Holiday Retail Sales Forecast to Rise 1% to 1.5%
High unemployment and economic anxiety will weigh on consumers, keeping sales well below last year's 4.1% gain, Deloitte says.
E-Commerce Posts 18.8% Holiday Season Gain
Retailers offered omnichannel sales earlier in the season, "meeting consumers’ demand for the best deals across all channels and devices."
Consumer Spending Rises 0.4% in November
“Despite the late start to the holiday season, U.S. consumers were in a festive mood, suggesting the backbone of the economy remains rock solid."
Holiday Season Weakness Hits Macy’s, Kohl’s
"The rising tide of the economy is not floating all retail boats,” an analyst says of the department store chains' disappointing sales growth.
Kohl’s Shares Dip 9% Despite Earnings Beat
The retailer has been one of Wall Street's hottest stocks this year but investors may be jittery over promotional spending for the holiday season.
U.S. Holiday Sales to Pass $1 Trillion Milestone
A report by eMarketer predicts a 6% surge to $1.002 trillion in holiday spending this year, the biggest gain since 2011.
Apple Shares Fall 6.5% on Disappointing Outlook
The company's revenue projection for the holiday season fueled concerns that slowing growth "could translate into a new growth paradigm.”
Sears Takes More Steps to Shore up Finances
If the refinancing effort is not successful, the company "will consider all other options" to maximize asset value.
Target’s Comp Sales Surge 3.4% Over Holidays
The Christmas period results give "some validation to Target’s expensive plan to improve stores, delivery logistics, and customer service."
FedEx Earnings Beat, Package Deliveries up 9%
The company predicts a record holiday season after strong domestic and international shipping demand over Thanksgiving.
Foot Locker Earnings Double in Third Quarter
The retailer posted a 4.7% increase in same-store sales and is "well on track" to meet its target of a mid-single digit gain for the year.