Shoppers stay away and retailers report worst shopping month in decades
Retailers hoped to get a boost in November, partly due to Black Friday, the traditional start of the holiday shopping season that helps put stores in the "black" for the year.
But consumers - concerned about the economy, their jobs and shrinking
November proves dismal for retailers ??? except Wal-Mart
November was a dismal month for many of the nation?s top retailers, but Wal-Mart Stores Inc. managed a strong increase in sales.
The world?s largest retailer, Bentonville, Ark.-based Wal-Mart (NYSE: WMT) reported a 3.4 percent increase in its
Retailers see sales drop in dreary November
Retailers - with Wal-Mart the notable exception - limped through a miserable November that even a surge of shopping after Thanksgiving couldn't save, marking the weakest month since at least 1969 and deepening fears that the critical holiday period
Oil sinks to near 4-year low on news of massive job cuts
of the economy that is pressuring oil," said Phil Flynn, an analyst at Alaron Trading Corp. "People are waking up to the fact that there may not be much demand."
COLUMBUS, Ohio ? Oil prices fell today to levels last seen nearly four years ago as the
US retail sales figures confirm bleak outlook for consumers
The US consumer is in full-scale retreat, retailers confirmed today, as dire sales figures confirmed a bleak outlook for the peak shopping season.
Major retailers such as Macy's, Abercrombie & Fitch and GAP reported sales declines of more than 10% in
Overall November Same-Store Sales Fall 2.1%
No data currently available.
No data currently available.
Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw
Aeropostale reports a good quarter, but should you buy?
Youth-retailer Aeropostale (NYSE: ARO) had a much better third quarter than I thought it would have. I was expecting a lower earnings growth rate and a worse performance in terms of same-store sales. Diluted earnings per share actually rose over 30%,
Retailers see sales drop in dreary November
NEW YORK -- Retailers limped through a miserable November that even a surge of shopping after Thanksgiving couldn't save, making it the weakest month since at least 1969 and deepening fears that the critical holiday period could be the most dismal in
Oil sinks to near 4-year low on job news
Light sweet crude fell 95 cents to $45.84 on the New York Mercantile Exchange after tumbling close to $45. The last time crude traded that low was in February 2005 when oil hit $44.60 per barrel.
Also hitting new lows were average retail gasoline
Black Friday fails to stem U.S. sales drop
Most of the nation's stores kicked off the critical holiday shopping season with double-digit sales declines, portending more price cuts in December and raising questions about the long-term prospects for many retailers.
November sales figures released
