Tag Archive
Green Light For GameStop – US-FOREX.US
It’s a tough business if customers aren’t buying what you’re selling. This summer videogame sales have fallen sharply from last year, defying the prerecession assumption that the industry is growing so fast that nothing can stop it. Investors will get a look at the fallout when GameStop reports earnings on Thursday morning. The retailer is… »
Retailers Cut As Consumers Hold Back – US-FOREX.US
Economic indicators may point to gradual economic improvements but to consumers facing weak wages, default, unemployment and eroding asset values, there’s little comfort in a “less-bad” economy. With private consumption accounting for roughly 70% of U.S. economic activity, a recovery without the consumer doesn’t promise to be much of a recovery at all. The consumer… »
Retailers Cant Wait For School – US-FOREX.US
American shoppers can’t decide if they’re ready to spend again or should hold off on that new plasma screen in case they lose their job, their home or their life savings. Big retailers also can’t decide. They posted better July sales figures than some had expected but a mixed batch of second-quarter earnings. Today the… »
Consumers Trade Down – US-FOREX.US
Cash-strapped consumers are looking to get the most bang for their buck, forcing retailers to adapt to new spending habits, says Claire Gruppo, co-founder and managing director of investment bank and M&A firm Gruppo, Levey.”People aren’t comfortable paying for brands or an experience if they don’t feel it’s worth it,” Gruppo said, “and the trend… »
Emerging Rift Between Retailers – US-FOREX.US
Retailers are wielding the same weapons-clearances, cost-cutting and promotions-to rid stock rooms of excess inventory while keeping cash registers ringing. The results, however, have been mixed as discounters and moderately priced retailers continue to seize market share from luxury department stores.Buying behavior will come into focus on Thursday as retailers across the price spectrum report… »
Bargains As Bait – US-FOREX.US
Retailers know that this year the back-to-school season won’t be enough to get consumers back to shopping. Unemployment remains a focal concern as consumers keep spending limited to necessities – and the occasional bargain. As retailers gear up to report quarterly earnings, the market will be looking to see how stores plan on luring shoppers… »
Attention Retail Shoppers – US-FOREX.US
Sales may be down while unemployment is up but retailers are doing well, nonetheless. Since the start of the year the sector has walloped the broad market by a wide margin. The SPDR S&P Retail ETF
gained 55% since Jan. 1 while the S&P 500 is up just over 10%. Now, with the biggest retailers reporting… »
Profit Potential – US-FOREX.US
A surge in earnings among S&P 500 companies may keep the stock rally going into the fall. That’s what economist Steven Wieting of Citigroup believes could happen as industrial companies ramp up production to meet a rebound in demand. The S&P 500 is up 15% in the last four weeks and nearly 50% from its… »
Unilever Loses Profit Power – US-FOREX.US
Anglo-Dutch firm Unilever delivered what investors wanted on Thursday-a surprisingly good 2% rise in second-quarter volumes-but at what cost? The household goods company’s earnings sank 15% over the year, almost on par with rival Procter & Gamble’s disappointing profits drop, after it spent more on advertising and held back from hiking prices too much. Is… »
Pharma Wobbles Ahead For Reckitt – US-FOREX.US
Reckitt Benckiser has an answer for most consumers, whether it’s surface cleaners like Harpic or health products like Strepsils, but does it have an answer for its pharmaceutical division? The unit will lose exclusivity on its Suboxone heroin-addiction treatment in the United States later this year, and doesn’t seem to have a secret weapon to… »