NEW YORK (Reuters) - With the meteoric jump in shares of Apple Inc and turmoil in the bank sector garnering the spotlight in recent months, one group managed to fly under the radar despite strong gains - retailers. Since hitting a 13-month low in early October and flirting with bear market territory, the S&P 500 has risen 17.2 percent. During the same time frame the S&P retail index has climbed ...
As summer approaches, retailers are feeling the heat from volatile fuel prices. A study by BDO USA, LLP, a leading accounting and consulting organization, found that while the economy remains the top risk for the nation?s largest retailers, concerns over the cost of fuel prices outpaced unemployment for the first time since 2009.
By Christina Cheddar Berk, News Editor NEW YORK (CNBC) -- Worries about fuel prices are trumping concerns about unemployment for U.S. retailers, according to a BDO USA study. Unemployment had been a larger retailer concern since 2009. In the study, BDO looked at the most recent 10-k filings from the 100 largest public retailers in the U.S. The study found that 99 of the retailers cited general ...
