Retail sector limps through June
NEW YORK After yet another weak month, retailers are preparing to fight for their share of crucial back-to-school shopping. But they may have to keep discounting to keep consumers coming in, given escalating job uncertainty.
Particularly worrisome in
Weak June sales raise concerns
...escalating job uncertainty. Particularly worrisome in yesterday?s same-store sales reports: Mall-based teen stalwarts such as Abercrombie & Fitch were among those hit hardest as families looked for bargains. ?We don?t see signs of recovery. This is not going...
Briefcase: Jul. 10, 2009
WIRE REPORTS
NEW YORK
Commodities, bank stocks lift market
Investors are finding some appetite for risk after a jittery week.
Stocks edged higher Thursday, with all the major indexes rising in the single digits. Investors encouraged by
BoF Daily Digest | Internet private sales, Couture endures, Neiman Marcus still down, Mass fashion retailers struggle
Designer Bargains, for the Invited (WSJ)
?Online retail startups that specialize in ?private sales? of discount designer apparel are gaining traction in the U.S. and, armed with fresh venture capital, plan to branch into new businesses.?
Couture houses
Retailers report weak June sales
Discount chains have benefited from shoppers trading down to more-affordable stores.
While shopping for sandals at a Ross store in Pasadena this week, Yesenia Lira, a social worker from Monterey Park, said she no longer shopped at stores such as
At End of Day, Shares Manage to Turn Higher
Traders hit the pause button on Thursday as they confronted a murky jobs report and reports of weak retail sales, The New York Times?s Jack Healy reported.
Stocks have been falling in recent weeks as investors anticipate another decline in profits from
More than Just a Relief Rally?
For the first half of this week, foreign exchange traders were very pessimistic and Wednesday they expressed their pessimism by driving all of the major currency pairs sharply lower. After such a depressing move, a relief rally is normal and expected.
Retailers ready for school shopping?
After yet another weak month in June, retailers are preparing to fight for their share of crucial back-to-school shopping. But they may have to keep discounting to keep consumers coming in, given escalating job uncertainty.
Mall-based teen stalwarts
Layoffs slow, but jobs scarce
WASHINGTON Even though new claims for jobless benefits fell more than expected last week, dipping below 600,000 for the first time since early January, the number of Americans seeking this safety net points to an economy that is still very
Thrift stores thriving as traditional retailers suffer
is up from 6.3 percent in 2006, according to NorthMarq, a Bloomington commercial real estate firm.
customers.
Peter Dang, 7, of Burnsville, finds a miniature violin for sale at the Goodwill store in Eagan. Powered by bargain shoppers, Goodwill
