Money

Black Friday merchants look to extend moment of retail optimism

Black Friday merchants look to extend moment of retail optimism

November 24, 2017

NEW YORK, Nov 24 —  As Black Friday shoppers descend on stores this weekend, retailers are experiencing something that’s been in short supply: optimism. Brick-and-mortar chains are coming off a generally positive earnings season, with companies such as Wal-Mart Stores Inc seeing their shares reach record highs. Even the beleaguered department-store industry is finding reasons for hope. Macy’s Inc and its peers rallied earlier this month after giving an upbeat... Read more

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Picture of the Day

Shoppers reach out for television sets as they compete to purchase retail items on Black Friday at a store in Sao Paulo November 24, 2017. — Reuters pic

Shoppers reach out for television sets as they compete to purchase retail items on Black Friday at a store in Sao Paulo November 24, 2017. — Reuters pic Read More