At J.C. Penney, meantime, even an optimistic outlook from CEO Marvin Ellison couldn't buoy the retailer's shares after investors were underwhelmed by the company's 3.4 percent gain for holiday sales.
There were $495.4 billion in retail and food service sales in December, up 0.4% from the previous month and 5.4% from December 2016, according to the U.S. Census Bureau. There were increases across all retail categories except sporting goods, which was down 0.5% year-over year.
Consumer confidence is on the rise, with 2017 ending on a high note. The gain represented the largest increase in the period since the 5.2% year-over-year gain enjoyed in 2010, the organization noted. NRF had forecast that non-store sales, which include online sales, would grow between 11% and 15% to between $137.7 billion and $142.6 billion.
GlobalData Retail managing director Neil Saunders cited these factors: Consumer confidence at 17-year highs, steady wage growth of about 3 percent, the booming stock market, and the robust housing sector. "Whether they shopped in-store, online or on their phones, consumers were in the mood to spend, and retailers were there to offer them good value for their money".
Start your workday the right way with the news that matters most. It marked the fourth consecutive month of increase for the industry after a bruising year strewn with bankruptcies and department store closures largely from the shift to online shopping. "We think the willingness to spend and growing purchasing power seen during the holidays will be key drivers of the 2018 economy", Kleinhenz said. Furniture stores, and building material and garden equipment (two separate categories), both enjoyed annual gains of 9.9 percent.
Is there a Bearish outlook for Helmerich & Payne, Inc Clark Bernard J. also sold $3.31 million worth of The Charles Schwab Corporation (NYSE:SCHW) on Wednesday, September 27. Gibraltar Capital Management Inc increased Helmerich & Payne Inc (HP) stake by 141.17% reported in 2017Q3 SEC filing.
December retail sales - a measure of consumer spending at stores, restaurants and websites - rose 4.2 percent, the most in three years, the Commerce report concluded, while e-commerce sales rose 1.2 percent from November and 12.7 percent from the prior December.
U.S. retail sales grew more strongly than expected last month amid especially strong demand for building materials and for on-line retailers.
Receipts at restaurants and bars gained 0.7 percent, the biggest increase seen since January. Retailers closed a record 7,000 US stores a year ago, while dozens of big-name companies, including Gymboree, RadioShack and BCBG Max Azria, filed for bankruptcy.
For the week, the Dow surged up by 2 percent, while the Nasdaq and the S&P 500 jumped by 1.7 percent and 1.6 percent, respectively.
After $-1.09 actual EPS reported by Cheniere Energy, Inc. for the previous quarter, Wall Street now forecasts -120.18% EPS growth. Trust Asset Management Llc acquired 113,699 shares as Enterprise Products Partners (EPD)'s stock declined 6.06%. (NYSE:HBI).
In a sisterly fashion moment yesterday, Gigi and Bella Hadid stepped out in style to celebrate Yolanda Hadid's 54th birthday. Yolanda recently admitted she's 'so in love right now, ' but has opted to keep her suitor's name private for the time being.
Royal Bank of Canada reaffirmed a "buy" rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Finally, Capital World Investors boosted its stake in PNC Financial Services Group by 6.9% during the second quarter.
He's the guy you go to, when you want to get your hands on some fine Exotic arms and armour, as well as some nifty consumables. Any time the player is wounded they will gain Rift energy and if they die the character leaves a Healing Rift on its corpse.
Ms Gracie has been praised for taking a stand over equal pay, accusing the BBC of a "secretive and illegal pay culture". With great regret, I have left my post as China editor to speak out publicly on a crisis of trust at the BBC.
Bank of America Corporation (BAC) exchanged hands at an unexpectedly low level of 59.09 million shares over the course of the day. With 300 avg volume, 330 days are for KBC GROEP NV (OTCMKTS:KBCSF)'s short sellers to cover KBCSF's short positions.
The stock has a market cap of $63,450.00, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. Parametric Portfolio Associates LLC raised its stake in shares of Canadian Pacific Railway by 29.1% in the third quarter.
South Carolina-based Greenwood Associate Limited Liability Corp has invested 0.99% in Bristol-Myers Squibb Company ( NYSE : BMY ). Evergreen Capital Management Llc increased Bristol Myers Squibb Co ( BMY ) stake by 100.67% reported in 2017Q3 SEC filing.
Politicians of the Green Party admitted that they also considered bailing on the talks over the chancellor's attitude. German Chancellor Angela Merkel has returned to the negotiating table, this time with SPD leader Martin Schulz.
XPO Logistics, Inc. (XPO)
It improved, as 23 investors sold NOW shares while 115 reduced holdings. 62 funds opened positions while 240 raised stakes. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04.
Discount retailer B&M emerges as a Christmas victor
B&M European Value Retail turned over £969.8m in the 13 weeks to 23 December 2017 compared to £789.1m for the same period in 2016. In its United Kingdom market, sales shot up by 12.9 per cent to £837.3 million with like-for-like sales up by 3.9 per cent.
Brady refutes notion of rift within Patriots
I want to make him look like (Jacksonville Jaguars quarterback) Blake Bortles if I can to try to catch a couple picks. Tennessee recognizes the challenge it faces against Brady. "I have won it plenty of times".
Paige's WWE in-ring career is over
She was examined by WWE medical personnel and a stretcher was brought to ringside to transport her back to the locker room. It's insane to think that we may never see Paige in a wrestling ring again, and I can't stress how very bad this news is.