NEW YORK (Reuters) - Wal-Mart Stores Inc WMT on Thursday reported a 5.8 percent rise in June sales at U.S. stores open at least a year, beating Wall Street estimates, and the discount retailer raised its second-quarter earnings forecast. Analysts, on...
Teens are enthusiastic about working this summer, but they may have difficulty finding work during a slow economy. A Junior Achievement poll found that 88.6 percent of teens plan to have jobs this summer, up 15 percent from last year. But they are counting...
Teens are enthusiastic about working this summer, but they may have difficulty finding work during a slow economy. That's according to Colorado Springs, Colo.-based Junior Achievement, which today released the results of its 2008 Teens and Summer Jobs poll, which found that 88.6 percent of teens plan...
MINNEAPOLIS -- FAF Advisors, Inc., announced today that it has named Derek Chow as its new head of retail distribution. Chow has headed the firm's third-party institutional platform sales since he joined the firm in November 2007. In his new role, Chow will be responsible for leading the firm's external...
Majority of Industries and Occupations Tracked Show Reduced Online Job Demand November 2007 Index Highlights: * Index falls five points, reflecting further moderation in U.S. online recruitment activity * Fewer online opportunities for retail/sales and leisure/hospitality positions suggests waning consumer confidence is contributing to...
Score one for the mom-and-pop bakeries that want to turn out trans-fat-laden pound cakes and cannolis. City Council, in a 16-to-1 vote yesterday, exempted the small businesses from the city's relatively new trans-fat ban. Even if health-conscious Mayor Street decides to veto the legislation - and his views were not...
Research out today shows that spending on durable consumer products such as white goods has fallen, amid fears that the recent credit crunch is starting to affect the high street. The data, from consultancy GfK, shows the growing effect of interest rate rises and market uncertainty has...
A number of the second-tier Republican presidential candidates have made supportive comments about a national sales tax; the idea is the centerpiece of Huckabee's campaign. But none of the top-tier candidates is touching the issue--and for very good reasons. If the Republican nominee adopted the issue, he would quickly find...
Staff NRF supports legislation -- The National Retail Federation is urging the Senate Finance Committee to approve legislation proposed in mid-January by Chairman Max Baucus (D-Mont.) and Ranking Member Charles Grassley (R-Iowa), that would end the discrepancy in depreciation rules for improvements....
Byline: EMMA HALL ehall@crain.com [london] The compelling story of Marks & Spencer's turnaround was the clear Grand Prix winner at last week's IPA Effectiveness Awards. The U.K. retailer's share price has almost doubled since 2004, ...
There's seemingly no end to the list of discretionary purchases Americans are willing to finance; at GE Consumer Finance's retail-sales unit, revenues are soaring thanks to consumers' willingness to borrow for everything from dental implants to Lasik surgery, couture jewelry and musical instruments. "There's not a piece of our business...
Byline: Dan Jamieson IRVINE, Calif. - James Gorman is bullish on Morgan Stanley's retail-sales force. Its clientele and productivity compare favorably with that of competitors on several levels, said Mr. Gorman, who runs the firm's retail business....
NEW YORK AP -- Retail sales are projected to increase a modest 4.7 percent this year, much less than the 6.1 percent gain in 2005 as higher energy prices, a still shaky labor market and a slowdown in the housing market dampen spending, the National Retail Federation said Monday. ...
A year ago, November ranked as the twentieth warmest and fifth wettest in 110 years of records. Really warm Novembers have historically been very disappointing retail-sales months as it was last year when same-store sales were the second worst in 20 years at just +1.7%. Cold weather in fall is...
College Money: It may seem obvious that teenagers would get summer jobs to save money for college. But this year is the first time in six years that saving money for college is the number-one reason teens gave for working over the summer, a new poll shows....
In its 2005 forecast, the National Retail Federation NRF predicts that sales general merchandise stores, apparel stores, furniture and home furnishings stores, electronics and appliances stores, and sporting goods, hobby, book and music stores GAFS will increase 3.5 percent from last year. GAFS sales grew 6.7 percent in 2004, the...
John H. Tyson 1953– Chairman and chief executive officer, Tyson Foods Nationality: American. Born: September 5, 1953, in Springdale, Arkansas. Education: Southern Methodist University, BA, 1975. Family: Son of Donald John Tyson a food company executive and Twilla Jean Womochil; married Kimberly McCoy; children: two. Career: Tyson Foods,...
Lawrence R. Johnston 1949– Chairman and chief executive officer, Albertsons Nationality: American. Born: 1949, in New York. Education: Stetson University, BBA, 1972. Career: General Electric GE, 1972, management trainee; 1972–1978, retail-sales management in GE Appliances GEA; 1979–1983, marketing manager; 1983–1989, merchandising manager for Washington, D.C., then Cleveland, Ohio,...
Byline: Brian DeBose, THE WASHINGTON TIMES Some tax-reform advocates in Congress want to begin work on a new tax system immediately, with action taking place in the first two years of President Bush's second term. Rep. John Linder, Georgia Republican, authored a...
NEW YORK -- Stocks rebounded moderately Friday as a stronger-than- expected retail sales report showed that higher oil prices aren't scaring consumers away from spending. Federal Reserve Chairman Alan Greenspan's positive comments on oil prices also encouraged investors, but the major indexes finished the week lower following...
Articles 2004-10-16
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