Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession.
A period of relative calm on Wall Street ended Thursday as stocks tumbled in the final hour of trading on growing investor anxiety about the government's November employment report.
November retail sales miss already-lowered expectations, echoing a familiar theme thats haunted U.S. retailers this year, as jittery consumers were pinched by the recessionary economy.
CINCINNATI (AP) - Department-store operator Macy's Inc. said Thursday that same-store sales fell 13.3 percent, hurt by fewer post-Thanksgiving shopping days during the period compared with last year.
Macy?s, Inc. (NYSE:M) today reported total sales of $2.327 billion for the four weeks ended Nov. 29, 2008, a decrease of 14.1 percent compared to total sales of $2.707 billion in the four weeks
I’m lucky. Or, at least I feel like I’m lucky. I don’t have to battle the lines, crowds, and traffic associated with holiday shopping. You see, I have several siblings that love to shop. So, with some careful planning I can deftly delegate all shopping off to each of them. I’m the idea guy. I come up with the gift – they get it.
As much as the holidays seem to put people in a good mood, they also seem to drive people crazy when making a trip to any retail store. It’s the yin and the yang...
We are entering the holiday season with the financial crisis still at large. With so much damage already done in the stock market, many stocks have become way undervalued. Value Investing is the best way to make money while hitting rock-bottom prices.
My mission was to find a few consumer-based stocks that are largely undervalued and will do well in the next 9-18 months. Although...
Investors occasionally use a stock trading technique called 'Buying Dividends,' which is the technique of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets.
If you are interested in buying dividends, there are many stocks in many different industries to choose from. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after...
The last five days has seen the biggest gain in the Dow and the S&P 500 since 1933; the S&P 500 closed over 12% higher on the week, and the Dow climbed 10%. Joe Terranova and Dennis Gartman felt hopeful that things were looking up, but Jeff Macke chimed in sarcastically that being a Socialist is good for a trade. He might buy GM and Citi on the short-term news of a bailout, although he expects the companies to eventually go bankrupt. Terranova warned that the beginning of December tends to...
We expect that when the final tally is taken this year measuring Black Friday business, it will present an illusion. We anticipate traffic measurements to be heavy, but for all the wrong reasons. So, be wary of the headlines that read, "Shopping Not So Dire. Stores Packed." Don't let such news lull you into thinking the retail share selloff or commercial real estate bearishness has been overdone. It has not.
Black Friday traffic can be misleading. Local news channels and newspapers will likely...
Cyber Monday seems to be gaining steam as a favorite holiday shopping day, with 26% of respondents intending to shop on the Monday after Thanksgiving, up from 20% saying so in 2007, according to a Maritz Poll, Retailer Daily reports.
However, 41% of respondents say they will still shop on Black Friday, the day after Thanksgiving, This is slightly more than the 37% who said so in 2007, Maritz found.
What does this Friday mean for the market? Since 1965, Black Friday has meant huge traffic jams and over-crowded stores and malls. This year may be a little different, as macroeconomic conditions become visible with smaller volumes and shorter lines, which of course mean more inventory that could eventually lead to a decline in retailers' profits.
Macy?s Inc. is capitalizing on its well-known ties to Christmas by launching an animated movie for the holidays. The retailer?s agency, Mediaedge, teamed with the animation studio Curious Pictures ...
Dec 04, 2008 (SmarTrend(R) News Watch via COMTEX) -- WMT | Quote | Chart | News | PowerRating -- Today, merchants announced their November sales figures, which despite a rise in shopping over the ...
Among the direct competitors, Cincinnati, Ohio-based Macy's, Inc. (M) reported total sales of $2.327 billion for November, a decrease of 14.1% compared to total sales of $2.707 billion in the same ...
There are apparently a multitude of choices available to those searching for an informative news outlet, a way to keep abreast of the latest trends in music and fashion, and those searching for a ...
CINCINNATI (AP) - Department-store operator Macy's Inc. said Thursday that same-store sales fell 13.3 percent, hurt by fewer post-Thanksgiving shopping days during the period compared with last ...
CINCINNATI--(BUSINESS WIRE)--Macy?s, Inc. (NYSE:M) today reported total sales of $2.327 billion for the four weeks ended Nov. 29, 2008, a decrease of 14.1 percent compared to total sales of $2.707 ...
By Danielle Novy Macy?s CEO says debt can be paid down ? Macy?s Inc. doesn?t plan to close many locations, CEO Terry Lundgren said in a Nov. 28 interview with Bloomberg Television, adding that the ...
NEW YORK (Associated Press) - Standard & Poor's Ratings Services on Monday affirmed its credit ratings for department store operator Macy's Inc., citing the company's "generally good operating ...
Macy's Inc.: The department stores' biggest marketing vehicle ? the 82nd annual Macy's Thanksgiving Day Parade in New York ? was a success. Wal-Mart: A 34-year-old worker in a Long Island store ...
by Casey Parks, The Oregonian OLIVIA BUCKS/THE OREGONIANFlutist Alyssa Hauser, 15, marches with Canby's Ackerman Middle School Marching Band. Macy's, seeking to cut the parade's length, had told ...
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