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U.S. Stocks Post First Weekly Loss in 6 Weeks; Retail Sales Up 0.6%

By: , dated September 12th, 2014
U.S. stocks end the day down, posting their first weekly loss in 6 weeks. Target’s (TGT) new CEO, the first to be hired from outside the company, looks to bring in change and a new perspective as the retailer is still struggling to recover from the massive security breach that occurred at the end of 2013. Brian Cornell, Target’s new CEO, thinks a recommitment to fashion and trends will help the company recover. Retail sales were up 0.6% in August as consumers stepped up their spending. The Commerce Department reported that retail sales last month grew at the fast pace since April.

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