Costco Wholesale CFO Richard Gallanti talks about competition and deflationOctober 7th, 2009 On the Call: Costco Wholesale CFO Richard GalantiAs consumers have limited their spending, retailers have become increasingly competitive to lure them into their stores — typically focusing on value to draw the cost-conscious. At the same time, retailers are seeing prices drop on some items as manufactures adjust to lower demand, lower input prices and other factors.
Goldman analyst lifts some lodging price targets on slowing supply growth, increasing demandSeptember 30th, 2009 Sector Snap: Some lodging price targets raisedNEW YORK — A Goldman Sachs analyst boosted the price targets of some lodging companies Tuesday, citing slowing supply growth and an uptick in demand. Many lodging operators saw declining demand during the recession as consumers looked to trim costs and held back on booking trips or took shorter vacations.
Treasury prices rise modestly after strong demand seen for new 10-year notesSeptember 9th, 2009 Treasurys rise modestly amid strong auction demandNEW YORK — Treasury prices rose modestly Wednesday after a strong showing for the government's latest auction of 10-year notes. The price of the 10-year note rose 1/32 to 101 6/32, while its yield remained unchanged at 3.48 percent.
Gold prices cross 1,000 dollars an ounceSeptember 8th, 2009 NEW DELHI - For the first time since February, gold prices crossed 1,000 dollars an ounce on Tuesday, as investors sought a safe haven due to the dollar's weakness and worries about the sustainability of the global economic recovery. India's gold demand normally rises between August and October, when consumers buy bullion for auspicious reasons to celebrate major festivals such as Dussera, Diwali and Dhanteras.
Food prices fall as retailers, food makers pass along savings to woo frugal shoppersSeptember 8th, 2009 Grocery aisle relief as food prices fallGrocery shoppers are finally seeing some reprieve from last year's steep price increases. Food prices are dropping on some key items as retailers slash prices to better compete and food makers do more promotions and pass along savings from lower ingredient and gasoline costs.
Analyst keeps Gymboree as top pick among children's apparel retailers, ups price targetAugust 19th, 2009 Analyst keeps Gymboree as a top pickNEW YORK — An analyst kept Gymboree Corp. as her top pick among children's apparel retailers Wednesday, saying the company has been able to capitalize on its promotions and looks to gain more ground with its new Crazy 8 stores.
Sugar prices dip in Madhya Pradesh following raidsAugust 18th, 2009 BHOPAL - Sugar prices have declined in the wholesale market in Madhya Pradesh after the government raided sugar mills and godowns across the state and seized around 2,000 tonnes of hoarded sugar in the last four days. "The wholesale price which was Rs.3,300 per quintal till Monday came down to the range of Rs.2,850 and Rs.2,950 and is likely to fall further," Karamchandani, a wholesaler here, told IANS.
USDA announces aid for struggling dairy farms hit by low prices and high costsJuly 31st, 2009 USDA will aid struggling dairy farmsWASHINGTON — The Agriculture Department is helping struggling dairy farmers by raising the price the government pays for milk and cheddar cheese through a dairy price support program. The department estimates the temporary increases, which will be in place until October, will boost dairy farmers' overall revenue by $243 million.
Survey: Most UK retailers say sales are falling this monthJuly 28th, 2009 UK retailers say sales dropping in JulyLONDON — Most U.K. retailers say that sales are declining in July, though grocery and shoe stores are bucking the trend with rising volumes, the Confederation of British Industry said Tuesday.
Euro-zone nations post negative inflation rate of 0.1 percent in June as prices shrinkJune 30th, 2009 Euro-zone sees falling prices in JuneBRUSSELS — Euro-zone nations saw consumer prices fall 0.1 percent in the year to June, the first negative inflation rate in at least a decade, the EU statistics agency said Tuesday. Eurostat's preliminary estimate, to be confirmed and explained on July 15, was the first negative rate since the euro single currency was launched in 1999.
Indian Government may hike petrol price by Rs 2 a litre, diesel by Re 1June 22nd, 2009 NEW DELHI - Unstable international oil rates may force the Government of India to increase petrol price by Rs 2 a litre and diesel by Re 1 per litre, unless excise duty on both the fuels is cut to neutralise the increase. According to reports, state fuel retailers- Indian Oil, Hindustan Petroleum and Bharat Petroleum- incur a loss of Rs 135 crore per day on sale of petrol, diesel, LPG and kerosene.
India's industrial sector will continue to improve: Moody'sJune 12th, 2009 NEW DELHI - The rise in India's industrial production in April points to stabilisation of the industrial sector, which will continue to grow in coming months, says the economic intelligence arm of global rating agency Moody's. The Index of Industrial Production (IIP) rose 1.4 percent in April as against a decline of 0.75 percent in March, data released here Friday by the government said.
OPEC oil price stays in $40 rangeJanuary 22nd, 2009 VIENNA - The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) inched up by $0.77 Thursday but stayed in the $40 range, as analysts said Friday that output cuts were leading to a more balanced market. One barrel (159 litres) of OPEC-produced crude stood at $40.31 Thursday, the Vienna-based cartel announced Friday.
Wall Street falls as retailers bring down marketJanuary 7th, 2009 NEW YORK - Wall Street opened lower Thursday after big US retailers reported disappointing sales in the holiday shopping season. Retailers such as Wal-Mart, Macy's and Limited Brands cut earning forecasts after recession-hit consumers reduced holiday spending.
CPI-M wants truck operators' demands to be metJanuary 6th, 2009 NEW DELHI - The Communist Party of India-Marxist (CPI-M) Wednesday urged the central government to further reduce the price of diesel and take other immediate steps to end the truck operators' strike, which the party said has 'disrupted transport of supplies'. The transporters are protesting the government reluctance so far to reduce the diesel price by 'at least Rs.10 a litre' - as the truckers want - against the Rs.2 a litre now, and steep road taxes.
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