Getting Dissed? on General Growth Properties
Somebody decided to call me out on my General Growth thesis and did so by putting me in the same sentence as Goldman Sachs (GS) and Bill Ackman. Can?t decide to argue with or thank them?.I?ll do both.
Now full disclosure: This site is the same site
Shoppers showing signs of life
NEW YORK -- The nation's stores saw their first sales gains in 14 months in September, a sign of life from shoppers that fuels some hope for the holiday shopping season.
A late Labor Day and delayed school openings helped boost back-to-school sales in
Retailsales rise;analystscautious?
An index released Thursday that gauges retailers? sales compared with a year ago posted its best showing in more than a year.
The Thomson Reuters Same Store Sales Index posted a 0.6 percent increase in September, beating expectations of a 1.1 percent
THURSDAY'S MARKETS / WHAT HAPPENED
( U p) Base metals propel TSX Canadian stocks extended recent gains, led by base metals mining companies, after Alcoa Inc. posted an unexpected profit and said demand for aluminum is improving. Teck Resources gained 6.9 per cent as prices for aluminum,
Retail sales stabilize
Retailers reported better-than-expected sales for September, boosting hopes that the holidays won't be as dreary as forecast. Major chains surprised Wall Street with a slight monthly increase in same-store sales -- sales at stores open at least a year.
Wall St gains as Alcoa's profit bolsters optimism
...regaining their ability, and desire, to spend again. Store chains such as Macy's Inc (M.N) rose 5.1 percent to $19.53 and Abercrombie & Fitch Co (ANF.N) gained 5.5 percent to $34.46. Kohl's Corp (KSS.N) rose 2.4 percent to $59.97. The Standard & Poor's Retail...
Jobless claims hit 9-month low, retail sales rise
WASHINGTON (Reuters) - The number of U.S. workers filing new jobless claims hit a 9-month low last week, and retailers posted their first monthly sales gain in over a year, easing fears recovery from recession would be unsustainable.
The Labor
Macy's, Home Depot, Alcoa Lead Gainers
By Donna Kardos Yesalavich Stocks rose Thursday as Alcoa kicked off the earnings season on a positive note, while Macy's, Home Depot and other discretionary stocks climbed on retailers' first collective same-store sales gain since August 2008.Still,
Sept. Retail Sales Blow Out Forecasts; Apparel, Value Chic
Retailers hit a home run in September, reporting same-store sales Thursday that smashed views and rose for the first time in more than a year. That raised hopes that the Grinch will stay out of the malls this holiday season.
Sales at stores open at
Retail uptick spurs optimism
U .S. retailers are showing tentative signs of life, but it's still a far cry from the frenzy at the mall that prevailed before the recession. Some of the country's top retailers reported their first sales gains in months in September, including Limited
