Retail News
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Sony, Panasonic Withstand Strong Yen With Forecasts
Sony Corp. and Panasonic Corp., the world’s largest consumer-electronics makers, signaled Japanese technology companies are withstanding slowing European demand and the stronger yen after raising their earnings forecasts .
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Samsung Electronics Profit Jumps to Record on Chips
Samsung Electronics Co. , Asia’s biggest maker of semiconductors, flat screens and mobile phones, said second-quarter profit jumped 83 percent to a record, fueled by a recovery in demand for computer-memory chips.
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Bulgari Falls in Milan Trading After Quarterly Profit Misses Estimates
Bulgari SpA , the world’s third- largest jeweler, fell as much as 3.6 percent in Milan after reporting second-quarter profit that missed estimates and that it may not meet its full-year gross-margin forecast.
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PPR First-Half Profit Rises 87%, Boosted by Clothing Demand Outside Europe
PPR SA , the owner of Gucci and the Fnac retail chain, said first-half profit surged 87 percent, led by renewed demand for clothing and accessories.
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Consumer Discretionary ETFs
| RETAIL HOLDRS TR | 88.74 | -0.69 | -0.77 |
| SPDR-CONS DISCRE | 31.23 | -0.16 | -0.51 |
| SPDR S&P RETAIL | 37.84 | -0.10 | -0.26 |
| ISHARES-DJ CN SR | 56.97 | -0.37 | -0.65 |
| VANGUARD CN DI E | 49.82 | -0.25 | -0.50 |
Consumer Staples ETFs
| SPDR-CONS STAPLE | 26.91 | -0.33 | -1.21 |
| VANGUARD CN ST E | 67.69 | -0.81 | -1.18 |
| ISHARES-DJ CN GD | 57.33 | -0.57 | -0.98 |
| ISHARES S&P CONS | 56.70 | -0.35 | -0.61 |
| POWERSH-FOOD&BEV | 15.60 | -0.24 | -1.51 |
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