US retail sector »

  • Crocs (NASDAQ:CROX) are perhaps the ugliest shoes on the planet, but apparently not everyone thinks so and consequently shares were sent soaring. On Monday it was announced that Blackstone (NYSE:BX) would be taking a sizable position in the lightweight footwear company. Crocs announced late Sunday night that it has entered into a partnership with Blackstone,

  • The United States retail sector advanced at a faster rate than expected in October, as consumer spending was undeterred by the 16-day partial government shutdown. Retail and food sales increased 0.4 percent, the most in three months. The median estimate of 86 economists polled by Bloomberg called for a modest rise of 0.1 percent. Sales