RETAIL SALES

US retail sales rose in 2010

Retail sales in the U.S. rose marginally in December as well as for the year 2010, according to a report by the U.S. Commerce Department.
Walmart

Wal-Mart faces stiff opposition to setting up shop in New York City

Wal-Mart’s (NYSE: WMT) efforts to establish its first footprint in the vast New York City market promises to be long and bumpy ride, as forces opposed to the discount retailing giant’s presence gather their resolve. Meanwhile, the company seems equally determined to build a store in the city.
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Traders work on the floor of the New York Stock Exchange

US Stocks Start Holiday Week On High Note

S&P 500 Index gained 3.00 points, or 0.24 percent, to trade at 1,246.91 at 09:50 a.m. EST. The Dow Jones Industrial Average is up 7.11 points, or 0.06 percent, to trade at 11,499.02. The Nasdaq Composite Index rose 0.20 percent to trade at 2,648.31.
A holiday shopper passes a sale sign at a clothing store in New York

Holiday Shoppers Spend $27.5 Bln Till Date: comScore

Online spending in the United States rose 12 percent to $27.5 billion till date this holiday shopping season. Free Shipping Day punctuated an exceptional week in which consumers spent more than $5.5 billion online, representing a 14 percent increase from last year, research firm comScore said.
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Gold price could continue range trading over New Year

Gold Prices slipped to a two-day low in London dealing on Wednesday, dropping 1.5% from yesterday's Dollar high at $1408 per ounce as Asian stock markets closed up to 2% lower and European stocks lost 0.7% on average.
Rich Americans set to spend more on holiday gifts

NRF Ups Holiday Sales Forecast To 3.3 Pct

The National Retail Federation (NRF) raised its holiday sales forecast to 3.3 percent, or $451.5 billion, from 2.3 percent, saying stock market gains and income growth combined with great deals on merchandise have given consumers the capacity to spend.
Consumer watchdog protests online GST proposal

SuperGroup H1 profits soar as revenue rises 65 pct

SuperGroup, the owner of Superdry brand, reported a 86 percent rise in pretax profit for the first half on strong sales growth at its retail and wholesale segments. But, the British fashion retailer warned rising raw material prices may affect gross margins in the next financial year.
Holiday shoppers browse Macy's department store in New York City

US retail sales rose in November

U.S. retail sales continued to rise in November for the fifth month, boosted by holiday shopping as well as fuel prices, the U.S. Commerce Department said.
Traders work on the floor of the New York Stock Exchange

Futures edge higher ahead of FOMC statement

Futures on major U.S. stock indices point to a modestly higher opening on Tuesday ahead of a wave of economic data including the US Federal Open Market Committee statement (FOMC).
Traders work on the floor of the New York Stock Exchange

US futures edge lower, FOMC statement eyed

Futures on major U.S. stock indices point to a modestly lower opening on Tuesday as investors awaited a wave of economic data including the US Federal Federal Open Market Committee statement (FOMC)

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