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Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc .Wal-Mart reported a 1.4 percent drop in sales at Walmart U.S. stores open at least a year, and gave a profit forecast for the second quarter that missed Wall Street estimates. The world's largest retailer expects same-store sales at its namesake U.S. discount chain to be up 2 percent at best in the current quarter.Kohl's Corp , a department store chain that caters to lower-to-middle income families, posted a 1.9 percent decline in same-store sales. Last week, J.C. Penney Co Inc , dealing with some self-inflicted problems, said its same-store sales fell 16.6 percent. Dillard's Inc reported a 1 percent increase."We are seeing some weakness amongst our more budget-conscious, what we call deal-hunting, customers," Macy's Chief Financial Officer Karen Hoguet told analysts this week.Macy's ...
Fear of falling off the fiscal cliff at year-end is prompting numerous companies to declare special dividends, an effort to avoid potential tax increases set to take...
Costco Wholesale Corp. (COST) will use proceeds from a $3.5 billion debt offering to pay a $7 special dividend, saying the move is preferable to using cash on hand b...
FBN's Robert Gray on why companies are paying out special dividends before the new year.
Insiders may sell shares for any number of reasons, but there is really only one reason insiders buy shares of a company -- they believe the stock price will move hi...
Tom Lydon, ETFTrends.com publisher and Global Trends Investments president, on how to make smart investments this holiday season.
Recycled products creates jobs
Companies often tout their workplaces as an inviting environment for employees. Yet many are far from it, and employees at many of America's largest corporations dis...
These nine stocks hit 52-week highs:While trading on below-average volume, Seagate Technology (NASDAQ:STX) went up today, reaching and then surpassing its previous 5...
These are stocks that are up on high volume today:Today, Exelixis (NASDAQ:EXEL) is up on high volume, trading at a volume of 44.2 million, or 11 times its average da...
These are the nine most popular stocks that rose to 52-week highs:The share price of Sprint Nextel (NYSE:S) climbed today, reaching and then surpassing its previous ...
The Services sector (IYC) showed little change during trading today while the S&P 500 rose 0.8%.The ETF, as a proxy for the sector, tracked closer to the overall mar...
During trading today, the Services sector (IYC) showed little change while the S&P 500 fell 1.5%.Media General (NYSE:MEG) rose 33.1% to close at $4.18, cross its 50-...
Among the companies with shares expected to actively trade in Thursday's session are Cisco Systems Inc. (CSCO), Wal-Mart Stores Inc. (WMT) and Kohl's Corp. (KSS).Cis...
Jones Group Inc , the fashion company that owns retail chains Nine West and Jones New York, said it will close about 170 underperforming U.S. stores by mid-2014 and ...
The U.S. stock market was hit hard on Monday as investors reacted to uncertainty emanating out of Italy on election day.The Dow lost more than 200 points on fears th...
OPIS U.S. Refined Products Executive Editor Denton Cinquegrana on the outlook for gas prices.
Staying profitable in a struggling economy, clever solution to common problem and surviving the shark tank effect
MARTINSBURG, West Virginia (Reuters) - The brave new world for U.S. retailers can be found in small cities like Martinsburg, West Virginia.That's where department st...
The U.S. Equal Employment Opportunity Commission said Tuesday that retailer Dillard's Inc. will pay $2 million "and commit to extensive, company-wide injunctive reli...