Staples Inc reported third-quarter results that topped analyst estimates and forecast higher sales in the current quarter as trends improve at its North American retail business.
Dhanya SkariachanStaples Inc reported quarterly results that topped analyst estimates and forecast a sales rise in the current quarter as trends improve at its North American retail business.
Staples Inc reported quarterly results that topped analyst estimates and forecast a sales rise of 1 percent to 3 percent in the current quarter as trends improve at its North American retail business.
Investors took a dim view of holiday retail sales after a weak Black Friday weekend, with Amazon.com Inc one of the few stocks to rise on hopes it was gaining a greater share of consumer spending.
Investors took a dim view of early holiday season sales on Monday, with shares of Best Buy , Amazon and American Eagle Outfitters among the few positive performers on hopes they were gaining a larger share of consumer spending.
U.S. stocks edged higher in choppy trade on Monday on optimism over holiday retail sales and a stronger-than-expected report on Midwest business activity.
Consumers spent significantly less per person at the start of the holiday season this weekend, dimming hopes for a retail comeback that would help propel the economy early in 2010.
Holiday shopping online hit a record for Black Friday, several days before the retail industry-coined Cyber Monday gets underway, as more consumers said they used the web to seek deals.
Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to protect margins against tepid results.
Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to protect margins against tepid results.
Even before the U.S. economy headed south over a year ago, many U.S. women eschewed clothing purchases for themselves, given tight budgets, a clampdown on credit limits and merchandise that offered little dazzle.
Top U.S. booksellers Barnes & Noble Inc and Borders Group Inc will pay a price for coming late to market with electronic book readers, analysts said..
Up to 134 million U.S. consumers could venture out to shop for holiday gifts this weekend, although many are testing the waters for bargains before they commit, according to a new report.
Philippine power producer Energy Development Corp said on Tuesday it has raised 12 billion pesos ($255 million) from the sale of fixed rate bonds to refinance maturing debt.
As the economy shows signs of stabilizing, major retail brokers are increasingly comfortable with leaving the largest brokerage houses and setting out on their own, according to a company that provides services to the brokers.
U.S. commercial properties getting clobbered today are likely to hit bottom in 2010 then claw back a third or more of their lost valuations over three years, according to a report by Maximus Advisors.
The Canadian dollar was firmer on Monday ahead of key Canadian retail sales data, helped by stronger equity and commodity prices, including a record level for gold, and broad-based U.S. dollar weakness.
When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened, but even more bargain-hungry customers cross their thresholds.
When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.
The recent deep economic downturn has had a pronounced impact on commercial real estate sectors, but credit availability is the big unknown that will determine how soon commercial markets recover, according to the NATIONAL ASSOCIATION OF REALTORS®.
French retail and luxury group PPR is raising upto 1 billion euros ($1.5 billion) to cut group debt by listing its Africa-focused CFAO distribution business in Paris next month.
U.S. retail sales grew more than expected last month as vehicle purchases bounced back, but non-auto sales rose modestly, suggesting consumers remained too cautious to drive a robust economic recovery.
