, while the S&P and Nasdaq dropped 1.3% and 1.4% respectively, the Wall Street Journal reports. Stocks started to the downside yesterday,... More »

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Dow Jones • Nasdaq • markets • retail sales • Bank of England • S&P 500 • Wal-Mart • AT&T

Shoppers Can't Halt Commercial Mortgage Crisis

Retailers will default, no matter how many sweaters you buy today

Nov 28, 08 9:02 AM CST
(AP) - Black Friday shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market. Hotels in Tucson, Ariz., and Hilton Head, SC, also are about... More »

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foreclosure • credit crisis • mall • retail sales • holiday shopping • commercialism • mortgage defaults • financial crisis

Downturn Derails Dell's Turnaround 

Cost-cutting kills off plans for flashy new product lines

Nov 28, 08 8:17 AM CST
(Newser) - Shifting consumer demand and the sagging economy spell trouble for Dell's turnaround strategy, the Wall Street Journal reports. Founder Michael Dell had been making progress since returning to the company last year with a two-pronged rescue plan, but weak sales mean his goals of cutting costs at the low end... More »

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Dell • Michael Dell • retail sales • Dell Inc • computer • personal computers • computer sales • financial crisis

MARKETS

 Retail Pummels Stocks;
 Dow Off 338 

Weekly declines inflated by Friday sell-off

Nov 14, 08 3:24 PM CST
(Newser) - Poor earnings dragged the markets down today, as consumers’ reluctance to spend continues to hammer firms reliant on discretionary spending, MarketWatch reports. The day's losses capped weekly declines of at least 5% for all the indices. The Dow fell 337.94 to close at 8,497. The Nasdaq lost 79.... More »

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Dow Jones • Nokia • Nasdaq • retail sales • S&P 500 • Abercrombie & Fitch • Kohl's • Nordstrom

MARKET Open

 Stocks Sink on 
 Record Retail Plunge 

Host of negative news hurts markets

Nov 14, 08 8:46 AM CST
(Newser) - Stocks tumbled at the open today, after a raft of negative news overshadowed yesterday’s big rally. The Dow fell 128 points, while the Nasdaq and S&P shed 2% and 1.8% respectively. The Dow shot up more than 500 points yesterday, but today brought a dismal quarterly report... More »

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stock market • NASDAQ • Dow Jones • Nokia • Sun Microsystems • Freddie Mac • retail sales • S&P 500

Cash-Strapped Shoppers Remember Layaway

No-interest credit appeals to consumers

Nov 10, 08 1:59 PM CST
(Newser) - With consumers strapped and credit short, retailers are reviving an older kind of financing: layaway. Although the arrangement was considered obsolete when Wal-Mart closed its layaway department in 2006, retailers such as TJ Maxx, Goody’s, Marshalls and the Burlington Coat Factory have moved to offer the service, especially as... More »

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retail • credit • credit crisis • retail sales • holiday shopping • Kmart • Wal-Mart • T.J. Maxx • financial crisis • layaway

 Staggering Slowdown 
 Hits Retail Sales 

Ominous sign of dismal holiday season

Nov 7, 08 6:04 AM CST
(Newser) - Retail sales plummeted last month ahead of the holiday shopping season—which threatens to be the worst in decades, the New York Times reports. The downturn ran the gamut from upscale department stores to shops like the Gap. Neiman Marcus saw a 28% drop compared with the same month last... More »

MORE ABOUT:
bankruptcy • recession • retail sales • retail stores • department stores • retail shopping

MARKETS

 Dow Off 400+ Again, Below 9K 

Worrisome news on retail, jobs sink stocks

Nov 6, 08 3:30 PM CST
(Newser) - Stocks added to yesterday’s deep declines with the major indices registering falls of 4%-5% today, MarketWatch reports. A string of poor retail reports soured confidence ahead of tomorrow’s October unemployment report, expected to be grim. The Dow fell 443.48, dropping below the 9,000 mark to 8,... More »

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Dow Jones • General Motors • unemployment • Nasdaq • retail sales • S&P 500 • oil prices • financial crisis

MARKET Open

 Retail Fears Drive Stocks Down 

Same-store sales weak in October

Nov 6, 08 8:51 AM CST
(Newser) - Stocks took a modest slide at the open today, thanks to dismal data from retailers. The Dow fell 57 points, while the Nasdaq and S&P dropped 1.1% and 0.9% respectively, the Wall Street Journal reports. Most retailers, with the notable exception of Wal-Mart, posted bleak same-store... More »

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stock market • Cisco • European Central Bank • retail sales • Bank of England • same-store sales • interest rate cut • retailers

Economic Squeeze Means Merry Christmas for Wal-Mart

Retailer expects blockbuster season as cash-strapped shoppers seek bargains

Nov 6, 08 3:33 AM CST
(Newser) - Wal-Mart is readying for bumper sales while most US retailers brace themselves for a miserable holiday season, the New York Times reports. Squeezed consumers are flocking to the discount chain as the economic downturn begins to bite. The firm is expected to report a modest increase in sales for October,... More »

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retail • retail sales • Christmas • chain stores • holiday shopping • Wal-Mart

 Wary Consumers Spell 
 Trouble for Retailers 

71% miss projections, worst showing since September of 2000

Oct 9, 08 4:42 PM CDT
(Newser) - With the holiday season looming, retailers' only hope may be a genuine Christmas miracle. In reports on last month's business, 71% of retailers missed sales and profits estimates, making it the worst September since data collection began in 2000, MarketWatch reports. Experts widely attributed the dismal numbers to the struggling... More »

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consumer confidence • recession • consumer spending • credit crisis • retail sales • clothing • retail businesses • September

Wal-Mart Launches $10 Toys, Stores Vow 'This 'R' War'

Rivals match Wal-Mart price cuts as retailers target cash-strapped shoppers

Oct 9, 08 5:39 AM CDT
(Newser) - Toy retailers have commenced a fierce price war as a particularly tough holiday season bears down upon them, the Wall Street Journal reports. Wal-Mart cut prices to $10 on key toys including Barbie and Hot Wheels last week, a move quickly mirrored by rivals KB Toys and Target. Toys 'R'... More »

MORE ABOUT:
toys • price war • Toys 'R' Us • retail sales • Target • holiday shopping • Wal-Mart

American Consumers Stop Spending: 'They All Feel Poor'

Unending bad news has sent consumer confidence reeling

Oct 6, 08 7:34 AM CDT
(Newser) - Consumers, hit by a tsunami of economic bad news, have dramatically cut back spending in recent weeks, on everything from clothes to cars to airline travel to dining out, reports the New York Times. The slowdown all but guarantees a drop in consumer spending for the third quarter, the first... More »

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restaurant • consumer spending • retail sales • auto sales • home values

 Outlets Keep 
 Luxury Stores Afloat 

No frills, but great prices, greet customers at outlets, which are a growth sector

Sep 24, 08 5:25 PM CDT
(Newser) - In a stagnant economy, luxury retailers are opening off-price outlet stores at a faster clip, drawing in customers with sale prices they’d never see at a flagship, BusinessWeek reports. Including such names as Saks, Nordstrom and Coach, a trend is emerging: While visits and sales at boutique stores... More »

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luxury goods • retail sales • clothing • Saks • Nordstrom • financial crisis • retail outlet • Coach

99 Cents Only Hikes Prices, But Only by 0.99 Cent

Discount chain follows 2 bum quarters with extra 99% of a penny

Sep 9, 08 2:52 PM CDT
(Newser) - The store where nothing costs more than 99¢ has become the store where nothing costs more than 99.99¢, reports the LA Times. The top price at 99 Cents Only will go up by 99/100 of a penny this month, say executives at the discount chain, who blame inflationary pressures.... More »

MORE ABOUT:
inflation • retail • retail sales • chain stores • price increases • discounts • retailers • 99 Cents Only

Plains States See Boom,
But Await Bust

Strong farming economy highlights nationwide differences

Aug 20, 08 2:33 PM CDT
(Newser) - Driven by rising food prices and farmers’ access to loans, the Plains states are a bright economic spot amid the nationwide slump, the Washington Post reports. Farm country was able to avoid the housing bust because it also avoided the boom. And retail space is filling up as consumer... More »

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farmland • retail sales • food prices • farm • fuel costs • feed prices • bust • farmers • bubble

(Newser) - Chocolate maker Hershey said today it is raising prices by about 10% to offset the new costs of ingredients, Reuters reports. Commodities like cocoa and peanuts are up between 20% and 45%, it said, yet one analyst called the price hike a "real surprise." The candy giant also... More »

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The Hershey Company • chocolate • candy • retail sales • food prices • price increases • commodities

EARNINGS REPORT

 Wal-Mart Profits Surge 17%

Retailers ups its outloo for the year after another strong quarter

Aug 14, 08 7:57 AM CDT
(Newser) - Wal-Mart's second-quarter profits surged 17%, spurred by bargain-hunting shoppers and tax-rebate checks, reports Bloomberg. The world’s largest retailer also revised its full-year estimates upward, while cautioning that rising energy and food costs make the outlook more volatile from week to week. The company said its net income rose to... More »

MORE ABOUT:
earnings reports • retail sales • tax rebate • Wal-Mart • earnings forecast

41 - 60 of 111 Stories | << Prev 1 2 3 4 5 6 Next >>


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