Monday, July 16, 2012

Google Alert - retail news

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US shares edge down after retail sales; earnings eyed
Economic Times
A surprise decline in June retail sales was the latest worrying sign from the economy, pushing stocks slightly lower on Monday.
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Retail giants see Kozhikode as gateway to north Kerala
Times of India
The city is fast turning out to be the launch pad for a clutch of global retail giants who are making a beeline to grab a share of city's growing retail pie.
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US retail sales disappointment weighs on markets
Businessweek
LONDON (AP) — A disappointing U.S. retail sales report weighed on stock markets Monday but helped the euro clamber off two-year lows against the dollar.
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Dollar Weakens as US Retail Sales Drop; Swedish Krona Slides
Businessweek
The dollar dropped to the lowest in almost a month against the yen and erased gains versus the euro as U.S. retail sales unexpectedly fell, adding to bets the Federal Reserve will take further steps to bolster the economy.
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Retail sales decline in June shows consumers are nervous
Detroit Free Press
WASHINGTON – Americans cut their spending at retail businesses for a third straight month in June, as a weak job market made consumers more cautious.
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Weak retail in June raises back-to-school stakes
MarketWatch
Retail sales declining for a third straight month in June may signal a tough second half ahead for the industry, putting more weight on their performance in the industry's second biggest selling period.
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FXCM Retail Trading Volume Rose in June
Wall Street Journal
The company reported an average of 414502 retail client trades a day in June, up 14% both month-to-month and year-to-year. Total retail-customer trading volume rose 4% to $317 billion last month from May, and was flat with the year-earlier period.
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Credit Swaps in U.S. Jump as Growth Concern Rises on IMF, Retail
Bloomberg
A gauge of U.S. corporate debt risk rose as the International Monetary Fund lowered its 2013 growth forecast and U.S. retail sales fell for a third month, signaling Europe's debt crisis is undermining the global economy.
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Retailers Urge Continued Dialogue in East and Gulf Coast Ports Contract ...
MarketWatch (press release)
WASHINGTON, Jul 16, 2012 (BUSINESS WIRE) -- The National Retail Federation today called on labor and management officials at the East and Gulf Coast ports to continue contract negotiations in order to avoid any potential supply chain disruption, delay ...
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Home Improvement Retailers Better Watch Out, Amazon Is Coming
Forbes
The home improvement industry is ripe for some thinning of the retail herd. Amazon's move to collect sales tax and improve delivery times could be just the catalyst it needs.
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Canadian Bonds Rally After Poor US Retail Sales Data
Wall Street Journal
TORONTO--Canadian government bonds were higher Monday as investors took cues from U.S. Treasurys after a surprisingly poor read of U.S. retail sales figures for June signaled the U.S. economy might be slowing. Yields for Canada's two-year bond were ...
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US retail sales fall for 3rd straight month in June
Pakistan Daily Times
WASHINGTON: US retail sales fell for a third straight month in June as demand slumped for everything from cars and electronics to building materials, a sign the economic recovery is flagging. Retail sales slipped 0.5 percent, the Commerce Department ...
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Citi Global Retail Bank Worth More Than the Whole
Slate Magazine (blog)
Citigroup investors are giving no credit to much of the bank's business. Its global retail bank looks to be worth over $80 billion, more than the company's entire market capitalization. Despite the publication on Monday of another set of anemic ...
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Slate Magazine (blog)
Canada Dollar Drops on US Retail Sales Drop; Bond Yields Fall
Businessweek
The Canadian dollar weakened, snapping a three-day rising streak against its U.S. counterpart, as the nation's 10-year bond yields declined to a record low.
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US Stocks Retreat After Drop in Retail Sales
Businessweek
U.S. stocks fell, dragging the Standard & Poor' 500 Index lower for the seventh time in eight days, after the International Monetary Fund cut its global economic forecast and retail sales unexpectedly dropped.
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Retailers questioning $6 billion swipe fee settlement
National Retail Federation (blog) (press release)
NRF's Mallory Duncan explains why last week's multi-billion dollar swipe fee settlement did not fix the problems with the credit card market.
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Retail Results Spoil the Day — Monday's IP Market Recap
Investorplace.com
A disappointing retail report and mixed results for Citigroup's second quarter weighed on markets Monday, though M&A news sparked life into pharma.
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Taxing online sales could change buying behavior
msnbc.com (blog)
A push by state and federal lawmakers plus online retail giant Amazon.com to collect sales tax on online purchases could help brick and mortar retailers who complain they lose sales to tax-free online competitors, provided beleaguered consumers don't ...
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Retail ETFs Slide With June Sales Figures
Barron's (blog)
From my colleague, Johanna Bennett: A third consecutive month of falling retail sales is taking a toll on exchange traded funds that cater to retail stocks. The SPDR S&P Retail ETF (XRT) fell 0.42% to $58.97 during afternoon market action, lagging the ...
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US Stock Futures Dip On Sluggish Retail Sales Data, Macro Concerns
Wall Street Journal
NEW YORK--U.S. stock futures edged lower after June retail sales unexpectedly fell, adding to worries about China's economy and the consequences of the Spanish bank bailout. Less than an hour before the opening bell, Dow Jones Industrial Average ...
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Fifth Third Bancorp hires head of retail banking
Businessweek
NEW YORK (AP) — Fifth Third Bancorp named a new head of retail banking Monday.
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Weak US retail boosts global economy worries, hits TSX
Toronto Star
Toronto stock market moves lower on world economic worries, U.S. retail disappointment.
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Stocks Close Moderately Lower On Disappointing Retail Sales
RTT News
Stocks saw moderate weakness during trading on Monday, giving back some ground after ending last Friday's trading sharply higher. The pullback came on the heels of the release of a disappointing report on U.
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RTT News
The Retail Feedback Loop: When It Rains, It Pours
Seeking Alpha
The end retailer doesn't hire because they don't want to train employees only to have to let them go because there isn't enough demand. Consequently, their supplier doesn't want to hire because THEY'RE now afraid there won't be enough demand -- and ...
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Behind Weak Retail: Anxious Consumers, Scared Bosses
Businessweek
The surprising weakness in retail sales for June has analysts wondering just what's on consumers' minds when they go to the mall, or avoid the mall altogether. Excluding autos, gasoline, and building materials, retail sales growth slipped 0.1 percent ...
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EMERGING MARKETS-Brazil, Mexico FX little changed after US retail data
Reuters
U.S. retail sales drop for 3rd month in June * Markets speculate about stimulus measures from U.S., China * Brazil real drops 0.17 pct, Mexico peso up 0.17 pct By Natalia Cacioli RIO.
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US stocks end lower on weak retail sales
FXstreet.com
U.S. stocks closed lower Monday, weighed by disappointing June retail sales data which depressed demand for risk and moved investors into Treasuries.
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